Common use of ACCOUNTS RECEIVABLE AND BAD DEBTS Clause in Contracts

ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of Seller shown on the Interim Balance Sheet or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs (subject to reserves therefor as will be taken into account in the determination of Current Assets at Closing in accordance with Section 5.05). SCHEDULE 7.23 attached hereto sets forth a true, complete and accurate list, as of the end of the most recent normal billing cycle of the Cellular System, listing the total amounts of subscriber receivables and the aging of such subscriber receivables of the Cellular System based on the following Schedule: 0-30 days, 31-60 days, 61-90 days and over 90 days, from the date thereof.

ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of Seller Sellers shown on the Interim August Balance Sheet or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs (subject to reserves therefor as will be taken into account in the determination of Current Assets at Closing in accordance with Section 5.05). SCHEDULE 7.23 attached hereto sets forth a true, complete and accurate list, list as of the end of the most recent normal billing cycle of the each Cellular System, System listing the total amounts of subscriber receivables and the aging of such subscriber receivables of the Cellular System based on the following Schedule: 0-30 days, 31-60 days, 61-90 days and over 90 days, from the date thereof.

ACCOUNTS RECEIVABLE AND BAD DEBTS. All notes and accounts receivable of Seller shown on the Interim Balance Sheet or thereafter acquired were or (to the extent not heretofore collected) are valid and genuine, were acquired in the ordinary course of business and are subject to no asserted counterclaims, defenses or setoffs (subject to reserves therefor as will be taken into account in the determination of Current Assets at Closing in accordance with Section 5.05). SCHEDULE 7.23 attached hereto sets forth a true, complete and accurate list, as of the end of the most recent normal billing cycle of the Cellular System, listing the total amounts of subscriber receivables and the aging of such subscriber receivables of the Cellular System based on the following Schedule: 0-30 daysdays past due, 31-60 daysdays past due, 61-90 days past due and over 90 daysdays past due, from the date thereof.