Common use of Accounts Receivable and Payable; Loans Clause in Contracts

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 9 contracts

Samples: Merger Agreement (Hudson Capital Inc.), Share Exchange Agreement (Ace Global Business Acquisition LTD), Merger Agreement (Hudson Capital Inc.)

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Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company Group reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company Group in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 2 contracts

Samples: Merger Agreement (Chardan Healthcare Acquisition Corp.), Merger Agreement (Hunter Maritime Acquisition Corp.)

Accounts Receivable and Payable; Loans. (a) All accounts receivable receivables and notes of any member of the Company Group reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by any member of the Company Group in the ordinary course of business consistent with past practice. The accounts payable of any member of the Company Group reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Feutune Light Acquisition Corp), Agreement and Plan of Merger (Broad Capital Acquisition Corp)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practicepractice or in connection with this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Vincera Pharma, Inc.), Merger Agreement (LifeSci Acquisition Corp.)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company Companies reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company Companies in the ordinary course of business consistent with past practice. The accounts payable of the Company Companies reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 2 contracts

Samples: Merger and Share Exchange Agreement (BGS Acquisition Subsidiary, Inc.), Merger and Share Exchange Agreement (China VantagePoint Acquisition Co)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the each Company in the ordinary course of business consistent with past practice. The accounts payable of the each Company reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Purchase Agreement (iFresh Inc)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company reflected on the 2018 Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the 2018 Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Merger Agreement (HF Foods Group Inc.)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company Target Companies reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company Target Companies in the ordinary course of business consistent with past practice. The accounts payable of the Company Target Companies reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Merger and Share Exchange Agreement (BGS Acquisition Corp.)

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Accounts Receivable and Payable; Loans. (a) All accounts receivable receivables and notes of the Company and its Subsidiaries reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company or its Subsidiaries in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Genesis Unicorn Capital Corp.)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company reflected on the Company Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the Company Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Opes Acquisition Corp.)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company Group reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company Group in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereofBalance Sheet Date, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Share Exchange Agreement (8i Enterprises Acquisition Corp.)

Accounts Receivable and Payable; Loans. (a) All accounts receivable and notes of the Company Group reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company Group in the ordinary course of business consistent with past practice. The accounts payable of the Company Group reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Merger Agreement (Newborn Acquisition Corp)

Accounts Receivable and Payable; Loans. (a) All accounts receivable receivables and notes of the Company reflected on the Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations arising from services actually performed or goods actually sold by the Company in the ordinary course of business consistent with past practice. The accounts payable of the Company reflected on the Financial Statements, and all accounts payable arising subsequent to the date thereof, arose from bona fide transactions in the ordinary course consistent with past practice.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Arisz Acquisition Corp.)

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