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

Accounts Receivable and Payable; Loans. (a) To the Company’s knowledge, all accounts receivable and notes of the Company Parties 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 a Company Party in the ordinary course of business consistent with past practice. To the Company’s knowledge, the accounts payable of the Company Parties 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 4 contracts

Samples: Share Exchange Agreement (Renren Inc.), Share Exchange Agreement (Kaixin Auto Holdings), Share Exchange Agreement (CM Seven Star Acquisition Corp)

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Accounts Receivable and Payable; Loans. (a) To the Company’s knowledge, all accounts receivable receivables and notes of the Company Parties 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 a the Company Party Group in the ordinary course of business consistent with past practice. To the Company’s knowledge, the accounts payable of the Company Parties 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 (Alphatime Acquisition Corp), Agreement and Plan of Merger (Blue Safari Group Acquisition Corp)

Accounts Receivable and Payable; Loans. (a) To the CompanyCompany Group’s knowledge, all accounts receivable receivables and notes of the Company Parties 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 a the Company Party Group in the ordinary course of business consistent with past practice. To the CompanyCompany Group’s knowledge, the accounts payable of the Company Parties 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: Merger Agreement (Orisun Acquisition Corp.), Merger Agreement (Model Performance Acquisition Corp)

Accounts Receivable and Payable; Loans. (a) To the Company’s knowledge, all accounts receivable receivables and notes of the Company Parties 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 a the Company Party and its Subsidiaries in the ordinary course of business consistent with past practice. To the Company’s knowledge, the accounts payable of the Company Parties 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 (HHG Capital Corp)

Accounts Receivable and Payable; Loans. (a) To the knowledge of the Company’s knowledge, all accounts receivable receivables and notes of the Company Parties reflected on the 2021 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 a the Company Party in the ordinary course of business consistent with past practice. To the knowledge of the Company’s knowledge, the accounts payable of the Company Parties reflected on the 2021 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 (Kairous Acquisition Corp. LTD)

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Accounts Receivable and Payable; Loans. (a) To the Company’s knowledge, all accounts receivable receivables and notes receivables of the Company Parties 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 a the Company Party Group in the ordinary course of business consistent with past practice. To the Company’s knowledge, the accounts payable of the Company Parties 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: Agreement and Plan of Merger (Bayview Acquisition Corp)

Accounts Receivable and Payable; Loans. (a) To the Knowledge of the Company’s knowledge, all accounts receivable receivables and notes of the Company Parties 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 a the Company Party in the ordinary course of business consistent with past practice. To the Knowledge of the Company’s knowledge, the accounts payable of the Company Parties 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 (Nova Vision Acquisition Corp)

Accounts Receivable and Payable; Loans. (a) To the knowledge of the Company’s knowledge, all accounts receivable receivables and notes of the Company Parties reflected on the 2022 Financial Statements, and all accounts receivable and notes arising subsequent to the date thereof, represent valid obligations bona fide receivables arising from services actually performed rendered or goods actually sold by a the Company Party in the ordinary course of business consistent with past practice. To the knowledge of the Company’s knowledge, the accounts payable of the Company Parties reflected on the 2022 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 (Kairous Acquisition Corp. LTD)

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