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

Accounts Receivable and Payable; Loans. (a) To the Company’s knowledge, all accounts receivables 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 a member of the Company Group in the ordinary course of business consistent with past practice. To the Company’s knowledge, 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 and were approved by the board of directors or shareholders pursuant to the Charter Document of the applicable member of the Company Group.

Accounts Receivable and Payable; Loans. (a) To the CompanyCompany Group’s knowledge, all accounts receivables and notes of the Company Group reflected on the Financial Statements Statements, and all accounts receivable and notes arising subsequent to the date thereof thereof, represent valid obligations arising from services actually performed or goods actually sold by a member of the Company Group in the ordinary course of business consistent with past practice. To the CompanyCompany Group’s knowledge, the accounts payable of the Company Group reflected on the Financial Statements Statements, and all accounts payable arising subsequent to the date thereof thereof, arose from bona fide transactions in the ordinary course consistent with past practice and were or approved by the board of directors or shareholders or stockholders pursuant to the Charter Document of the applicable member Organizational Documents of the Company Group.

Accounts Receivable and Payable; Loans. (a) To the CompanyCompany Group’s knowledge, all accounts receivables and notes of the Company Group reflected on the Financial Statements Statements, and all accounts receivable and notes arising subsequent to the date thereof thereof, represent valid obligations arising from services actually performed or goods actually sold by a member of the Company Group in the ordinary course of business consistent with past practice. To the CompanyCompany Group’s knowledge, the accounts payable of the Company Group reflected on the Financial Statements Statements, and all accounts payable arising subsequent to the date thereof thereof, arose from bona fide transactions in the ordinary course consistent with past practice and were or approved by the board of directors or shareholders pursuant to the Charter Document of the applicable member of the Company Group.