Accounts Receivable and Prepaid Expenses. (a) Set forth in Schedule 3.6 is a schedule of the accounts receivable and prepaid expenses as of June 30, 2003, specifying the names of each account, the dates of incurrence, the face amounts thereof and, in the case of the accounts receivable, the amount of any reserve Sellers have allotted for each such account, if any.
(b) Buyer shall use its commercially reasonable efforts to collect all such accounts receivable set forth on Schedule 3.6 prior to Buyer's making of any Collectible Accounts Receivable Determination; it being understood that Buyer's commercially reasonable efforts shall not require Buyer to initiate litigation to collect accounts receivable.
(c) All revenue and expenses relating to the Assets transferred and assigned to Buyer on the Closing Date shall be prorated as of the Closing Date, except as otherwise provided herein. Sellers shall take commercially reasonable actions to notify third Persons who are obligated to make payments with respect to the accounts receivable after the Closing Date to make such payments to Buyer when due and, if Sellers receive any payment with respect to the accounts receivable on and after the Closing Date, including payments with respect to any Withheld Receivables that are transferred to Buyer in accordance with Section 3.5(d), Sellers shall promptly remit such amount to Buyer.
Accounts Receivable and Prepaid Expenses. All accounts and notes receivable, employee receivables, deposits, advances, manufacturer and supplier rebates, and all other receivables to the extent arising out of the sale of Seller Product prior to the Closing Date (collectively, “Accounts Receivable”) including, but not limited to the Accounts Receivable specified on Exhibit 1.1(e) hereto and all prepaid expenses to the extent relating exclusively to the Aesthetics Business (the “Prepaid Expenses”), including but not limited to the prepaid expenses specified on Exhibit 1.1(e) (as such exhibit shall be updated immediately prior to Closing);
Accounts Receivable and Prepaid Expenses. All accounts receivable and prepaid expenses;
Accounts Receivable and Prepaid Expenses. All trade and other miscellaneous accounts receivable arising out of the Business through the Effective Time and remaining uncollected at the Effective Time, except accounts receivable from any Shareholder, but including all deposits on coach shells held by Xxxxxxx Car Company and all prepaid expenses as of the Effective Time that relate to and in the normal course of business of the Business will be realizable by Featherlite in the operation of the Business.
Accounts Receivable and Prepaid Expenses. All “Accounts Receivable” and “Prepaid Expenses” (as such terms are used in the Owner Financial Statements) of Owner as of the Cut-Off Time (i) shall remain the property of Owner from and after Closing, and (ii) shall be credited to Seller as an upward adjustment to the Purchase Price.
Accounts Receivable and Prepaid Expenses. (a) To be valued at “net book value” (to be defined) or other agreed- upon basis at time of closing or other effective date determined as agreed, or on same basis as set out in item 5.1.2(d).
(b) Allowance for doubtful accounts.
(c) Joint election under Income Tax Act, s. 22(1). .4 Deduction of amount for warranty or product liability claims.
Accounts Receivable and Prepaid Expenses. Schedule 3.1(z) sets forth a detailed list of the Accounts Receivable as at September 15, 2004, which list was true and correct as of such date. The Accounts Receivable set out in Schedule 3.1(z) are bona fide, good and legally enforceable. Except as set out in Schedule 3.1(z), the Vendor does not have any prepaid expenses relating to its conduct of the Business as at September 15, 2004. All accounts receivable of the Vendor relating to the portion of the Business conducted by the Vendor immediately prior to the Effective Time will be transferred to the Company pursuant to the Canadian Drop-Down Agreement;
Accounts Receivable and Prepaid Expenses. All accounts receivable of Xxxx as of the Closing Date ("Accounts Receivable"), prepaid advertising as of the Closing Date, and all other prepaid expenses of Xxxx (including leasehold security deposits and prepaid rent for those properties covered by the Leases as defined in Section 1.01(d) below), other than Prepaid Insurance (as defined herein) and other prepaid expenses included in the Excluded Items (as defined herein), ("Prepaid Expenses").
Accounts Receivable and Prepaid Expenses. All accounts receivable of PRISM as of the Closing Date attributable to the Pest Business (other than accounts receivable attributable to Retail Customers) (the "Receivables"), and all prepaid expenses of PRISM (including leasehold security deposits and prepaid rent for those properties covered by the Leases as defined in Section 1.01(d) below) and prepaid advertising as of the Closing Date attributable to the Pest Business (other than those prepaid expenses attributable to Retail Customers which are contributed to the Joint Venture) ("Prepaid Expenses").
Accounts Receivable and Prepaid Expenses. (a) All Accounts Receivable are recorded in the Acquired Corporation Financial Statements and in the financial records of the Seller, up to and including the Closing Date, and are valid obligations which arose in the ordinary course of Business in the amount of their full face value and are not subject to any set-off or counterclaim.
(b) At the Closing Date, there will be no pre-paid revenue, deposits, advances or similar amounts which have been received by or on behalf of the Acquired Corporation or any of its Affiliates with respect to the Business or the Purchased Assets except for as reported in the Acquired Corporation Financial Statements (Digital Currency Group: USD 328K and Altonomy (joint hash): USD 51K ).
