Common use of Accounts Receivable; Inventory Clause in Contracts

Accounts Receivable; Inventory. (a) Section 2.19 of the Disclosure Schedule includes a complete and accurate list of all of the Company's accounts receivable as reflected on the Unaudited Balance Sheet (the "ACCOUNTS RECEIVABLE"), together with a range of days elapsed since invoice (i.e., an aging report). (b) All of the Accounts Receivable arose in the ordinary course of the Company's business, are carried at values determined in accordance with Singapore GAAP consistently applied and are collectible except to the extent of reserves therefor set forth in the Unaudited Balance Sheet. No person has any liens, pledges, charges, claims, security interests or other encumbrances of any kind or character on any of the Accounts Receivable, and no request or agreement for deduction or discount has been made with respect to any of the Accounts Receivable. (c) All of the inventories of the Company reflected on the Unaudited Balance Sheet and the Company's books and records on the date hereof were purchased, acquired or produced in the ordinary and regular course of the Company's business and in a manner consistent with the Company's regular inventory practices and are set forth on the Company's books and records in accordance with the practices and principles of the Company consistent with the method of treating said items in prior periods. None of the inventory of the Company reflected on the Unaudited Balance Sheet or on the Company's books and records as of the date hereof (in either case net of the reserve therefor) is obsolete, defective or in excess of the needs of the business of the Company reasonably anticipated for the normal operation of the business consistent with its past practices and outstanding customer contracts. The presentation of inventory on the Unaudited Balance Sheet conforms to Singapore GAAP and such inventory is stated at the lower of cost (determined using the first-in, first-out method) or net realizable value.

Accounts Receivable; Inventory. (a) Section 2.19 of the Disclosure Schedule includes A. The Company has made available to Sybase a complete and accurate list of all accounts receivable of the Company's accounts receivable Company or any of its subsidiaries as reflected on the Unaudited Balance Sheet (the "ACCOUNTS RECEIVABLE")of September 30, 1999, together with a range of days elapsed since invoice (i.e., an aging report)invoice. (b) B. All of the Accounts Receivable arose in the ordinary course of the Company's businessand any of its subsidiaries' accounts receivable arose in the Ordinary Course of the Company's Business, are carried at values determined in accordance with Singapore GAAP consistently applied applied, and are collectible except to the extent of reserves therefor set forth in the Unaudited Current Balance SheetSheet or, for receivables arising subsequent to the Current Balance Sheet Date as reflected on the books and records of the Company and its subsidiaries, prepared in accordance with GAAP. No person has any liens, pledges, charges, claims, security interests or other encumbrances of any kind or character Lien on any of the Accounts Receivable, Company's or any of its subsidiaries' accounts receivable and no request or agreement for deduction or discount has been made with respect to any of the Accounts ReceivableCompany's or any of its subsidiaries' accounts receivable. (c) All C. Any and all of the inventories of the Company or any of its subsidiaries reflected on the Unaudited Balance Sheet Interim Financials and the Company's and any of its subsidiaries' books and records on the date hereof were purchased, acquired or produced in the ordinary and regular course Ordinary Course of the Company's business Business and in a manner consistent with the Company's or any of its subsidiaries' regular inventory practices and are set forth on the Company's and its subsidiaries' books and records in accordance with the practices and principles of the Company consistent with the method of treating said items in prior periods. None of the inventory of the Company or any of its subsidiaries reflected on the Unaudited Balance Sheet Interim Financials or on the Company's and its subsidiaries' books and records as of the date hereof (in either case net of the reserve therefor) is obsolete, defective or in excess of the needs of the business of the Company reasonably anticipated for the normal operation of the business consistent with its past practices and outstanding customer contracts. The presentation of inventory on the Unaudited Balance Sheet Year-End Financials and/or the Interim Financials conforms to Singapore GAAP and such inventory is stated at the lower of cost (determined using the first-in, first-out method) or net realizable value.

Accounts Receivable; Inventory. (a) Section 2.19 of the Disclosure Schedule includes The Company has made available to Parent a complete and accurate list of all accounts receivable of the Company's accounts receivable Company as reflected on the Unaudited Balance Sheet (the "ACCOUNTS RECEIVABLE")of September 30, 2003, together with a range of days elapsed since invoice (i.e., an aging report). (b) invoice. All of the Accounts Receivable Company’s accounts receivable arose in the ordinary course of the Company's business, are carried at values determined in accordance with Singapore GAAP consistently applied applied, and are reasonably believed by the Company to be collectible except to the extent of reserves therefor set forth in the Unaudited Current Balance Sheet or, for receivables arising subsequent to September 30, 2003, as reflected on the books and records of the Company (which are prepared in accordance with GAAP consistently applied and the reserve practices and methodology used in preparation of the Current Balance Sheet). No person has any liens, pledges, charges, claims, security interests or other encumbrances of any kind or character Lien on any of the Accounts Receivable, Company’s accounts receivable and no request or agreement for deduction or discount has been made with respect to any of the Accounts ReceivableCompany’s accounts receivable. (cb) All of the inventories of the Company reflected on the Unaudited Current Balance Sheet and the Company's ’s books and records on the date hereof were purchased, acquired or produced in the ordinary and regular course of the Company's business and in a manner consistent with the Company's ’s regular inventory practices and are set forth on the Company's ’s books and records in accordance with the practices and principles of the Company consistent with the method of treating said items in prior periods. None of the inventory of the Company or its subsidiaries reflected on the Unaudited Current Balance Sheet or on the Company's ’s books and records as of the date hereof (in either case net of the reserve therefor) is obsolete, defective or in excess of the needs of the business of the Company reasonably anticipated for the normal operation of the business consistent with its past practices and outstanding customer contracts. The presentation of inventory on the Unaudited Company Financials and Current Balance Sheet conforms conform to Singapore GAAP and such inventory is stated at the lower of cost (determined using the first-in, first-out method) or net realizable value.

Accounts Receivable; Inventory. (a) Section 2.19 of the Disclosure Schedule includes The Company has made available to Parent a complete and accurate list of all accounts receivable and notes receivable of the Company's accounts receivable Company as reflected on of the Unaudited date of the Current Balance Sheet (the "ACCOUNTS RECEIVABLE")Sheet, together with a range of days elapsed since invoice (i.e., an aging report)evidencing such accounts or the making of such notes which shall be included on Section 2.20(a) of the Disclosure Schedule. (b) All of the Accounts Receivable Company's accounts receivable and notes receivable arose in the ordinary course of the Company's business, are carried at values determined in accordance with Singapore GAAP consistently applied applied, and are collectible except to the extent of reserves therefor set forth in the Unaudited Current Balance Sheet or, for any such receivables arising subsequent to the date of the Current Balance Sheet, as reflected on the books and records of the Company (which are prepared in accordance with GAAP consistently applied). No person or entity has any liens, pledges, charges, claims, security interests or other encumbrances of any kind or character Lien on any of the Accounts Receivable, Company's accounts receivable or notes receivable and no request or agreement for deduction or discount has been made with respect to any of the Accounts ReceivableCompany's accounts receivable or notes receivable. (c) All of the inventories of the Company reflected on the Unaudited Balance Sheet Interim Financials and the Company's books and records on the date hereof were purchased, acquired or produced in the ordinary and regular course of the Company's business and in a manner consistent with the Company's regular inventory practices and are set forth on the Company's books and records in accordance with the practices and principles of the Company consistent with the method of treating said items in prior periods. None of the inventory of the Company reflected on the Unaudited Balance Sheet Interim Financials or on the Company's books and records as of the date hereof (in either case net of the reserve therefor) is obsolete, defective or in excess of the needs of the business of the Company reasonably anticipated for the normal operation of the its business consistent with its past practices and outstanding customer contracts. The presentation of inventory on the Unaudited Balance Sheet Interim Financials conforms to Singapore GAAP consistently applied and such inventory is stated at the lower of cost (determined using the first-in, first-out method) or net realizable value.

Accounts Receivable; Inventory. (a) Section 2.19 of the Disclosure Schedule includes a complete and accurate list of all of the Company's accounts receivable as reflected on the Unaudited Balance Sheet (the "ACCOUNTS RECEIVABLE"), together with a range of days elapsed since invoice (i.e., an aging report). (b) All of the Accounts Receivable arose in the ordinary course of the Company's business, are carried at values determined in accordance with Singapore Japanese GAAP consistently applied and, to the knowledge of the Company and the Principal Securityholders, are collectible except to the extent of reserves therefor set forth in the Unaudited Balance Sheet. No person has any liens, pledges, charges, claims, security interests or other encumbrances of any kind or character Lien on any of the Accounts Receivable, and no request or agreement for deduction or discount has been made with respect to any of the Accounts Receivable. (c) All of the inventories of the Company reflected on the Unaudited Balance Sheet and the Company's books and records on the date hereof were purchased, acquired or produced in the ordinary and regular course of the Company's business and in a manner consistent with the Company's regular inventory practices and are set forth on the Company's books and records in accordance with the practices and principles of the Company consistent with the method of treating said items in prior periods. None of the inventory of the Company reflected on the Unaudited Balance Sheet or on the Company's books and records as of the date hereof (in either case net of the reserve therefor) is obsolete, defective or in excess of the needs of the business of the Company reasonably anticipated for the normal operation of the business consistent with its past practices and outstanding customer contracts. The presentation of inventory on the Unaudited Balance Sheet conforms to Singapore Japanese GAAP and such inventory is stated at the lower of cost (determined using the first-in, first-out method) or net realizable value.