Common use of Accounts Receivable; Inventory Clause in Contracts

Accounts Receivable; Inventory. Except as set forth on Schedule 3.25, the Company's accounts receivable represent valid claims, and no counterclaims or offsetting claims with respect to such receivables are pending or, to the Knowledge of the Company or the Shareholders, threatened, except for amounts reserved in the Company Financial Statements against such receivables for allowances and discounts, and, usually, substantially all such accounts receivable are collectible in the ordinary course of business within ninety (90) days of the Closing. The Company has no inventory on its balance sheet.

Accounts Receivable; Inventory. Except as set forth on Schedule 3.253.24, the Company's accounts receivable represent valid claims, and no counterclaims or offsetting claims with respect to such receivables are pending or, to the Knowledge of the Company or and the Shareholders, threatened, except for amounts reserved in the Company Financial Statements against such receivables for allowances and discounts, and, usuallyto the Knowledge of the Company and the Shareholders, substantially all such accounts receivable are collectible in the ordinary course of business within ninety (90) days of the Closing. The Company has no inventory on its balance sheet.

Accounts Receivable; Inventory. Except as set forth on Schedule 3.25, the Company's accounts receivable as of the Closing represent valid claims, and no counterclaims or offsetting claims with respect to such receivables are pending or, to the Knowledge of the Company or the Shareholders, threatened, except for any amounts reserved in the Company Financial Statements against such receivables for allowances and discounts, and, usuallyto the knowledge of the Founding Stockholders, substantially all such accounts receivable are collectible in the ordinary course of business within ninety (90) days of the Closing. The Company has no inventory on its balance sheet.

Accounts Receivable; Inventory. Except as set forth on Schedule 3.25, the Company's accounts receivable represent valid claims, and no counterclaims or offsetting claims with respect to such receivables are pending or, to the Knowledge of the Company or the Shareholders, threatened, except for amounts reserved in the Company Financial Statements against such receivables for allowances and discounts, and, usually, substantially and all such accounts receivable are collectible in the ordinary course of business within ninety one hundred eighty (90180) days of the ClosingClosing subject to such reserves. The Company has no inventory on its balance sheetsheet in excess of $5,000.