Common use of Accounts Receivable/Payable Clause in Contracts

Accounts Receivable/Payable. The Balance Sheet reflects the amount, as of the Balance Sheet Date and determined in conformity with GAAP and the past practices employed by Seller, of the Division's (i) accounts receivable, net of allowances for uncollectible and doubtful amounts ("Accounts Receivable") and (ii) current accounts payable and current accrued liabilities (other than the current portion of long-term debt) ("Accounts Payable"). Exhibit 3.16 contains a true and accurate (i) summary list of all Accounts Receivable, (ii) summary list of all Accounts Payable and (iii) statement of the working capital of the Division as of the Balance Sheet Date. The Division maintains its accounting records in sufficient detail to substantiate the accounts receivable reflected on the Balance Sheet and has given and will give to Purchaser full and complete access to those records, including the right to make copies therefrom. Since the Balance Sheet Date, neither Seller nor the Division has changed any principle or practice with respect to the recordation of accounts receivable or the calculation of reserves therefor, or any material collection, discount or write-off policy or procedure. Accounts Receivable are recorded in amounts estimated to be net of contractual allowances related to third-party payor arrangements. Seller is in substantial compliance with the terms and conditions of such third-party payor arrangements, and the reserves established by Seller are adequate to cover any liability resulting from lack of compliance.

Accounts Receivable/Payable. The Balance Sheet reflects the amount, as of the Balance Sheet Date and determined in conformity with GAAP generally accepted accounting principles and the past practices employed by Seller, Company of the Division's Company s (i) accounts receivable, net of allowances for uncollectible and doubtful amounts ("( Accounts Receivable"Receivable ) and (ii) current accounts payable and current accrued liabilities (other than the current portion of long-term debt) ("( Accounts Payable"Payable ). Exhibit 3.16 2.16 contains a true and accurate (i) summary list statement of all Accounts Receivable, (ii) summary list statement of all Accounts Payable and (iii) statement of the working capital ( Working Capital ) of the Division Company as of the Balance Sheet Date. The Division Company maintains its accounting records in sufficient detail to substantiate the accounts receivable reflected on the Balance Sheet and has given and will give to Purchaser PRG Sub full and complete access to those records, including the right to make copies therefrom. Since the Balance Sheet Date, neither Seller nor the Division Company has not changed any principle or practice with respect to the recordation of accounts receivable or the calculation of reserves therefor, or any material collection, discount or write-write- off policy or procedure. Accounts Receivable are recorded in amounts estimated to be net of contractual allowances related to third-party payor arrangements. Seller The Company is in substantial compliance with the terms and conditions of such third-party payor arrangements, and the reserves established by Seller the Company are adequate to cover any liability resulting from lack of compliance. Following Closing, the administration of the collection of Accounts Receivable and the payment of Accounts Payable shall be as set forth in the Service Agreement.

Accounts Receivable/Payable. The Balance Sheet reflects the amount, as of the Balance Sheet Date and determined in conformity with GAAP generally accepted accounting principles and the past practices employed by Sellerthe Company, of the Division's Company s (i) accounts receivable, net of allowances for uncollectible and doubtful amounts ("( Accounts Receivable"Receivable ) and (ii) current accounts payable and current accrued liabilities (other than the current portion of long-term debt) ("( Accounts Payable"Payable ). Exhibit 3.16 2.16 contains a true and accurate (i) summary list statement of all Accounts Receivable, (ii) summary list statement of all Accounts Payable and (iii) statement of the working capital ( Working Capital ) of the Division Company as of the Balance Sheet Date. The Division Company maintains its accounting records in sufficient detail to substantiate the accounts receivable reflected on the Balance Sheet and has given and will give to Purchaser PRG Sub full and complete access to those records, including the right to make copies therefrom. Since the Balance Sheet Date, neither Seller nor the Division Company has not changed any principle or practice with respect to the recordation of accounts receivable or the calculation of reserves therefor, or any material collection, discount or write-write- off policy or procedure. Accounts Receivable are recorded in amounts estimated to be net of contractual allowances related to third-party payor arrangements. Seller The Company is in substantial compliance with the terms and conditions of such third-party payor arrangements, and the reserves established by Seller the Company are adequate to cover any liability resulting from lack of compliance. Following Closing, the administration of the collection of Accounts Receivable and the payment of Accounts Payable shall be as set forth in Section 7.3(c) of the Service Agreement.

Accounts Receivable/Payable. The Balance Sheet reflects the amount, --------------------------- as of the Balance Sheet Date and determined in conformity with GAAP and the past practices employed by Seller, of the Division's (i) accounts receivable, net of allowances for uncollectible and doubtful amounts ("Accounts Receivable") and (ii) current accounts payable and current accrued liabilities (other than the current portion of long-term debt) ("Accounts Payable"). Exhibit 3.16 contains ------------ a true and accurate (i) summary list of all Accounts Receivable, (ii) summary list of all Accounts Payable and (iii) statement of the working capital of the Division as of the Balance Sheet Date. The Division maintains its accounting records in sufficient detail to substantiate the accounts receivable reflected on the Balance Sheet and has given and will give to Purchaser full and complete access to those records, including the right to make copies therefrom. Since the Balance Sheet Date, neither Seller nor the Division has changed any principle or practice with respect to the recordation of accounts receivable or the calculation of reserves therefor, or any material collection, discount or write-write- off policy or procedure. Accounts Receivable are recorded in amounts estimated to be net of contractual allowances related to third-party payor arrangements. Seller is in substantial compliance with the terms and conditions of such third-third- party payor arrangements, and the reserves established by Seller are adequate to cover any liability resulting from lack of compliance.