Common use of Accounts Receivable Clause in Contracts

Accounts Receivable. All of the accounts receivable of the Company that are reflected on the Company Financial Statements or the accounting records of the Company as of the Closing (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 52 contracts

Samples: Agreement and Plan of Merger (Synergy CHC Corp.), Exchange Agreement (Golden Sand Holdings Corp), Share Exchange Agreement (Optimus Healthcare Services, Inc.)

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Accounts Receivable. All of the accounts receivable of the Company that are reflected on in the Company Financial Statements or the accounting records of the Company as of the Closing Date (collectively, the “Company Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Company Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 11 contracts

Samples: Share Exchange Agreement (Peregrine Industries Inc), Share Exchange Agreement (Greater Cannabis Company, Inc.), Stock Exchange Agreement

Accounts Receivable. All of the accounts receivable of each of the Existing Company Entities that are reflected on the Company Financial Statements or the accounting records of the such Existing Company Entity as of the Closing Date (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 4 contracts

Samples: Agreement and Plan of Share Exchange (Yubo International Biotech LTD), Agreement and Plan of Share Exchange (Yubo International Biotech LTD), Share Exchange Agreement (First China Pharmaceutical Group, Inc.)

Accounts Receivable. All of the accounts receivable of the Company CHAMPION that are reflected on the Company CHAMPION’s Financial Statements or the accounting records of the Company CHAMPION as of the Closing (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 2 contracts

Samples: Share Exchange Agreement and Plan of Reorganization (Oicco Acquisition I, Inc.), Share Exchange Agreement and Plan of Reorganization (Oicco Acquisition I, Inc.)

Accounts Receivable. All of the accounts receivable of the Company Seller that are reflected on the Company Seller Financial Statements or the accounting records of the Company Seller as of the Closing (collectively, the "Accounts Receivable'') represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 2 contracts

Samples: Share Exchange Agreement (Big Time Holdings, Inc.), Share Exchange Agreement (Big Time Holdings, Inc.)

Accounts Receivable. All of the accounts receivable of the Company that are reflected on the Company Financial Statements or in the accounting records of the Company as of the Closing Date (collectively, the “Company Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Company Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 2 contracts

Samples: Asset Purchase Agreement (XcelMobility Inc.), Asset Purchase Agreement (Indo Global Exchange(s) Pte, Ltd.)

Accounts Receivable. All of the accounts receivable of each of the Existing Company Entities that are reflected on the Company Financial Statements or the accounting records of the such Existing Company Entity as of the Closing (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 1 contract

Samples: Share Exchange Agreement (GC China Turbine Corp.)

Accounts Receivable. All of the accounts receivable of the Company that are reflected on the Company Financial Statements or the accounting records of the Company as of the Closing (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The To the Knowledge of the Company, the Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 1 contract

Samples: Indemnification Agreement (Oryon Holdings, Inc.)

Accounts Receivable. All of the accounts receivable of the Company that are reflected on in the Company Financial Statements or the accounting records of the Company as of the Closing Date (collectively, the "Company Accounts Receivable") represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business business, and are not subject to any defenses, counterclaims, or rights of set off off, other than those arising in the ordinary course of business and for which adequate reserves have been established. The Company Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 1 contract

Samples: Share Exchange Agreement (Vortex Blockchain Technologies Inc.)

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Accounts Receivable. All of the accounts receivable of the Company that are reflected on the Company Financial Statements or the accounting records of the Company as of the Closing (collectively, the “Accounts Receivable”"ACCOUNTS RECEIVABLE") represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 1 contract

Samples: Share Exchange Agreement (SeaOspa Inc)

Accounts Receivable. All of the accounts receivable of the Company that are reflected on the Company Financial Statements or the accounting records of the Company as of the Closing Date (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 1 contract

Samples: Stock Purchase Agreement (XcelMobility Inc.)

Accounts Receivable. All of the accounts receivable of the Company that are reflected on the most recent balance sheet included in the Company Financial Statements or the accounting records of the Company as of the Closing (collectively, the “Accounts Receivable”) represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shownshown or on the accounting records of the Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Inventtech Inc.)

Accounts Receivable. All of the accounts receivable of the Company that are reflected on in the Company Financial Statements or the accounting records of the Company as of the Closing Date (collectively, the “Accounts Receivable”"COMPANY ACCOUNTS RECEIVABLE") represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Company Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 1 contract

Samples: Share Exchange Agreement (Vacation Home Swap, Inc.)

Accounts Receivable. All of the accounts receivable of the Company that are reflected on the Company Financial Statements or the accounting records of the Company as of the Closing (collectively, the "Accounts Receivable") represent or will represent valid obligations arising from sales actually made or services actually performed in the ordinary course of business and are not subject to any defenses, counterclaims, or rights of set off other than those arising in the ordinary course of business and for which adequate reserves have been established. The Accounts Receivable are fully collectible to the extent not reserved for on the balance sheet on which they are shown.

Appears in 1 contract

Samples: Escrow Agreement (Avant Diagnostics, Inc)

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