Balance Sheet Reserves. The reserves for accounts receivable reflected in the most recent audited balance sheet of the Company have been established in accordance with GAAP and such reserves, taken as a whole, based on the Company's experience, are adequate to cover any losses relating to collectibility of accounts receivable.
Appears in 4 contracts
Samples: Agreement and Plan of Merger (Duty Free International Inc), Agreement and Plan of Merger (Baa PLC /Fi), Agreement and Plan of Merger (Duty Free International Inc)