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: Merger Agreement (Baa PLC /Fi), Merger Agreement (Duty Free International Inc), Merger Agreement (Duty Free International Inc)
