Bank Accounts and Receivables. Section 3.11 of the Target Disclosure Schedule sets forth the names and locations of all banks, trust companies, savings and loan associations, and other financial institutions at which Target maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Section 3.11 of the Target Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of Target as of the date of the Target Balance Sheet. Except as set forth on the Target Disclosure Schedule, all existing accounts receivable of Target (including those accounts receivable reflected on the Target Financial Statements that have not yet been collected and those accounts receivable that have arisen since September 30, 1999 and have not yet been collected) (i) represent valid obligations of customers of Target arising from bona fide transactions entered into in the ordinary course of business, and (ii) will, to the knowledge of Target, be collected in full when due, without any counterclaim or setoff, net of allowances therefor included in the Target Balance Sheet.
Bank Accounts and Receivables of the MCI Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which MCI maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom.
Bank Accounts and Receivables. The NSA and NetSoft Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which either NSA or NetSoft maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. The NSA and NetSoft Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of NetSoft as of May 31, 1997. Except as set forth on the NSA and NetSoft Disclosure Schedule, all existing accounts receivable of NetSoft (including those accounts receivable reflected on the NSA and NetSoft Unaudited Financials that have not yet been collected and those accounts receivable that have arisen since May 31, 1997 and have not yet been collected) (a) represent valid obligations of customers of NetSoft arising from bona fide transactions entered into in the ordinary course of business and (b) are current and will be collected in full when due, without any counterclaim or setoff (net of an allowance for doubtful accounts not to exceed Three Hundred Fifty Thousand Dollars ($350,000) in the aggregate and net of returns not to exceed Two Hundred Thousand Dollars ($200,000)). As of the date hereof NSA has no, and as of the Closing Date NSA will not have any, accounts receivable.
Bank Accounts and Receivables. The Company has made available to Parent on the Diligence Site accurate information with respect to each account maintained by or for the benefit of Company at any bank or other financial institution. Subject to applicable reserves for bad debts shown on the Interim Balance Sheet, or, with respect to accounts receivable arising after the Interim Balance Sheet Date, on the accounting records of the Company, all accounts and notes receivable reflected on the Interim Balance Sheet are (i) valid, genuine and subsisting, and (ii) to Company’s Knowledge, subject to no defenses, offsets or counterclaims and Company has received no written notice that any such receivable is not collectible.
Bank Accounts and Receivables. Section 3.11 of the Emusic Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan
Bank Accounts and Receivables. Section 2.10 of the CTL Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which CTL maintains accounts of any nature and the names of all Persons authorized to draw thereon or make withdrawals therefrom. Section 2.10 of the CTL Disclosure Schedule sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable and any other receivables of CTL as of December 31, 1997. Except as set forth in Section 2.10 of the CTL Disclosure Schedule, all existing accounts receivable of CTL (including those accounts receivable reflected on the CTL Financial Statements that have not yet been collected and those accounts receivable that have arisen since October 26, 1997 and have not yet been collected) (a) represent valid obligations of customers of CTL arising from bona fide transactions entered into in the ordinary course of business and (b) are current and to the knowledge of INTERCELL will be collected in full (net of reserves) when due, without any counterclaim or setoff.
Bank Accounts and Receivables. Part 3.11 of the FlowWise Disclosure Statement sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which FlowWise maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom. Part 3.11 of the FlowWise Disclosure Statement sets forth an accurate and complete breakdown and aging of all accounts receivable, notes receivable, and other receivables of FlowWise as of October 31, 1999. Except as set forth on Part 3.11 of the FlowWise Disclosure Statement all existing accounts receivable of FlowWise (including those accounts receivable reflected on the FlowWise unaudited financial statements that have not yet been collected and those accounts receivable that have arisen since October 31, 1999, and have not yet been collected) represent valid obligations of customers of FlowWise arising from bona fide transactions entered into in the ordinary course of business.
Bank Accounts and Receivables. Section 3.11 of the Nordic Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which Nordic maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom.
Bank Accounts and Receivables. Section 3.11 of the IUMA Disclosure Schedule sets forth the names and locations of all banks, trusts, companies, savings and loan associations, and other financial institutions at which IUMA maintains accounts of any nature and the names of all persons authorized to draw thereon or make withdrawals therefrom.
Bank Accounts and Receivables. The Company has provided to Purchaser accurate information with respect to each account maintained by or for the benefit of Company at any bank or other financial institution. Subject to applicable reserves for bad debts shown on the Interim Balance Sheet, as such reserves are adjusted from the date thereof in the ordinary course of business, all accounts and notes receivable reflected on the Interim Balance Sheet are, and all accounts and notes receivable subsequently accruing will be, (i) valid, genuine and subsisting, (ii) subject to no known defenses, set-offs or counterclaims, and (iii) to the knowledge of the Company, current and collectible.
