Common use of Bank Accounts; Receivables Clause in Contracts

Bank Accounts; Receivables. (a) Part 2.7(a) of the Company Disclosure Schedule provides accurate information as of the date of this Agreement with respect to each account maintained by or for the benefit of the Company or any Company Subsidiary at any bank or other financial institution, including the name of the bank or financial institution, the account number, the balance as of a recent, practicable date and the names of all individuals authorized to draw on or make withdrawals from such accounts. (b) Part 2.7(b) of the Company Disclosure Schedule provides an accurate and complete breakdown and aging of all accounts receivable, notes receivable and other receivables (other than, in each case, receivables that have been outstanding in excess of 5 years as of the date of this Agreement), in each case in excess of $25,000, of the Company and each Company Subsidiary as of January 19, 2007. Except to the extent reflected in reserves provided for on the Balance Sheet, as of the date of this Agreement all existing accounts receivable of the Company and each Company Subsidiary (including those accounts receivable reflected on the Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the date of the Balance Sheet and have not yet been collected) (i) represent valid obligations of customers of the Company or the Company Subsidiaries arising from bona fide transactions, and (ii) are current and are expected by the CFO of the Company to be collected in full when due, without any counterclaim or set off.

Bank Accounts; Receivables. (a) Part 2.7(a) of the Company Disclosure Schedule provides accurate information accurately sets forth the account number, bank or financial institution, authorized signators and account balance (as of the business day immediately prior to the date of this Agreement Agreement) with respect to each account maintained by or for the benefit of the Company or any Company Subsidiary at any bank or other financial institution, including and identifies the name securities or other interests held in such accounts (as of the bank or financial institution, business day immediately prior to the account number, date of the balance as of a recent, practicable date and the names of all individuals authorized to draw on or make withdrawals from such accountsAgreement). (b) Part 2.7(b) of the Company Disclosure Schedule provides an accurate and complete accurately sets forth a breakdown and aging of all accounts receivable, notes receivable and other receivables (other than, in each case, receivables that have been outstanding in excess of 5 years as of the date of this Agreement), in each case in excess of $25,000, of the Company and each Company Subsidiary as of January 19March 31, 20072001. Except to the extent reflected as set forth in reserves provided for on the Balance Sheet, as Part 2.7(b) of the date of this Agreement Disclosure Schedule, all existing accounts receivable of the Company and each Company Subsidiary (including those accounts receivable reflected on the Unaudited Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the date of the Balance Sheet March 31, 2001, and have not yet been collected) (i) represent valid obligations of customers of the Company or the Company Subsidiaries arising from bona fide transactionstransactions entered into in the ordinary course of business, and (ii) are current and are expected by the CFO of the Company to will be collected in full when duefull, without any counterclaim or set offoff (net of an allowance for doubtful accounts not to exceed $100,000 in the aggregate).

Bank Accounts; Receivables. (a) Part 2.7(a2.10(a) of the Company Disclosure Schedule provides accurate information as of the date of this Agreement with respect to each account maintained by or for the benefit names and locations of all banks and other financial institutions at which the Company or any Company Subsidiary at maintains accounts of any bank or other financial institution, including the name of the bank or financial institution, the account number, the balance as of a recent, practicable date nature and the names of all individuals persons authorized to draw on thereon or make withdrawals from such accountstherefrom. (b) Part 2.7(b2.10(b) of the Company Disclosure Schedule provides an accurate and complete breakdown and aging of all accounts receivable, notes receivable and other receivables (other than, in each case, receivables that have been outstanding in excess of 5 years as of the date of this Agreement), in each case in excess of $25,000, of the Company and each Company Subsidiary as of January 19November 11, 20072008. Except to the extent reflected as set forth in reserves provided for on the Balance Sheet, as Part 2.10(b) of the date of this Agreement Company Disclosure Schedule, all existing accounts receivable of the Company and each Company Subsidiary (including those accounts receivable reflected on the Company Unaudited Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the date of the Interim Balance Sheet Date and have not yet been collected) (i) represent valid obligations of customers of the Company or the Company Subsidiaries arising from bona fide transactions, transactions entered into in the ordinary course of business and (ii) are current and are expected by the CFO of the Company to will be collected in full when due, without any counterclaim or set offoff (net of the allowance for doubtful accounts specified in the Company Unaudited Interim Balance Sheet).

Bank Accounts; Receivables. (a) Part 2.7(a2.10(a) of the Company Disclosure Schedule provides accurate information as of the date of this Agreement with respect to each account maintained by or for the benefit names and locations of all banks and other financial institutions at which the Company or any Company Subsidiary at maintains accounts of any bank or other financial institution, including the name of the bank or financial institution, nature and the account number, the balance as of a recent, practicable date numbers thereof and the names of all individuals persons authorized to draw on thereon or make withdrawals from such accountstherefrom. (b) Part 2.7(b2.10(b) of the Company Disclosure Schedule provides an accurate and complete breakdown and aging of all accounts receivable, notes receivable and other receivables (other than, in each case, receivables that have been outstanding in excess of 5 years as of the date of this Agreement), in each case in excess of $25,000, of the Company and each Company Subsidiary as of January 19September 4, 20072009. Except to the extent reflected as set forth in reserves provided for on the Balance Sheet, as Part 2.10(b) of the date of this Agreement Company Disclosure Schedule, all existing accounts receivable of the Company and each Company Subsidiary (including those accounts receivable reflected on the Company Unaudited Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the date of the Interim Balance Sheet Date and have not yet been collected) (i) represent valid obligations of customers of the Company or the Company Subsidiaries arising from bona fide transactions, transactions entered into in the ordinary course of business and (ii) are current and are expected by the CFO of the Company to will be collected in full when due, without any counterclaim or set offoff (net of the allowance for doubtful accounts specified in the Company Unaudited Interim Balance Sheet).