Collectability of Accounts Receivable. The Accounts Receivable are good and collectible at the aggregate recorded amounts, except to the extent of any reserves and allowances for doubtful accounts taken in accordance with GAAP and provided for such Accounts Receivable in the Books and Records or as set forth on Schedule 3.1(s), and are not subject to any defence, counterclaim or set off.
Collectability of Accounts Receivable. All accounts receivable included in the Company Financial Statements, net of any reserves for losses as reflected thereon, and net of costs, which costs shall not exceed $15,000 in the aggregate, are fully collectible in cash within three (3) months from the date hereof, with the exception of financed accounts receivable which by their terms are not payable in full within such three-month period ("Collectible Accounts Receivable"). All accounts receivable which cannot be fully collectable in cash within three (3) months from the date hereof with the exception of accounts receivable which by their term are not payable in full within such three month period are uncollectable accounts receivable ("Uncollectable Accounts Receivable"). Credits, returns and rebates shall not constitute payment of accounts receivable. (In determining whether there has been any nonpayment of any Account Receivable, all payments received from any account debtor shall, unless otherwise specified by such account debtor, be first applied to the oldest outstanding account Receivable of such account debtor until all accounts receivable of such account debtor have been paid in full.)
Collectability of Accounts Receivable. Taking into consideration the Caveat, all of the accounts receivable of the Company shown or reflected on the Base Balance Sheet or existing at the Execution Date (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims. Except for any Matter from the Prior Period, the Company has no accounts or loans receivable from any person, firm or corporation which is affiliated with the Company or from any director, officer or employee of the Company, except as disclosed on Schedule 2.8, and all accounts and loans receivable from any of these persons, firms or corporations shall be paid in cash prior to the Closing.
Collectability of Accounts Receivable. To the knowledge of the Corporation and the Shareholders, the Accounts Receivable are good and collectible at the aggregate recorded amounts within one hundred and eighty (180) days from the Closing Date, except to the extent of any reserves and allowances for doubtful accounts provided for such Accounts Receivable to be set out in the Financial Statements of the Corporation, and are not subject to any defence, counterclaim or set off.
Collectability of Accounts Receivable. All accounts receivable, book debts and other debts due or accruing to the Corporation are bona fide and to the best knowledge and belief of the Vendor and the Corporation, are good and collectible at the aggregate recorded amounts thereof (subject to no defence, counterclaim or set off) and, in respect of those having an age of not more than 120 days past due, having a value of at least Three Hundred Twenty Thousand Dollars ($320,000) as at the Closing Time.
Collectability of Accounts Receivable. The accounts receivable as shown on the Financial Statements and Interim Financial Statements of Cable Systems and Cable Systems USA are collectible to within the full amount less the reserve shown on the Financial Statements and Interim Financial Statements..
Collectability of Accounts Receivable. The ICC Accounts Receivable are good and collectible at the aggregate recorded amounts, except to the extent of any reserves and allowances for doubtful accounts provided for such ICC Accounts Receivable in the ICC Books and Records, and are not subject to any defence, counterclaim or set off.
Collectability of Accounts Receivable. Except as set forth in Section 3.11 of the Disclosure Schedule, all existing accounts receivable of the Company (including those accounts receivable reflected on the Interim Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the date of the Interim Balance Sheet and have not yet been collected) (i) represent valid obligations of customers of the Company arising from bona fide transactions entered into in the ordinary course of business and (ii) are current, valid and enforceable and will be collected in full when due, without any counterclaim or set off. The Company has no accounts or loans receivable from any Person which is affiliated with the Company or from any director, officer or employee of the Company.
Collectability of Accounts Receivable. All of the accounts receivable of the Affiliated Companies arose out of bona fide sales and deliveries of goods, performance of services or other business transactions and are valid and enforceable claims not subject to any setoffs or counterclaims and will be collectible in accordance with their terms within ninety (90) days of the Closing Date. The Affiliated Companies have no accounts or loans receivable from any person, firm or corporation which is affiliated with the Affiliated Companies or from any director, officer or employee of the Affiliated Companies, or from any of their respective spouses or family members (excluding travel advances).
Collectability of Accounts Receivable. All existing accounts receivable of the Company (including those accounts receivable reflected on the Base Balance Sheet that have not yet been collected and those accounts receivable that have arisen since the date of the Base Balance Sheet and have not yet been collected) (i) represent valid obligations of customers of the Company arising from bona fide transactions entered into in the ordinary course of business and (ii) are current, valid and enforceable and will be collected in full when due, consistent with historical client collection patterns, without any counterclaim or set off, subject to bad debt reserves in the amounts set forth in the Financial Statements. The Company has no accounts or loans receivable from any person which is affiliated with the Company or from any director, officer or employee of the Company, other than those loans receivable set forth on Schedule 2.10(h).
