Collectibility of Accounts Receivable. All of the Accounts Receivable of Seller are or will be as of the Closing Date bona fide, valid and enforceable claims, subject to no setoff or counterclaim and to Seller's knowledge are collectible in accordance with their terms. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, or from any of their respective spouses or family members.
Collectibility of Accounts Receivable. All of the accounts and notes ------------------------------------- receivable of the Companies or any Subsidiary shown or reflected on the Base Balance Sheet or existing at the date hereof (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. Neither Company nor any Subsidiary has any accounts or loans receivable from any person, firm or corporation which is affiliated with either Company or any Subsidiary or from any director, officer or employee of either Company or any Subsidiary, except as disclosed in Schedule 2.12 attached hereto, and all ------------- accounts and loans receivable of Amerivend from any such person, firm or corporation shall be paid in cash prior to the Closing, or shall be included in indebtedness of Amerivend in accordance with Section 1.03 hereof.
Collectibility of Accounts Receivable. The Accounts Receivable are good and collectible at the aggregate recorded amounts, except to the extent of any reserves provided for such accounts in the Books and Records and to be provided for in the Balance Sheet, and are not subject to any defence, counterclaim or set off.
Collectibility of Accounts Receivable. All of the accounts receivable ------------------------------------- of the Sellers (less the reserve for bad debts set forth on the Base Balance Sheet) are valid and enforceable claims, are not subject to set-off or counterclaim, provided that, except to the extent provided for in Sections 1.3 and 5.3, the foregoing representation is not a guarantee of collectibility. Sellers have no accounts receivable or loans receivable from any person, firm or corporation which is affiliated with Sellers or from any stockholder, member, manager, director, officer or employee of Sellers or any affiliates thereof. Schedule 2.8 lists the accounts receivable of the Sellers as of March 31, 2000. ------------
Collectibility of Accounts Receivable. The Accounts Receivable are bona fide, good and collectible at the aggregate recorded amounts within 120 days of the Closing Date, except to the extent of any reserves provided for such accounts in the Books and Records of the Corporation, which reserves have been established in accordance with generally accepted accounting principles and are adequate. The Accounts Receivable are not subject to any defence, counterclaim or set off.
Collectibility of Accounts Receivable. All of the accounts receivable of Seller (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, except as disclosed on Schedule 2.09, and all accounts and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
Collectibility of Accounts Receivable. All of the accounts ------------------------------------- receivable of the Company shown or reflected on the Base Balance Sheet or existing at the date hereof (less the reserve for bad debts set forth on the Base Balance Sheet) are or will be at the Closing valid and enforceable claims, fully collectible and subject to no setoff or counterclaim. The Company does not have any 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 in Schedule 2.12 attached hereto, and all accounts ------------- and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
Collectibility of Accounts Receivable. All of the accounts receivable of the Company shown or reflected on the Company's balance sheet as of June 30, 1997, included as part of Schedule 3.8, or existing at the date this representation is given (less the reserve for bad debts set forth on the Company's balance sheet as of June 30, 1997 included as part of Schedule 3.8 are and will be at the Closing, valid and enforceable claims, fully collectible and subject to no set off or counterclaim. The Company does not have any accounts or loans receivable from any person, firm or corporation or other entity which is affiliated with the Company or from any director, officer, stockholder, member or employee of the Company except as disclosed in Schedule 3.10 hereto.
Collectibility of Accounts Receivable. The accounts receivable of Borrowers which are shown on the August 31, 1999 balance sheet or thereafter acquired by Borrowers are good and collectible at the aggregate recorded amounts thereof (subject to no defense, counterclaim or set-off) except to the extent of the reserves provided for such receivables on such balance sheet and all such accounts receivable arose in the normal course of the business of Borrowers.
Collectibility of Accounts Receivable. All of the accounts receivable of Seller (less the reserve for bad debts) are or will be at the Closing valid and enforceable claims, fully collectible (to the knowledge of Seller and Stockholder) and subject to no set off or counterclaim and do not relate to sales pursuant to which the Seller is potentially obligated, following the Closing, to (a) accept the return of products sold, (b) provide any additional services or (c) grant any payment terms not in the ordinary course of business. Seller has no accounts or loans receivable from any person, firm or corporation which is affiliated with Seller or from any director, officer or employee of Seller, except as disclosed on Schedule 2.9, and all accounts and loans receivable from any such person, firm or corporation shall be paid in cash prior to the Closing.
