Debts owed to the Company. (i) The Company does not own the benefit of any debt (whether present or future) other than debts which have accrued to it in the ordinary course of business.
(ii) All debts owed to the Company are collectable in the ordinary course of business and each such debt will realise in full its face value within three months of its due date for payment.
(iii) The debts owing to the Company shown in the Accounts (subject to any provision for bad and doubtful debts made in the Accounts, as the case may be) were paid in full on their due dates or, if any such debts are not yet due, each such debt is not now regarded by the Company or by the Vendor as irrecoverable in whole or in part.
Debts owed to the Company. (a) There are no debts owing to the Company other than trade debts incurred in the ordinary and usual course of business (none of which exceeds INR 1,00,000 (Rupees One Lakhs) and which do not exceed INR 5,00,000 (Rupees Five Lakhs) in aggregate).
(b) The book debts shown in the Accounts have or will realise within a period of four months from the Accounts Date their nominal amount less any specific provision for bad or doubtful debts included in such Accounts. The book debts incurred and owed to the Company in relation to its Business since the Accounts Date and which are outstanding as at the date hereof will realise within 3 (Three) months from the date of incurrence their nominal amount.
Debts owed to the Company. Except for allowances for bad debts reflected in the Unaudited Combined Results, all debts owed to the Company are collectable in the ordinary course of business and so far as the Principal Sellers are aware without having made enquiry of any creditors each such debt will realise in full its face value within four months of its due date for payment. The Company does not own the benefit of any debt (whether present or future) other than debts which have accrued to it in the ordinary course of business.
Debts owed to the Company. The Company has not lent any money which is due to be repaid and as at the date of this Agreement has not been repaid to it and the Company does not own the benefit of any debt (whether trading or otherwise) save as set out in the Disclosure Letter. For the avoidance of doubt, the Company shall not have any Inter-Company Debt after Closing, save for the Excluded Inter-Company Debt and Day-to-Day Inter-Company Debt Balances.
Debts owed to the Company. All debts owed to the Company are collectable in the ordinary course of business and, so far as the Warrantor’s are aware (without making any enquiries outside the Amarin Group), each such debt will realise in full its face value within three months of its due date for payment. The Company and the Warrantors consider none of the debts owing to the Company (but which are not yet due) to be irrecoverable in whole or in part. The Company does not own the benefit of any debt (whether present or future) other than debts which have accrued to it in the ordinary course of business. The debts owing to the Company shown in the Company’s 2002 Accounts (subject to any provision for bad or doubtful debts made in the Accounts) were paid in full.
Debts owed to the Company. All debts owed to the Company are collectable in the ordinary course of business and each such debt will so far as the Seller is aware realise in full its face value within three months of its due date for payment. The Company owns the benefit of no debt (whether present or future) other than debts that have accrued to it in the ordinary course of business.
Debts owed to the Company. All debts owed to the Company are collectable in the ordinary course of business and each such debt will realise in full its face value within three months of its due date for payment. The Company and the Sellers consider none of the debts owing to the Company (but which are not yet due) to be irrecoverable in whole or in part. The Company does not own the benefit of any debt (whether present or future) other than debts which have accrued to it in the ordinary course of business. The debts owing to the Company shown in the Accounts (subject to any provision for bad or doubtful debts made in the Accounts) were paid in full on their due dates.
Debts owed to the Company. 5.1.1 There are no debts owing to the Company other than:
(a) those debts specified in the Disclosure Letter and
(b) trade debts incurred in the ordinary and usual course of business which do not exceed (pound)270,000 in aggregate and none of which exceeds (pound)25,000.
5.1.2 None of the book debts included in the Accounts as owing to the Company have been realised for an amount less than the value at which they were included in the Accounts. All debts owing to the Company at Completion are the absolute property of the Company and are not the subject of any assignment, factoring agreement or other encumbrance and such book debts will (save insofar as a specific provision has been made in the Accounts therefor) be good and collectable in the ordinary course of business and in any event not later than three months after Completion.
