Inventories; Receivables; Payables. (a) The inventories of the Purchaser are in good and marketable condition, and are saleable in the ordinary course of business. Adequate reserves have been reflected in the Balance Sheet for obsolete or otherwise unusable inventory, which reserves were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied.
(b) All accounts receivable of the Purchaser have arisen from bona fide transactions in the ordinary course of business consistent with past practice. All accounts receivable of the Purchaser reflected on the Balance Sheet are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts reflected thereon, which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied. All accounts receivable arising after the Balance Sheet Date are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts, which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied.
(c) All accounts payable of the Purchaser reflected in the Balance Sheet or arising after the date thereof are the result of bona fide transactions in the ordinary course of business and have been paid or are not yet due and payable.
Inventories; Receivables; Payables. (i) The inventories (after deducting the reserve accounts as shown on the Company's financial statements) of the Company and the Subsidiary are in good and marketable condition, and are saleable in the ordinary course of business. Adequate reserves have been reflected on the most recent balance sheet included in the Company SEC Documents and, after the date of the most recent balance sheet included in the Company SEC Documents, will be reflected on the books of the Company, for shorts, drops, off-cuts, obsolete or otherwise unusable inventory, which reserves were calculated in accordance with GAAP consistently applied.
(ii) All accounts receivable of the Company and the Subsidiary have arisen from bona fide transactions in the ordinary course of business. All accounts receivable of the Company and the Subsidiary reflected on the most recent balance sheet included in the Company SEC Documents are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts reflected thereon, which reserves are adequate and were calculated in accordance with GAAP consistently applied. All accounts receivable arising after the date of the most recent balance sheet included in the Company SEC Documents are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts, which reserves are adequate and were calculated in accordance with GAAP consistently applied.
(iii) All accounts payable of the Company and the Subsidiary reflected on the most recent balance sheet included in the Company SEC Documents or arising after the date thereof are the result of bona fide transactions in the ordinary course of business and have been paid or are not yet overdue within their agreed-upon payment terms.
Inventories; Receivables; Payables. (a) The inventories of ChannelHealth are in good and marketable condition, and are saleable in the ordinary course of business, subject to the reserves as described in the following sentence. Adequate reserves have been reflected in the Balance Sheet for shorts, drops, off-cuts, obsolete or otherwise unusable inventory, which reserves were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied.
(b) All accounts receivable of ChannelHealth have arisen from bona fide transactions in the ordinary course of business consistent with past practice. All accounts receivable of ChannelHealth reflected on the Balance Sheet are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts reflected thereon, which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied. All accounts receivable arising after the Balance Sheet Date are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts, which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied.
Inventories; Receivables; Payables. (i) The Buyer has no inventories or accounts receivable.
(ii) All accounts payable of the Buyer reflected in the Commission Documents or arising after the date thereof are the result of bona fide transactions in the ordinary course of business and have been paid or are not yet due and payable.
Inventories; Receivables; Payables. (a) The inventories of DES and FMS are in good and marketable condition, and are saleable in the ordinary course of business. All inventories owned by DES and FMS have been purchased in the ordinary course of business and consistent with anticipated requirements of their respective businesses. Adequate reserves have been reflected in the Balance Sheet for obsolete or otherwise unusable inventory, which reserves were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied.
(b) All accounts receivable of DES and FMS have arisen from bona fide transactions in the ordinary course of business consistent with past practice. All accounts receivable of DES and FMS reflected on the Balance Sheet are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts reflected thereon,
(c) which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied. All accounts receivable arising after the Balance Sheet Date are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts, which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied.
(d) All accounts payable of DES and FMS reflected in the Balance Sheet or arising after the date thereof are the result of bona fide transactions in the ordinary course of business and have been paid or are not yet due and payable.
Inventories; Receivables; Payables. (a) The inventories of the Seller are in good and marketable condition, and are saleable in the ordinary course of business.
(b) All accounts receivable of the Seller has arisen from bona fide transactions in the ordinary course of business consistent with past practice. All accounts receivable of the Seller reflected on the Seller Balance Sheet are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts reflected thereon, which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied. All accounts receivable arising after the Seller Balance Sheet Date are good and collectible at the aggregate recorded amounts thereof, net of any applicable reserve for returns or doubtful accounts, which reserves are adequate and were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied. The parties agree and acknowledge that Purchaser’s sole remedy for a breach of this representation and warranty shall be to require Seller to repurchase uncollected accounts receivable as per Section 1.4(b)(ii) hereof.
(c) All accounts payable of the Seller reflected in the Seller Balance Sheet or arising after the date thereof are the result of bona fide transactions in the ordinary course of business and have been paid or are not yet due and payable.
Inventories; Receivables; Payables. (a) The inventories of the Seller related to the Business are in good and marketable condition, and are saleable in the ordinary course of business. Schedule 3.20 sets forth the reserves that have been reflected in the Balance Sheet by the Seller for shorts, drops, off-cuts, obsolete or otherwise unusable inventory in connection with the Business, which reserves were calculated in a manner consistent with past practice.
(b) All accounts receivable of the Business reflected in the Balance Sheet sheet or arising after the date thereof have arisen from bona fide transactions in the ordinary course of business consistent with past practice.
(c) All accounts payable of the Business reflected in the Balance Sheet or arising after the date thereof are the result of bona fide transactions in the ordinary course of business.
Inventories; Receivables; Payables. 26 SECTION 4.23 RELATED PARTY TRANSACTIONS.................................27 SECTION 4.24 CUSTOMERS, SUPPLIERS AND SALES REPRESENTATIVES.............27 SECTION 4.25
Inventories; Receivables; Payables. The inventories of the Company and its Subsidiaries are in good and marketable condition in all material respects, and are saleable in all material respects in the ordinary course of business except for shorts, obsolete or otherwise unusable inventory, for which adequate reserves have been reflected in the most recent financial statements contained in the SEC Filings or the Management Accounts, in accordance with GAAP consistently applied.
Inventories; Receivables; Payables. Except as set forth in Schedule 4.21:
4.21.1 The inventories of the Company and its Subsidiary are in good and marketable condition, and are usable and saleable in the Ordinary Course of Business. Adequate reserves have been reflected in the Financial Statements for short, obsolete or otherwise unusable inventory, which reserves were calculated in a manner consistent with past practice and in accordance with GAAP consistently applied.
4.21.2 All accounts receivable of the Company and its Subsidiary have arisen from bona fide transactions in the Ordinary Course of Business consistent with past practice, including applicable reserves for returns or doubtful accounts reflected thereon, which reserves were calculated in a manner consistent with past practice and in accordance with GAAP.
4.21.3 All accounts payable of the Company and its Subsidiary reflected in the Financial Statements or arising after the date thereof are the result of bona fide transactions in the Ordinary Course of Business and have been paid or are not yet due and payable.
