Common use of Quality of Assets Clause in Contracts

Quality of Assets. (a) All of the Company’s accounts receivable included in the Interim Financial Statements (i) represent valid obligations of the Company’s customers arising from bona fide transactions in the ordinary course of the Company’s Business and (ii) to Sellers’ Knowledge, are fully collectible (without any defenses, counterclaims, or setoffs), subject only to the bad debt reserve specified therein. (b) The amount of the Company’s inventory is consistent with its usual trading level, taking into account seasonal variations; and all such inventory has been acquired in the ordinary course of business. All inventory is of good quality and is not obsolete, and all finished goods in the inventory are free of defects and are currently salable through regular distribution channels in the ordinary course of business.

Quality of Assets. ​ (a) All of the Company’s Companies’ accounts receivable included in the Interim Financial Statements (i) represent valid obligations of the applicable Company’s customers arising from bona fide transactions in the ordinary course of the Company’s Business and (ii) to Sellers’ Seller’s Knowledge, are fully collectible (without any defenses, counterclaims, or setoffs), subject only to the bad debt reserve specified therein.. ​ (b) The amount of the Company’s Companies’ inventory is consistent with its usual trading level, taking into account seasonal variations; and all such inventory has been acquired in the ordinary course of business. All inventory Inventory is of good quality and is not obsolete, and all finished goods in the inventory Inventory are free of defects and are currently salable through regular distribution channels in the ordinary course of business.. ​

Quality of Assets. ​ (a) All of the Company’s accounts receivable included in the Interim Financial Statements (i) represent valid obligations of the Company’s customers arising from bona fide transactions in the ordinary course of the Company’s Business and (ii) to Sellers’ Seller’s Knowledge, are fully collectible (without any defenses, counterclaims, or setoffs), subject only to the bad debt reserve specified therein.. ​ (b) The amount of the Company’s inventory is consistent with its usual trading level, taking into account seasonal variations; and all such inventory has been acquired in the ordinary course of business. All inventory Inventory is of good quality and is not obsolete, and all finished goods in the inventory Inventory are free of defects and are currently salable through regular distribution channels in the ordinary course of business.. ​

Quality of Assets. (a) All of the Company’s accounts receivable included in the Interim Financial Statements (i) represent valid obligations of the Company’s customers arising from bona fide transactions in the ordinary course of the Company’s Business and (ii) to Sellers’ Seller’s Knowledge, are fully collectible (without any defenses, counterclaims, or setoffs), subject only to the bad debt reserve specified therein. (b) The amount of the Company’s inventory is consistent with its usual trading level, taking into account seasonal variations; and all such inventory has been acquired in the ordinary course of business. All inventory Inventory is of good quality and is not obsolete, and all finished goods in the inventory Inventory are free of defects and are currently salable through regular distribution channels in the ordinary course of business.. ​ ​ ​ ​ ​

Quality of Assets. (a) All of the Company’s accounts receivable included in the Interim Financial Statements (i) represent valid obligations of the Company’s customers arising from bona fide transactions in the ordinary course of the Company’s Business and (ii) to Sellers’ Seller’s Knowledge, are fully collectible (without any valid defenses, valid counterclaims, or setoffs), subject only to the bad debt reserve specified therein. (b) The amount of the Company’s inventory is consistent with its usual trading level, taking into account seasonal variations; and all such inventory has been acquired in the ordinary course of business. All inventory is of good quality and is not obsolete, and all finished goods in the inventory are free of defects and are currently salable through regular distribution channels in the ordinary course of business.. ​ ​ ​