Receivables and Payables. Except as set forth on Company Disclosure Schedule, all accounts receivable of Company represent sales in the ordinary course of business and, to Company’s knowledge, are current and collectible net of any reserves shown in Company Financial Statements and none of such receivables is subject to any Lien other than a Permitted Lien.
Appears in 4 contracts
Samples: Merger Agreement (Gulf & Orient Steamship Company, Ltd.), Merger Agreement (Westcott Products Corp), Merger Agreement (Java Express Inc)
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company represent sales in the ordinary course of business and, to the Company’s 's knowledge, are current and collectible net of any reserves shown in Company Financial Statements on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
(b) Except as set forth on the Company Disclosure Schedule, all payables by the Company arose in bona fide transactions in the ordinary course of business.
Appears in 2 contracts
Samples: Securities Purchase Agreement (Discovery Investments Inc), Securities Purchase Agreement (Pu Chong Liang)
Receivables and Payables. Except as set forth on Company Disclosure Schedule, all accounts receivable of Company represent sales in the ordinary course of business and, to Company’s knowledge, are current and collectible net of any reserves shown in Company Financial Statements and none of such receivables is subject to any Lien other than a Permitted Lien.. 7
Appears in 1 contract
Samples: Merger Agreement (Gameplan Inc)
Receivables and Payables. Except as set forth on Company Disclosure Schedule, all All accounts receivable of the Company represent sales in the ordinary course of business and, to the Company’s knowledge, are current and collectible net of any reserves shown in Company Financial Statements on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien. All payables by the Company arose in bona fide transactions in the ordinary course of business and no such payable is delinquent by more than sixty (60) days beyond the due date in its payment.
Appears in 1 contract
Receivables and Payables. (a) Except as set forth on the Company Disclosure Schedule, all accounts receivable of the Company and its subsidiaries represent sales in the ordinary course of business andbusiness, are current and to the Company’s knowledge, are current and collectible net of any reserves shown in Company Financial Statements on the Balance Sheet and none of such receivables is subject to any Lien other than a Permitted Lien.
(b) Except as set forth on the Company Disclosure Schedule, all payables by the Company and its subsidiaries arose in bona fide transactions in the ordinary course of business.
Appears in 1 contract
Samples: Securities Purchase Agreement (Wyoming Oil & Minerals Inc)
