Transferred Receivables. Each Receivable (i) included as an Eligible Receivable in any Monthly Report (as defined in any Indenture Supplement) delivered by the Servicer pursuant to any Indenture Supplement or (ii) included in the calculation of the Net Eligible Receivables definition as set forth in any Indenture Supplement, in fact satisfies at the time of such delivery or inclusion the definition of Eligible Receivable.
Transferred Receivables. With respect to Transferred Receivables and Additional Accounts, Seller represents and warrants that:
Transferred Receivables. With respect to each Transferred Receivable relating to such Seller, such Seller represents and warrants that as of the Transfer Date for such Transferred Receivable:
Transferred Receivables. All Transferred Receivables currently owing to the Seller are completely and accurately listed and aged in the Disclosure Schedule. All such Transferred Receivables were incurred in the normal and ordinary course of business are stated in accordance with GAAP, are fully collectable in the normal and ordinary course of business (i.e., without resort to litigation or assignment to a collection agency), and are not subject to any dispute, counterclaim, defense, set-off or other claim. The Transferred Receivables reflect transactions which were true and correct as to all services rendered or products sold, including image counts for conversion services and time incurred for document preparation and data entry and indexing. The prices charged to clients in the creation of the Transferred Receivables are consistent with that stated on client contracts, whether in writing or agreed to by the client orally.
Transferred Receivables. The Transferred Receivables (i) resulted from the sale of goods and services in the ordinary course of business and (ii) represent valid obligations enforceable in accordance with their terms. The reserves for bad debts for such Transferred Receivables are based on historical experience, and represent adequate reserves for all accounts receivables that are or become uncollectible and such reserves were calculated in a manner consistent with past practices.
Transferred Receivables. (a) Subject to Clause 6.3.2 and Clause 6.4, any Transferred Receivable, taken individually, (i) in respect of which the relevant Debtor is not in a “state of failure” (état de manquement) under the Credit Insurance Policy, (ii) being within the Approval Limit and (iii) subject to sub-paragraphs (b) and (c) below, remaining within the limit of the Credit Insurer’s maximum liability (limite maximum de décaissement) shall be deemed to be an “Approved Receivable” and the Transferred Receivables which are not Approved Receivables shall be deemed to be “Non-Approved Receivables”.
Transferred Receivables. (i) Transfers(i) Transfers(i)
Transferred Receivables. 11 3.8 NO UNDISCLOSED LIABILITIES............................................. 11 3.9 TAXES.................................................................. 12 3.10
Transferred Receivables. All Transferred Receivables (a) arose out of arm’s length transactions made in the ordinary course of business consistent with past practice, (b) are the valid and legally binding obligations of the Persons obligated to pay such amounts, (c) are collectible (net of the reserves for doubtful accounts shown on the Final Closing Statement) in the ordinary course of business consistent with past practice without the necessity of commencing Litigation, (d) are subject to no counterclaim or setoff and (e) are not in dispute.
Transferred Receivables. All Transferred Receivables (a) arose out of arm’s length transactions made in the ordinary course of business, (b) are the valid and legally binding obligations of the parties obligated to pay such amounts, (c) to Seller’s knowledge, are collectible (net of the reserves for doubtful accounts shown on the Final Closing Balance Sheet) in the ordinary course of business without the necessity of commencing Litigation, (d) are subject to no counterclaim or setoff and (e) are not in dispute. Section 3.7 of the Disclosure Schedule contains an aged schedule of accounts receivable as of the date that is two Business Days prior to the Closing Date.
