Working Capital Assets. All of the outstanding accounts and notes receivable of any Transferred Company have arisen in the ordinary course of business in connection with bona-fide business transactions, the amounts of accounts and notes receivable reflected in the Financial Information were recorded in accordance with GAAP consistently applied, and the inventory owned by any of the Transferred Companies that has not been written off has been valued in accordance with GAAP consistently applied.
Working Capital Assets. All of the outstanding accounts and notes receivable of any Seller Entity have arisen in the ordinary course of business in connection with bona-fide business transactions, and the amounts of accounts and notes receivable reflected in the Financial Information were recorded in accordance with GAAP consistently applied.
Working Capital Assets. Working Capital Assets shall comprise the aggregate of the following line items in the Company’s consolidation system, which is the source for the preparation of the Accounts: · Inventory (net of reserves) · Trade Debtors (net of reserves) · Other debtors (other than Northlands or any repayment or refund from a Tax Authority in respect of UK corporation tax), to the extent not included in the calculation of the Actual Net Debt Amount or the Estimated Net Debt Amount · Prepayments · Northlands
Working Capital Assets. All Working Capital Assets, including (i) any prepaid items that are Related to the Business; (ii) all accounts, notes and other receivables Related to the Business; and (iii) all Inventory (as defined in Section 5.24) Related to the Business.
Working Capital Assets all (i) work-in-process, (ii) prepaid expenses associated with the Contracts, Office Leases, and Subsidiaries’ insurance policies, and (iii) accounts receivable related to the Purchased Business;
Working Capital Assets. (1) No adjustment shall be made for any accounts receivable relating to the Managed Waterpark and Amusement Attractions for 2016 or earlier; provided, however, that the Seller Parties shall be entitled to any such accounts receivable for a Managed Waterpark and Amusement Attraction if, when and to the extent payment therefor is actually received. The Attractions Purchaser shall use commercially reasonable efforts to collect such accounts receivable on behalf of the Seller Parties following Closing to the extent the same are not received by the applicable Seller Party prior to Closing and shall remit any such payments actually collected to the Company promptly following receipt thereof; provided, however, that the Attractions Purchaser shall not have any obligation to commence any legal action or proceeding to collect such accounts receivable on behalf of the Seller Parties; provided further that the Seller Parties shall have the right to pursue any legal action, proceeding or remedy to collect such accounts receivable.
Working Capital Assets. (1) No adjustment shall be made for any accounts receivable relating to the Managed FEC Attractions for 2016 or earlier; provided, however, that the Seller Parties shall be entitled to any such accounts receivable for a Managed FEC Attraction if, when and to the extent payment therefor is actually received. The Attractions Purchaser shall use commercially reasonable efforts to collect such accounts receivable on behalf of the Seller Parties following Closing to the extent the same are not received by the applicable Seller Party prior to Closing and shall remit any such payments actually collected to the Company promptly following receipt thereof; provided, however, that the Attractions Purchaser shall not have any obligation to commence any legal action or proceeding to collect such accounts receivable on behalf of the Seller Parties; provided further that the Seller Parties shall have the right to pursue any legal action, proceeding or remedy to collect such accounts receivable. Seller Parties shall keep all items of income and expense from the periods on and prior to the Closing Date.
Working Capital Assets. The term “Working Capital Assets” shall mean shall mean all current assets of the Company as of the Closing Date, determined in accordance with the methodology specified in Schedule 1.10(a) attached hereto and, to the extent not specified therein, in accordance with GAAP applied on a consistent basis.
Working Capital Assets. (a) All of the Company’s accounts and notes receivable represent amounts receivable for products actually delivered or services actually provided (or, in the case of non-trade accounts or notes represent amounts receivable in respect of other bona-fide business transactions), have arisen in the ordinary course of business and have been or will be billed and are generally due within 30 days after such billing. All such accounts and notes receivable included in the Acquired Assets (the “Acquired Receivables”) are and will be fully collectible within not more than 90 days following the Closing Date, except to the extent of a reserve in an amount not in excess of the reserve for doubtful accounts reflected on the Balance Sheet.
Working Capital Assets. All Working Capital Assets.
