Common use of Accounts Receivable and Bank Accounts Clause in Contracts

Accounts Receivable and Bank Accounts. (a) A true, correct and complete list of the accounts receivable of the Company as of the last day of the month prior to the date of this Agreement, showing the aging thereof, is included in Schedule 4.28(a). All accounts receivable of the Company have arisen from bona fide transactions in the ordinary course of business and are payable on ordinary trade terms. None of the accounts receivable of the Company or its Subsidiaries (i) are, to the knowledge of the Company, subject to any setoffs or counterclaims or (ii) represent obligations for goods sold on consignment, on approval or on sale or return basis or subject to any other repurchase or return arrangement. (b) Schedule 4.28(b) sets forth a complete and correct list of (i) all banks or other financial institutions with which the Company has an account or maintain a safe deposit box, showing the account numbers and names of the persons authorized as signatories with respect thereto and (ii) the names of all Persons holding powers of attorney from the Company, complete and correct copies of which have been provided to Buyer.

Accounts Receivable and Bank Accounts. (a) A true, correct and complete list of the accounts receivable of the Company Business as of the last day of the month prior to the date of this Agreement, showing the aging thereof, is included in Schedule 4.28(a)Section 4.24(a) of the Company Disclosure Schedule. All accounts receivable of the Company Business have arisen from bona fide transactions in the ordinary course of business and are payable on ordinary trade terms. None of the accounts receivable of the Company or its Subsidiaries Business (ia) are, to the knowledge Knowledge of the Company, subject to any setoffs or counterclaims or (iib) represent obligations for goods sold on consignment, on approval or on sale or return basis or subject to any other repurchase or return arrangement. (b. Section 4.24(b) of the Company Disclosure Schedule 4.28(b) sets forth a complete and correct list of (ia) all banks or other financial institutions with which the Company has have an account or maintain a safe deposit box, showing the account numbers and names of the persons authorized as signatories with respect thereto and (iib) the names of all Persons holding powers of attorney from the Company, complete and correct copies of which have been provided to BuyerParent.