Accounts Receivables Sample Clauses

Accounts Receivables. Any accounts receivable, notes receivable or other receivables of Seller (including Tax refunds).

Accounts Receivables. All Accounts Receivable and Prepaid Accounts;

Accounts Receivables. (a) All Accounts Receivable: (i) were legally and validly incurred pursuant to bona fide, arms’-length transactions in the Ordinary Course of Business, (ii) reflect credit terms consistent with past practices, (iii) except as specifically provided on Schedule 5.19(a), are or will be current and collectible in amounts not less than the aggregate amount thereof, net of bad debt reserves that are specifically set forth in the Company’s balance sheet as of March 31, 2013 as set forth on Schedule 5.5(a), (iv) are collectible within 120 days of their respective creation (other than the receivables for prepaid state sales taxes), net of bad debt reserves that are specifically set forth in the Company’s balance sheet as of March 31, 2013 as set forth on Schedule 5.5(a), and (iv) are not subject to any claim, dispute, counterclaim, defense or set-off. Except as set forth on Schedule 5.19(a), to Seller’s Knowledge, there is no fact, condition, event or circumstance that has resulted, or would reasonably be expected to result, in any material increase in the un-collectability of any Accounts Receivable. (b) Except as otherwise set forth on Schedule 5.19(b), no Company Party has written-off any Accounts Receivable, or settled any Accounts Receivable for less than their face amounts, since December 31, 2012. Except as otherwise set forth on Schedule 5.19(b), the Company Parties have good, valid and marketable title to the Accounts Receivable, free and clear of all Liens other than Permitted Liens. The Company Parties have not sold, factored, securitized, or consummated any similar transaction with respect to any of the Accounts Receivable.

Accounts Receivables. The accounts receivable reflected on the Financial Statements and all accounts receivable arising thereafter have arisen from actual and bona-fide transactions in the Ordinary Course of Business consistent with the past practice and are valid and enforceable against the obligors of such accounts receivable, and other than cash discounts in the Ordinary Course of Business consistent with past practices or reserves for bad-debts accrued in accordance with the Accounting Principle, there have been no claims, or any threat of any such claims, of set-off, refusal of payment or other counterclaims relating to the existence thereof or all or any part of the amount thereof. The accounts receivables are collectible in full in accordance with the Ordinary Course of Business consistent with past practice.

Accounts Receivables. All accounts receivables of the Acquired Companies as at September 30, 2004 are bona fide.

Accounts Receivables. To each Grantor’s knowledge, no Account Debtor has any defense, set-off, claim or counterclaim against any Grantor that can be asserted against the Administrative Agent, whether in any proceeding to enforce the Administrative Agent’s rights in the Accounts included in the Collateral, or otherwise, except for defenses, setoffs, claims or counterclaims that could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect.

Accounts Receivables. All right, title and interest of Mortgagor arising from the operation of the Land and the Improvements in and to all payments for goods or property sold or leased or for services rendered, whether or not yet earned by performance, and not evidenced by an instrument or chattel paper, (hereinafter referred to as “Accounts Receivable”) including, without limiting the generality of the foregoing, (i) all accounts, contract rights, book debts, and notes arising from the operation of a hotel on the Land and the Improvements or arising from the sale, lease or exchange of goods or other property and/or the performance of services, (ii) Mortgagor’s rights to payment from any consumer credit/charge card organization or entities which sponsor and administer such cards as the American Express Card, the Visa Card and the Mastercard, (iii) Mortgagor’s rights in, to and under all purchase orders for goods, services or other property, (iv) Mortgagor’s rights to any goods, services or other property represented by any of the foregoing, (v) monies due to or to become due to Mortgagor under all contracts for the sale, lease or exchange of goods or other property and/or the performance of services including the right to payment of any interest or finance charges in respect thereto (whether or not yet earned by performance on the part of Mortgagor) and (vi) all collateral security and guaranties of any kind given by any person or entity with respect to any of the foregoing. Accounts Receivable shall include those now existing or hereafter created, substitutions therefor, proceeds (whether cash or non-cash, movable or immovable, tangible or intangible) received upon the sale, exchange, transfer, collection or other disposition or substitution thereof and any and all of the foregoing and proceeds therefrom; and

Accounts Receivables. Each Loan Party shall collect and realise its Accounts and other monies and receipts and, save to the extent that the Agent otherwise agrees in writing or as set forth in Section 6.11, pay the proceeds of the Accounts into a Deposit Account which is either subject to a Controlled Account Agreement or is subject to a fixed charge under a UK Collateral Document.

Accounts Receivables. All of the notes and accounts receivable as reflected on the Latest Balance Sheet and any additional notes and accounts receivable recorded in the books and records of WPZ thereafter are, and as of the Closing Date will be, receivables that arose in the ordinary course of business and to the knowledge of WPZ, subject to no valid counterclaims or setoffs (except as reserved against in the Latest Balance Sheet, or in a subsequent balance sheet, to the extent they are recorded after the Latest Balance Sheet date).