Accounts Receivable. All accounts receivable of either of the Companies reflected on the Balance Sheet (other than those paid since such date) are valid receivables subject to no setoffs or counterclaims and are current and collectible within 120 days after the date on which it first became due and payable, net of the applicable reserve for bad debts on the Balance Sheet. A complete and accurate list of the accounts receivable reflected on the Balance Sheet, showing the aging thereof, is included in [Schedule 2.23]. All accounts receivable of either of the Companies that have arisen since the Balance Sheet Date are valid receivables subject to no setoffs or counterclaims and are collectible within 120 days after the date on which it first became due and payable, net of a reserve for bad debts related to such accounts receivable in an amount proportionate to the reserve shown on the Balance Sheet. Neither of the Companies has received any written notice from an account debtor stating that any account receivable in an amount in excess of €5,000 is subject to any contest, claim or setoff by such account debtor.

Accounts Receivable. Seller’s accounts receivable and rents receivable accruing prior to the Closing Date.

Accounts Receivable. All accounts receivable of the Company reflected (or that should have been reflected) on the Estimated Company Balance Sheet arose from bona fide transactions in the ordinary course of business consistent with past practices, are reflected in accordance with GAAP, are not subject to valid defenses, setoffs or counterclaims and have been collected or are collectible in the book amounts thereof, less an amount not in excess of an appropriate allowance for doubtful accounts and billing adjustments set forth on the Estimated Company Balance Sheet, which such allowance is or will be sufficient to provide for any losses that may be sustained on realization of the receivables. No material amount of accounts receivable is contingent upon the performance by the Company of any obligation or Contract. No Person has any Lien (except for Permitted Liens) on any of such accounts receivable, and no agreement for deduction or discount has been made with respect to any of such accounts receivable.

All of the accounts receivable, whether billed or unbilled, of the Company arose in the ordinary course of business, are carried at values determined in accordance with GAAP consistently applied, and are not, to the Company’s Knowledge, subject to any valid set-off or counterclaim. No Person has any Lien on any accounts receivable of the Company and no request or agreement for deduction or discount has been made with respect to any accounts receivable of the Company.

Eligible Accounts. The definition of “Eligible Accounts” set forth in the Credit Agreement is hereby amended by deleting clause (j) thereof in its entirety and replacing it with the following:

. As to each Account (other than respect to Accounts in a de minimis amount relative to the aggregate amount of all Eligible Accounts at any time) that is identified by any Borrower, any Canadian Guarantor or Dutch Guarantor, as applicable, as an Eligible Account in a Borrowing Base Certificate submitted to Agent, such Account is # a bona fide existing payment obligation of the applicable Account Debtor created by the sale and delivery of Inventory or the rendition of services to such Account Debtor in the ordinary course of Borrowers’ business, # owed to one or more of the Borrowers, and # to the extent that any officer of any Loan Party has knowledge or reasonably should have had knowledge, not excluded as ineligible by virtue of one or more of the excluding criteria (other than Agent-discretionary criteria) set forth in the definition of Eligible Accounts.

Accounts Receivable Aging. As soon as available, but in no event later than thirty (30) days after each month end, Borrower’s accounts receivable aging.

a worksheet of calculations prepared by the Borrowers to determine Eligible Accounts, Eligible Credit Card Accounts Receivable and Eligible Inventory, such worksheets detailing the Accounts, Credit Card Accounts Receivable and Inventory excluded from Eligible Accounts, Eligible Credit Card Accounts Receivable and Eligible Inventory and the reason for such exclusion;

Cash and Accounts Receivable. Seller is not conveying as part of this sale any cash, cash equivalents, bank accounts, reserve accounts, deposits and the like owned or held by Seller and accounts receivable attributable to Seller’s operation of the Hotel and Business prior to Closing.

Following Closing Mediaco shall use commercially reasonable efforts to collect the Accounts Receivable, and Mediaco shall be entitled to retain collections on Accounts Receivable until the Net Collected Working Capital is equal to Five Million Dollars ($5,000,000). Within 15 days after the end of each calendar month prior to reaching Five Million Dollars ($5,000,000) of Net Collected Working Capital, Mediaco shall provide Emmis with an accounting of the collections of Accounts Receivable for that calendar month. Mediaco shall also provide Emmis with such information regarding the current status of the Accounts Receivable as Emmis may reasonably request in order for Emmis to take such actions as may be necessary or desirable in order for Emmis to protect its residual interest in the Accounts Receivable. Mediaco will not compromise, reduce or write off any Accounts Receivable without Emmis's prior written consent. Mediaco will maintain a separate account for collection of the receivables arising from operation of the Purchased Stations after Closing.