Account Receivable. 9 4.13 Inventory ...................................................... 9 4.14
Account Receivable. CONTRACTOR shall not seek payment from
Account Receivable. CONTRACTOR is responsible for billing Medicare.
Account Receivable. The Design Professional shall retain the right to pledge payment(s) due and payable under this agreement to third parties.
Account Receivable. (i) reconciliation from the A/R aged trial balance to the G/L to the financial statements as of most current month end;
(ii) access to summary aged trial balance reports September 2002 through most current month end and hardcopy and electronic file (Lotus, Excel, Text, or print files) of the most current month end summary aged trial balance report, if possible;
(iii) summary schedule of A/R agings per the A/R trial balance reports by month September 2002 through most current month end;
(iv) summary schedule reconciling beginning A/R to ending A/R per the A/R aging system by month for the period September 2002 through most current month end by major classification (i.e. gross sales, debit memos issued, A/R cash received, returns & allowances, cash discounts, bad debt write-offs, volume rebates, credit memos, etc) and access to supporting data/reports. Receivables balances should agree to aging reports and credits must be segregated from sales;
(v) schedule of receivables by selling terms as of most current month end;
(vi) aged schedule of foreign receivables included in the Trade Receivables Program including selling terms (Letters of Credit, Site Draft, etc.) and country of origin as of most current month end. Segregate the schedule by eligible countries receivables and ineligible country receivables. For eligible country foreign receivables please also provide a breakdown of the country balance by foreign currency invoiced;
(vii) aged schedule of inter-company receivables included in the aged A/R trial balance(s) as of most current month end, if any;
(viii) aged schedule of receivables from government agencies as of most current month end, if any;
(ix) schedule of charge-backs and/or debit memos included in the aged A/R trial balance as of most current month end by aging category;
(x) aged schedule of bankrupt customer receivables included in the aged A/R trial balance as of most current month end, if any;
(xi) aged schedule of top twenty five customer A/R balances per the aged trial balance at most current month end (Customers should be grouped by ultimate parent including multiple account numbers, ship to's and subsidiaries, if necessary);
(xii) aged schedules of all customers with more than 35% of their receivable balance more than 60 days past due date as of most current month end;
(xiii) aged schedule of unapplied credit memos included in the A/R aging as of most current month end;
(xiv) written description of the current status of significant past d...
Account Receivable. 8.1 All accounts receivable related to ViSS business before the closing date (refer to Appendix G Collection Assistance Agreement for breakdown and amount) shall not be transferred to Vimicro. Up to August of 2009, the total amount of accounts receivable is estimated to be RMB fifty six million one hundred and seventy five thousand and thirty nine yuan (RMB56,175,039).
8.2 Vimicro shall endeavor to assist ASB to collect relevant accounts receivable above defined, including but not limited to designate relevant personnel to negotiate with customers. Vimicro will enter into a specific Collection Assistance Agreement (Appendix G) with ASB.
8.3 With regards to collection assistance provided by Vimicro, ASB shall pay Vimicro some commission, the amount of which shall be calculated pursuant to the proportion of amount actually collected by ASB to the total amount of accounts receivable. The commission ratio of accounts receivable in Y06/07 contracts shall be 10%, and 5% for Y08/09 contracts.
8.4 At the end of each quarter, the Parties shall verify and determine the actually collected amount of accounts receivable and amount of commission payable. The amount of commission shall be calculated on a quarterly basis based on data of the last quarter, and paid to Vimicro within twenty (20) working days of the next quarter.
Account Receivable. CONTRACTOR is responsible for billing Medicare. CONTRACTOR shall not seek payment from any other source, and shall not seek compensation directly from CLIENT. CONTRACTOR invoice to COUNTY will be net of amount of any Medicare and third party payment received.
Account Receivable. (a) The Signing Date Asset Schedule sets forth the ------------------ accounts receivable of the Companies as of the Signing Date, on an aging basis of 30-day intervals, including the name of the account debtor and the amount of the receivable. At the Effective Time, the Companies aggregate accounts receivable prior to deducting the usual and ordinary reserves for bad debts, shall not be less than $1,786,695 (the "Accounts Receivable"). All Accounts Receivable are for services actually provided in the ordinary course of business. The aforementioned Accounts Receivable are collectible in full. To the extent of any breach of this Section 4.6 and any resulting breach of Section 4.4(b) above, the sole remedy of Buyer shall be the reduction of the Purchase Price by an amount ("Maximum Offset") not to exceed $446,674. The determination of whether a breach has occurred
Account Receivable. On or before the Closing Date, the ------------------ outstanding $25,000 account receivable of the Buyer's View Engineering division shall have been resolved and paid in cash to the satisfaction of the Seller and the Parent.
Account Receivable. A true and complete list of all outstanding accounts receivable of the Corporation as of the Balance Sheet Date has been delivered to Buyer. To Sellers' knowledge, all of the accounts receivable held by the Corporation are valid and enforceable claims and are not subject to any defenses, offsets, claims or counterclaims. The allowances for doubtful accounts and contractual adjustments reflected in the Balance Skeet are based upon historic collection activities of the Corporation and have been determined in accordance with generally accepted accounting principles. Although no Seller knows of any reason why such accounts will not be collected on a timely basis, no representation is made hereby that such accounts will be collected and, notwithstanding any of the provisions of this Agreement, Buyer's only remedy with respect to the collection of any such accounts receivable shall be as provided in Section 2(c).
