Accounts Receivable Purchase Price Sample Clauses

Accounts Receivable Purchase Price. NATIONAL GRID shall pay to ESCO the Accounts Receivable Purchase Price in the manner and at the time set forth in Section 3.4. For each Account Receivable purchased under this Agreement, if the ESCO Charges in respect thereof exceed the face amount of such Account Receivable, such that the Accounts Receivable Purchase Price is less than zero (0), NATIONAL GRID shall have the right to either (i) set off and apply any and all ESCO Charges, payments, or amounts owing to NATIONAL GRID by ESCO under this Agreement to or for the credit on the account of NATIONAL GRID against any and all of the obligations of NATIONAL GRID including but not limited to the Accounts Receivable Purchase Price to any affected sums, deposits, fees and charges under this Agreement, now or hereafter existing under this Agreement, or (ii) require ESCO to pay such ESCO Charges to NATIONAL GRID in full, without any deduction or setoff, within ten days after receipt of NATIONAL GRID’s invoice of any amounts due. NATIONAL GRID may request payments by check, ACH or EFT from ESCO. NATIONAL GRID has the right to impose a continuing late payment penalty each month in the amount of 1.5 % of any unpaid sums previously invoiced and any objections to payment must be made in writing to NATIONAL GRID within 60 days after the date of the subject invoice. ESCO’S FAILURE TO PRESENT AN INVOICE CLAIM WITHIN THIS 60-DAY PERIOD SHALL CONSTITUTE A WAIVER OF ANY CLAIM ESCO MAY HAVE WITH RESPECT TO THE ACCOUNTS RECEIVABLE PURCHASE PRICE SET FORTH IN THE SUBJECT INVOICE. In the event NATIONAL GRID determines that a refund is owed to ESCO with respect to any purchase of Accounts Receivable hereunder, NATIONAL GRID will either make such refund, or credit ESCO’s account, within 10 days after its determination.
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Accounts Receivable Purchase Price. In respect of any Account Receivable purchased hereunder, shall mean the Account Receivable less applicable Purchase Discount and ESCO Charges as applicable.
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Accounts Receivable Purchase Price. Seller shall, on the Closing Date, deliver to Buyer an updated Schedule 1.1(e) as of such date, which updated Schedule 1.1(e) shall list all Accounts Receivable and their respective invoice dates. Such updated Schedule 1.1(e) shall be reviewed by Buyer's independent auditors. The Accounts Receivable Purchase Price shall be the sum of the purchase price with respect to Current Accounts Receivable (as defined below) and the purchase price with respect to Non-Current Accounts Receivable (as defined below), each determined as follows:
Sample 1
Accounts Receivable Purchase Price. The Accounts Receivable Purchase Price shall be paid in cash, by wire transfer or in other immediately available funds.
Sample 1
Accounts Receivable Purchase Price. The purchase price for the Accounts Receivable shall be ONE MILLION AND 00/100 DOLLARS ($1,000,000) (the "Accounts Receivable Purchase Price"), with the first FOUR HUNDRED THOUSAND AND 00/100 DOLLARS payable within thirty (30) days of Closing and the remainder of the Accounts Receivable Purchase Price (up to SIX HUNDRED THOUSAND AND 00/100 DOLLARS ($600,000)) payable on or before December 31, 1996. 2.3
Sample 1

Related to Accounts Receivable Purchase Price

  • Accounts Receivable All accounts receivable of the Acquired Companies that are reflected on the Balance Sheet or the Interim Balance Sheet or on the accounting records of the Acquired Companies as of the Closing Date (collectively, the "Accounts Receivable") represent or will represent valid obligations arising from sales actually made or services actually performed in the Ordinary Course of Business. Unless paid prior to the Closing Date, the Accounts Receivable are or will be as of the Closing Date current and collectible net of the respective reserves shown on the Balance Sheet or the Interim Balance Sheet or on the accounting records of the Acquired Companies as of the Closing Date (which reserves are adequate and calculated consistent with past practice and, in the case of the reserve as of the Closing Date, will not represent a greater percentage of the Accounts Receivable as of the Closing Date than the reserve reflected in the Interim Balance Sheet represented of the Accounts Receivable reflected therein and will not represent a material adverse change in the composition of such Accounts Receivable in terms of aging). Subject to such reserves, each of the Accounts Receivable either has been or will be collected in full, without any set-off, within ninety days after the day on which it first becomes due and payable. There is no contest, claim, or right of set-off, other than returns in the Ordinary Course of Business, under any Contract with any obligor of an Accounts Receivable relating to the amount or validity of such Accounts Receivable. Part 3.8 of the Disclosure Letter contains a complete and accurate list of all Accounts Receivable as of the date of the Interim Balance Sheet, which list sets forth the aging of such Accounts Receivable.

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).

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