Account Receivable definition

Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

Account Receivable means any right of the Borrower or any Guarantor to payment for goods sold or services rendered, whether now existing or hereafter arising.

Account Receivable an Account or Payment Intangible of a Loan Party.

Examples of Account Receivable in a sentence

• Unless otherwise indicated in writing to the Administrative Agent, each Account Receivable of such Grantor arises out of a bona fide sale and delivery of goods or rendition of services by such Grantor.

• There is no contest, claim, or right of set-off, other than rebates and returns in the ordinary course of business, under any contract with any obligor of an Account Receivable relating to the amount or validity of such Account Receivable.

• There is no contest, claim, defense or right of setoff, other than returns in the Ordinary Course of Business of Seller, under any Contract with any account debtor of an Account Receivable relating to the amount or validity of such Account Receivable.

• 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 Account Receivable relating to the amount or validity of such Account Receivable.

• There is no contest, claim, counterclaim, defense or right of set-off, other than rebates and returns in the ordinary course of business, under any contract with any obligor of any Account Receivable relating to the amount or validity of such Account Receivable.

More Definitions of Account Receivable

Account Receivable means, with respect to any Person, all of such Person’s now owned or hereafter acquired right, title, and interest with respect to “accounts” (as that term is defined in Article 9 of the Code), and any and all “supporting obligations” (as that term is defined in the Code) in respect thereof.

Account Receivable or "receivable" means any amount due the state or any other governmental entity within the state as a result of a judgment, citation, tax, or administrative order, or for which materials or services have been provided but for which payment has not been received by the servicing unit.

Account Receivable means, with respect to any Debtor, any right of such Debtor to payment for goods sold or leased or for services rendered. Assignee Deposit Account - see Section 4.

Account Receivable means any account of Borrower and any other right of Borrower to payment, whether or not evidenced by an instrument or chattel paper and whether or not yet earned by performance (excluding any Contract Right).

Account Receivable or "account" means any right to payment of a monetary obligation which is the net amount due from a customer for all sales of goods or performance of services to such customer whether performed or yet to be performed. You will tender to us for our approval or rejection, which such approval or rejection shall be determined in our sole discretion, all of your accounts except those which we have agreed in writing that you may exclude (as set forth in the list attached hereto as SCHEDULE A and modified from time to time). This Agreement applies to all accounts heretofore or hereafter purchased by us from you. We may at any time, in our sole discretion, revoke our approval of any of your customers or reduce the maximum amount which you may bill to any customer, but such revocation or reduction shall neixxxx affect sales where goods have been shipped or services have been performed nor render us liable to you or any other person or entity for any loss or damage sustained by reason thereof. You shall pay us a one-time set-up and integration fee of zero dollars ($0.00) for setting you up in our system (including establishment of the Reserve Account). Such set-up and integration fee shall also cover the initial addition of your customer base to our computer system and further introduction of any new customers for a period of six (6) months from the effective date of this Agreement. The customer shall be deemed insolvent if: (a) the customer shall have absconded; (b) the customer becomes insolvent as defined in Section 101(32) of the Bankruptcy Code; (c) a receiver shall have been appointed for the customer or its assets; (d) the customer shall have made a general offer of compromise to his creditors for less than his indebtedness; (e) the customer's stock in trade shall have been taken possession of or sold under a security agreement or writ of attachment or sold or transferred in bulk or otherwise sold out of the normal course of business; (f) the customer's business shall have been assigned to, or taken over by an assignee or trustee for the benefit of his creditors or a committee appointed by his creditors; (g) a voluntary or involuntary proceeding shall have been instituted with respect to the customer under any bankruptcy, reorganization, receivership or other law providing for the financial relief of debtors; (h) the customer has stated to us a financial inability to pay; provided, however, that insolvency shall not be deemed to have occurred when caused by a...

Account Receivable has the meaning provided in the definition of Receivables Related Assets.

Account Receivable or “Accounts Receivable” means the unpaid portion of obligations as stated on the respective invoices issued to a customer of Borrower or any of its Subsidiaries with respect to Inventory sold and shipped or services performed or rendered in the ordinary course of business.