Accounts Receivable Settlement Statement definition

Accounts Receivable Settlement Statement has the meaning set forth in Section 10.14.2.
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Examples of Accounts Receivable Settlement Statement in a sentence

  • This data and the resulting calculation of the Earned End-User Accounts Receivable Amount will be summarized in an accounts receivable settlement statement (the "Accounts Receivable Settlement Statement").

  • Within twenty (20) days following the Closing, Seller shall provide an accounting to Buyer of the CBSS Accounts Receivable and SSB Accounts Receivable, the Customer Prepayments and the resulting calculation of the CBSS Accounts Receivable Amount and SSB Accounts Receivable Amount based on the CBSS Uncollectible Factor and the SSB Uncollectible Factor respectively, which shall be summarized in an accounts receivable settlement statement (the "Accounts Receivable Settlement Statement").

  • Within twenty (20) days following the Closing, Sellers shall provide an accounting to Buyer of the CBSS Accounts Receivable and SSB Accounts Receivable, the Customer Prepayments and the resulting calculation of the CBSS Accounts Receivable Amount and SSB Accounts Receivable Amount based on the CBSS Uncollectible Factor and the SSB Uncollectible Factor respectively, which shall be summarized in an accounts receivable settlement statement (the "Accounts Receivable Settlement Statement").

  • In the event Seller fails to deliver the Accounts Receivable Settlement Statement within the time period set forth herein, Buyer shall be entitled to delay its payment obligations pursuant to this Section 10.14 for the number of days equal to the period of Seller's delay.

  • If at any time during the ninety (90) day period following the Closing, Buyer or Seller discovers any material discrepancy in the Accounts Receivable Settlement Statement, Seller and Buyer shall use commercially reasonable efforts to resolve any discrepancy in a timely manner, and further agree to make payments related to any undisputed amounts as set forth above.

  • Not later than ten (10) days prior to the due dates for the payments referred to in Section 10.14.2 above, Sellers shall provide Buyer with an updated Accounts Receivable Settlement Statement reflecting any adjustments based upon non-sufficient funds checks, billing adjustments or other facts that have become known after the original statement that relate to pre-closing activity.

  • This data and the resulting calculation of the Earned End-User Accounts Receivable Amount shall be summarized in an accounts receivable settlement statement (the "Accounts Receivable Settlement Statement").

  • In the event Sellers fail to deliver the Accounts Receivable Settlement Statement within the time period set forth herein, Buyer shall be entitled to delay its payment obligations pursuant to this Section 10.14 for the number of days equal to the period of Sellers' delay.

  • Not later than ten (10) days prior to the due dates for the payments referred to in Section 10.14.2 above, Seller shall provide Buyer with an updated Accounts Receivable Settlement Statement reflecting any adjustments based upon non-sufficient funds checks, billing adjustments or other facts that have become known after the original statement that relate to pre-closing activity.

  • If at any time during the ninety (90) day period following the Closing, Buyer or Sellers discover any material discrepancy in the Accounts Receivable Settlement Statement, Sellers and Buyer shall use commercially reasonable efforts to resolve any discrepancy in a timely manner, and further agree to make payments related to any undisputed amounts as set forth above.

Related to Accounts Receivable Settlement Statement

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).

  • Settlement Statement has the meaning set forth in Section 3.2(a).

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Preliminary Settlement Statement shall have the meaning given such term in Section 3.2.

  • Payment Statement As defined in Section 6.01 hereof.

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Eligible Accounts Receivable means, at any time, the invoice value of Canadian Dollar and U.S. Dollar Accounts Receivable (net of all goods and services Taxes, harmonized sales Taxes and other sales Taxes and net of any credit balance, returns, trade discounts, unapplied cash, unbilled amount or retention or finance charges) owing to the Restricted Parties (or any of them) arising under any sales of Inventory from the operation of the business of the Restricted Parties made by the Restricted Parties to any Person in the ordinary course of business, which invoice value shall be periodically reported to the Lender in the form of Schedule “B” to be delivered (i) at the time of each Drawdown during the Covenant Holiday Period, if at the time of such Drawdown there is no principal amount outstanding under any Prime Rate Loans, Base Rate Loans, CDOR Loans, and there are no outstanding Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender), and (ii) within fifteen days after the end of each calendar month during the Covenant Holiday Period, if during such month any Prime Rate Loans, Base Rate Loans, CDOR Loans, Bankers’ Acceptances or Letters of Credit (other than Letters of Credit issued under the Credit Facility that are fully secured with cash collateral provided by a Restricted Party to the Lender) are outstanding; provided that no Account Receivable shall be deemed an Eligible Account Receivable unless each of the following statements is accurate and complete (and by including such Account Receivable in any calculation of the Borrowing Base, the Borrower shall be deemed to represent and warrant to the Lender the accuracy and completeness of such statements):

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Accounts Receivable Subsidiary means one Unrestricted Subsidiary of the Company specifically designated as an Accounts Receivable Subsidiary for the purpose of financing the Company’s accounts receivable and provided that any such designation shall not be deemed to prohibit the Company from financing accounts receivable through any other entity, including, without limitation, any other Unrestricted Subsidiary.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Final Payment Statement shall have the meaning set forth in Clause 19.13;

  • Final Adjustment Statement has the meaning set forth in Section 2.6(c).

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Settlement Asset means any cash, receivable or other property, including a Settlement Receivable, due or conveyed to a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person or an Affiliate of such Person.

  • Intercompany Receivables means all account, note or loan payables and all advances (cash or otherwise) or any other extensions of credit that are receivable by Seller or any of its Affiliates (other than the Company or its Subsidiaries) from the Bank, the Company or its other Subsidiaries.

  • Account Statement means a periodic statement of the transactions credited or debited to an Account;

  • Estimated Closing Balance Sheet has the meaning set forth in Section 2.6(a).

  • Closing Balance Sheet has the meaning set forth in Section 2.4(a).

  • Draft Closing Statement means a draft closing statement as of the close of business of the fifth (5th) Business Day immediately preceding the Closing Date setting forth an estimate of the Purchase Price (including all adjustments and prorations thereto).

  • Preliminary Closing Balance Sheet has the meaning set forth in Section 2.2(b) below.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).