Acquired Accounts definition

Acquired Accounts means Accounts owing to a Person that becomes a Borrower Party after the Fourth Restatement Effective Date or acquired in a Permitted Acquisition or any other acquisition; provided, however, that such Accounts shall cease to be Acquired Accounts upon the Administrative Agent’s receipt or completion of (a) a field audit of such Accounts and (b) such other customary due diligence as the Administrative Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Administrative Agent.

Acquired Accounts means Accounts owing to a Person that becomes a Borrower Party after the Fifth Restatement Effective Date (or, in the case of the Core-Mark Acquired Companies, on the Fifth Restatement Effective Date) or acquired in a Permitted Acquisition or any other acquisition; provided, however, that such Accounts shall cease to be Acquired Accounts upon the Administrative Agent’s receipt or completion of (a) a field audit of such Accounts and (b) such other customary due diligence as the Administrative Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Administrative Agent.

Acquired Accounts means the customers of APL-DDS listed on Schedule A to this Agreement, which includes the Retained Business.

Examples of Acquired Accounts in a sentence

• Except to the extent paid prior to the Closing Date, such Acquired Accounts Receivable are current and collectible net of any respective reserves shown in the Financial Information, which reserves are adequate and calculated consistent with past practice in the ordinary course of the Business.

• A Buyer Indemnitee shall not be entitled to indemnification under the terms of this Article V for the uncollected amount of an Acquired Accounts Receivable if the full amount of such uncollected Acquired Accounts Receivable is repurchased from Buyer by Seller in accordance with Section 4.9(a).

• Each of such Acquired Accounts Receivable either has been or will be collected in full, net of such respective reserves, without any setoff, within 120 days after the Closing Date.

• To the extent that all or any portion of an Acquired Accounts Receivable purchased by Buyer pursuant to this Agreement is not collected by Buyer within 120 days following the Closing Date, after notice by Buyer to Seller to such effect, Seller shall promptly purchase such Acquired Accounts Receivable from Buyer for an amount equal to the full amount of such uncollected Acquired Accounts Receivable and Seller shall thereafter have the right to pursue collection of such Acquired Accounts Receivable.

• Seller’s past, current, and prospective Client Accounts including, without limitation, the Acquired Accounts.

More Definitions of Acquired Accounts

Acquired Accounts means the following bank accounts of Seller: Account ending in 0279 at Business First Bank.

Acquired Accounts the BSD Accounts that the Borrower acquired from BSD as the result of the merger described in the Merger Documents immediately following the closing under the Daisytek Stock Purchase Agreement.

Acquired Accounts the current, in-force Client Accounts of Seller as of the Effective Date, i.e., any Client Accounts that have not canceled or non-renewed their Insurance Products or Services with Seller, and all renewals and expirations thereof.

Acquired Accounts shall have the meaning ascribed thereto in Section 2.1(n).

Acquired Accounts are accounts to be processed under this Agreement attributable to acquisistions by Customer (rather than additional accounts attributable to Customer's internal growth).

Acquired Accounts means any bank accounts of any Target Entity or Target Subsidiary, including any accounts (whether held by a Target Entity, a Target Subsidiary or a Hotel Manager on behalf of any Target Entity or Target Subsidiary) that hold any cash and cash equivalents or lender reserves, including those bank accounts described in the spreadsheet attached hereto as Schedule 4.1(z) (but expressly excluding the Excluded Accounts and Amount).

Acquired Accounts means Accounts owing to a Person that becomes a Borrower Party after the Sixth Restatement Effective Date or acquired in a Permitted Acquisition or any other acquisition; provided, however, that such Accounts shall cease to be Acquired Accounts upon the Administrative Agent’s receipt or completion of (a) a field audit of such Accounts and (b) such other customary due diligence as the Administrative Agent may reasonably require, all of the results of the foregoing to be reasonably satisfactory to the Administrative Agent; provided, further, that the Accounts acquired in the Sunshine Acquisition shall not be deemed to be Acquired Accounts hereunder so long as Administrative Agent receives, reasonably in advance of the Sunshine Acquisition Date (as determined by Administrative Agent in its discretion), the Sunshine Field Audit.