Examples of Acquired Accounts Receivable in a sentence
Calculation of Interest Revenue from Acquired Accounts Receivable As described in Note 4 to the accompanying financial statements, interest revenue from acquired accounts receivable consists of small amounts from a large number of debtors; interest revenue is recognized throughout the periods of individual receivable acquisition contracts using effective interest rates.
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.
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.
Upon reasonable advance written request by Buyer, Sellers shall use their commercially reasonable efforts to permit Buyer and its Representatives to have reasonable access during normal business hours, and in a manner so as not to interfere with the normal business operations of Sellers, to Records and Contracts related to the Acquired Accounts Receivable.
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).