Adjusted Accounts Receivable definition

Adjusted Accounts Receivable means the sum of the following:
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Adjusted Accounts Receivable means the product of (i) 90% multiplied by (ii) all rights of Sellers to payment for goods sold or leased, or for services rendered, and shall include all notes and other instruments or obligations arising out of, or evidencing or representing the right to payment for such goods sold or leased, or services rendered by any of the Sellers, which rights to payment are (x) not outstanding more than 120 days from the date of the invoice therefor (y) not subject to any right of set-off, recoupment or other defense and (z) for purposes hereof, not otherwise decreased by the Sellers’ bad debt reserve.
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Adjusted Accounts Receivable means the Company's accounts receivable on the effective date of the Local Marketing Agreement, less any trade payables or other liabilities not otherwise satisfied by the Company, less amounts which have not been collected by Buyer despite commercially reasonable efforts as of the earlier of (i) the Closing Date, or (ii) a date 120 days after the effective date of the Time Brokerage Agreement.
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Examples of Adjusted Accounts Receivable in a sentence

  • In no event shall the DIP Agent, the DIP Lenders or the Existing Term Loan Secured Parties be subject to the equitable doctrine of “marshaling” or any similar doctrine with respect to the Collateral, without prejudice to any provisions of the Final Order.


More Definitions of Adjusted Accounts Receivable

Adjusted Accounts Receivable shall have the meaning set forth in Section 2.3.1.
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Adjusted Accounts Receivable means (i) the $40,965,106.51 of gross billed and unbilled outstanding domestic accounts receivable as of 12:01 am Eastern Time on March 18, 2003, plus (ii) any new billed domestic accounts receivable (without duplication to unbilled accounts receivable included in clauses (i) or this clause (ii)) and any new unbilled domestic accounts receivable, in each case, that accrued at any time during the period from March 18, 2003 through the Business Day prior to the Closing Date, all as determined in accordance with GAAP, minus (iii) the amount of cash collections during the period from March 18, 2003 through the Business Day prior to the Closing Date with respect to the accounts receivable described in clauses (i) and (ii).
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Adjusted Accounts Receivable shall refer to (a) the face amount of the Accounts Receivable aged from date of billing to 30 days past due or for which an Unearned Income adjustment is made; (b) ninety percent (90%) of the amount of all Accounts Receivable which are more than thirty (30) days past due but less than or equal to sixty (60) days past due; and (c) seventy percent (70%) of the amount of all Accounts Receivable which are more than sixty (60) days past due. A detailed aged Accounts Receivable listing is attached hereto as Schedule 1.2.
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Adjusted Accounts Receivable means all Accounts Receivable except those which are, as of the Closing Date (i) disputed, (ii) subject to pending (or to the best of Seller's Knowledge) threatened litigation; or (iii) older than ninety (90) days.
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Adjusted Accounts Receivable means Accounts Receivable MINUS Accounts Receivable over 150 days past due.
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Adjusted Accounts Receivable shall have the meaning set forth in Section 1.5(c).
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Related to Adjusted Accounts Receivable

  • Accounts Receivable has the meaning set forth in Section 2.01(a).

  • Audited Accounts means the report and audited accounts of the Company and of any Group Company and the audited consolidated accounts of the Group (if any) for the relevant Financial Year;

  • Eligible Receivables means Receivables arising in the ordinary course of Borrower's business from the sale of goods or rendition of services, which Silicon, in its commercially reasonable judgment, shall deem eligible for borrowing, based on such considerations as Silicon may from time to time deem appropriate. Without limiting the fact that the determination of which Receivables are eligible for borrowing is a matter of Silicon's commercially reasonable discretion, the following (the "Minimum Eligibility Requirements") are the minimum requirements for a Receivable to be an Eligible Receivable: (i) the Receivable must not be outstanding for more than 90 days from its invoice date or outstanding for more than 30 days from its due date, (ii) the Receivable must not represent progress xxxxxxxx, or be due under a fulfillment or requirements contract with any party other than Digital River, Inc. (or any successor agreed upon between Borrower and Silicon), or any other deferred revenue basis (provided, however, in the event Borrower maintains a quarterly Adjusted Quick Ratio of greater than or equal to 1.85 to 1.00, any deferred revenue offset will not result in an exclusion of an otherwise Eligible Receivable) with the Account Debtor, (iii) the Receivable must not be subject to any contingencies (including Receivables arising from sales on consignment, guaranteed sale or other terms pursuant to which payment by the Account Debtor may be conditional, except as may otherwise be acceptable to Silicon in its discretion), (iv) the Receivable must not be owing from an Account Debtor with whom the Borrower has any material dispute (whether or not relating to the particular Receivable), (v) the Receivable must not be owing from an Affiliate of Borrower, (vi) the Receivable must not be owing from an Account Debtor which is subject to any insolvency or bankruptcy proceeding, or whose financial condition is not acceptable to Silicon, or which, fails or goes out of a material portion of its business, (vii) the Receivable must not be owing from the United States or any department, agency or instrumentality thereof (unless there has been compliance, to Silicon's satisfaction, with the United States Assignment of Claims Act), (viii) the Receivable must not be owing from an Account Debtor located outside the United States (unless pre-approved by Silicon in its discretion in writing, or backed by a letter of credit satisfactory to Silicon, or FCIA insured satisfactory to Silicon) provided, however, in the event Borrower maintains a quarterly Adjusted Quick Ratio of greater than or equal to 1.85 to 1.00, up to $2,000,000 of such foreign Receivables billed and collected from the United States will not be excluded if such Receivables otherwise constitute Eligible Receivables, (ix) the Receivable must not be owing from an Account Debtor to whom Borrower is or may be liable for goods purchased from such Account Debtor or otherwise and (x) credit balance over ninety (90) days from invoice date or thirty days from due date. Receivables owing from one Account Debtor will not be deemed Eligible Receivables to the extent they exceed 25% (33% with respect to Xxxxxx Micro, Inc. in the event Borrower maintains a quarterly Adjusted Quick Ratio of greater than or equal to 1.85 to 1.00) of the total Receivables outstanding. In addition, if more than 50% of the Receivables owing from an Account Debtor are outstanding more than 90 days from their invoice date (without regard to unapplied credits) or are otherwise not eligible Receivables, then all Receivables owing from that Account Debtor will be deemed ineligible for borrowing."

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Consolidated Account means an account which is a consolidation of any separate accounts of a person who is liable for payment to the Municipality;

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.