Adjusted Accounts Receivable definition

Adjusted Accounts Receivable means the sum of the following:

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.

Adjusted Accounts Receivable shall have the meaning set forth in Section 2.3.1.

Examples of Adjusted Accounts Receivable in a sentence

• In the event that the Adjusted Accounts Receivable exceeds the Accounts Receivable on Seller’s Statement, then the Escrow Agent shall pay all of the Escrow Amount to Seller within 10 days after the amount due is calculated.

• The total funds that will be returned equal $572,160, of which$315,365 have already been released.** Paid $511.88 for a returned Billback premium from FY2002.** Adjusted Accounts Payable for a FY02 overstatement of $19,600.** Adjusted Accounts Receivable for a FY02 understatement of $72,860STATEMENT OF ACTUARIAL OPINION REGARDING THE STATE OF MINNESOTAASSUMED AUTO AND LIABILITY OTHER THAN AUTO RETAINED LIABILITIES AS OF MARCH 31, 2004 My name is Todd A.

• For purposes of this Section 2.3, "Adjusted Accounts Receivable" shall equal the sum of the following: 100% of the amount of all accounts receivable outstanding from the date of billing ("Outstanding") for less than 31 days; plus 90% of the amount of all accounts receivable that are more than 30 days Outstanding, but less than 61 days Outstanding; plus 75% of the amount of all accounts receivable that are more than 60 days Outstanding, but less than 91 days Outstanding.

• To the extent Buyer is, 90 days after the Closing Date, unable to collect, after a good faith effort, any amount of the Total Adjusted Accounts Receivable, Buyer shall assign at its option such accounts to Seller and subtract the amount of such account from the Service Credits then remaining.

• The adjustments made shall only reflect actual collection history of the PC and Management Company shall pay dollar-for-dollar on such Adjusted Accounts Receivable.

More Definitions of Adjusted Accounts Receivable

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.

Adjusted Accounts Receivable means (i) the $8,726,553 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).

Adjusted Accounts Receivable shall have the meaning set forth in Section 1.5(c).

Adjusted Accounts Receivable means Accounts Receivable MINUS Accounts Receivable over 150 days past due.

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.

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.

Adjusted Accounts Receivable includes (i) accounts receivable generated prior to October 1, 2008, and (ii) an amount equal to (A) the sum of all accounts receivable generated during the month of October, 2008 (whether before or after the Closing Date), times (B) a fraction, the numerator of which is the number of calendar days elapsed from October 1, 2008 until the Closing Date and the denominator of which is thirty-one (31), in each case without any reduction for bad debt reserves. (vii) "Qualified Net Working Capital Statement" means an unaudited statement of the Company's Qualified Net Working Capital as of the close of business on the business day before the Closing Date that is prepared by Parent in accordance with the Accounting Principles.