Examples of Affiliate Receivables in a sentence
Agent may at any time verify Receivables or Affiliate Receivables utilizing an audit control company or any other agent of Agent.
To the extent Borrower receives any payments on account of Receivables or Affiliate Receivables, it shall hold such payments for Agent's benefit in trust as Agent's trustee and immediately deliver them to Agent in their original form with all necessary endorsements or, as directed by Agent, deposit such payments as directed by Agent pursuant to Section 22 hereof.
Notwithstanding any provision set forth in this Agreement to the contrary, in no event shall the term “Collateral” include any Affiliate Receivables.
Net Worth per Examination as of the Quarter Ended December 31, 2015 $ 8,685,159Less: Unsecured Affiliate Receivables - Past Due 16,586,572Tangible Net Equity$ (7,901,413)Required TNE 3,864,505TNE Deficiency per Examination$(11,765,918) The Plan was not in compliance with the TNE requirements of Section 1376 and Rule 1300.76 as of December 31, 2015.
Secured Affiliate Receivables – Long Term must be filed and approved by the Department of Managed Health Care for inclusion in the Tangible Net Equity Calculation.