Aged Accounts definition

Aged Accounts means all accounts receivable for the Hotel and the Golf Course outstanding as of the Closing Date other than the Accounts.
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Aged Accounts means those recivables of NSC aged greater than 90 days past invoice date as of the Closing Date, excluding in any event therefrom any receivable arising other than in the ordinary course of NSC's business, any receivable for which a customer is disputing all or portion of the invoiced amount, any receivable for which a customer has claimed a right of offset or asserted a counterclaim against the invoiced amount, and any receivable from a customer that is insolvent or subject to bankruptcy or receivership proceedings.
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Examples of Aged Accounts in a sentence

  • The Aged Accounts Receivable Report includes all delinquent receivables categorized by number of days past due.

  • As of each date reported by Borrowers, all Accounts which any Borrower has then reported to Agent as then being Eligible Accounts comply in all respects with the criteria for eligibility set forth in the respective definitions of Eligible Billed Accounts, Eligible Billed Aged Accounts, Eligible Billed Cross-Aged Accounts, Eligible Unbilled Accounts, and Eligible Uninvoiced Accounts, as applicable.

  • Following the Closing Date and for a period of ninety (90) days thereafter, Purchaser and its Affiliates, including the Purchased Companies, shall use commercially reasonable efforts to collect any Aged Accounts Receivable and Purchaser and its Affiliates, including the Purchased Companies, shall not forgive the payment of any such amounts, or modify the terms of payment with respect thereto, without Sellers’ prior written consent.

  • These reports may include a monthly statement of Income, Expense, Itemized Expense, Aged Accounts Receivable, Aged Accounts Payable and a Balance Sheet.

  • Every covenant, term, and provision of this Agreement shall be construed simply according to its fair meaning and not strictly for or against the Member.

  • Commencing on the date of this Agreement, ▇▇▇▇▇▇ Capital shall administer the collection of all Accounts Receivable originated by the Company and shall forward an Aged Accounts Receivable Schedule to the Company weekly.

  • Purchaser agrees to make commercially reasonable efforts (and no less favorable than the efforts which are generally exerted by the newspapers operated by its affiliates) to collect each Aged Accounts Receivable, including, but not limited to disputed receivables, for a period of 120 days after the Closing Date.

  • Sellers shall be free, however, to take any action it deems appropriate with respect to any Aged Accounts Receivable reassigned pursuant hereto.

  • The Company shall have executed and delivered to Shareholder a ▇▇▇▇ of Sale and Assignment with regard to the Aged Accounts Receivable.

  • Purchaser will be available to meet with Sellers' representative on a monthly basis to review Purchaser's progress on collection of such Aged Accounts Receivable and Sellers shall have reasonable access to all related records during this 120-day period.