Assigned Accounts Receivable definition

Assigned Accounts Receivable shall have the meaning assigned thereto in subsection 10.3(b)(i).

Assigned Accounts Receivable means North American trade accounts receivable that are current and not in dispute relating to the Specified CDMA Contracts, in the aggregate amount of $5,000,000, net of any allowance for doubtful accounts computed in accordance with the Nortel Accounting Principles consistent with historical practice.

Assigned Accounts Receivable means any uninsured Accounts Receivable included in the Working Capital which are not collected by Target, despite Target’s commercially reasonable efforts, within 180 days past the relevant due date stipulated on the applicable invoice (or, in the case of an invoice that does not stipulate a due date, 180 days past the date of invoice).

Examples of Assigned Accounts Receivable in a sentence

• Buyer shall have the sole right to collect and retain all such Assigned Accounts Receivable.

• The Buyer shall have the sole right to collect and retain all such Assigned Accounts Receivable.

• If any Assigned Accounts Receivable are paid to the Seller after the Closing, the Seller shall pay to the Buyer the amounts received by the Seller within 10 days after receipt of such amounts without any commission or deduction for the Seller.

• To Seller's knowledge, there are no counterclaims or setoffs against (or any basis therefor), or any other matter or condition likely to interfere with full and timely collection of, any Assigned Accounts Receivable.

• The Assigned Accounts Receivable are bonafide, valid and have arisen out of sales, services and transactions in the ordinary course of business consistent with past practice and have not and are not subject to any unusual credits, discounts, rebates or offsets, and to the Seller’s Knowledge, no account debtor has threatened or refused to pay, threatened offset, or threatened bankruptcy with respect to such debt.

More Definitions of Assigned Accounts Receivable

Assigned Accounts Receivable has the meaning set forth in Section 3(b) of Schedule 2.

Assigned Accounts Receivable means all of the Seller’s accounts receivable that are not Excluded Accounts Receivable.

Assigned Accounts Receivable is hereby deleted in its entirety.

Assigned Accounts Receivable shall have the meaning ascribed to such term in Section 8.7.

Assigned Accounts Receivable means any Accounts Receivable accrued or invoiced with respect to services or products to be provided by the Purchased Business, solely to the extent (i) such Accounts Receivable is allocable to the Purchased Business and (ii) such services or products are to be provided after the Closing Date.

Assigned Accounts Receivable shall have the meaning assigned thereto in subsection l 0.3(b)(i). "Assignment of Contracts and Leases" shall have the meaning assigned thereto in subsection 6.1(a)(i).

Assigned Accounts Receivable has the meaning set forth in Section 1.1(i).