Cash Receivables definition

Cash Receivables means the sum of all cash amounts that clients owe to Intagio, arising from the Assigned Contracts, in the form of receivables arising from the Assigned Contracts as listed on Exhibit A hereto. 4 (b) “Cash Credits” shall mean the sum of all cash amounts that Intagio owes to clients, arising from the Assigned Contracts, to the extent they have accrued in the regular course prior to Closing and do not exceed $15,000 in aggregate. (c) Within ninety (90) days following the Closing Date, ITEX shall have the right to deliver a written notice to Intagio disagreeing with Intagio’s calculation of the Cash Receivables and/or Cash Credits, and setting forth ITEX’s revised calculation of the Cash Receivables or Cash Credits, specifying in reasonable detail the reasons for such disagreement. If ITEX fails to deliver such a written notice within 90 days following the Closing, Intagio’s determination of the Cash Receivables and Cash Credits shall be final and binding. If ITEX delivers a written notice of disagreement pursuant to this Subsection, ITEX and Intagio shall, during the 30-day period following such delivery, use their good faith efforts to reach agreement on the disputed items or amounts in order to determine the amount of Cash Receivables and Cash Credits, which amount shall not be more than the amount thereof shown in ITEX’s calculations delivered pursuant to this Subsection nor less than the amount set forth in the updated Exhibit A delivered at Closing. If ITEX and Intagio are unable to reach such agreement during such 30-day period, they shall promptly thereafter refer the matter to a mutually acceptable accounting firm (the “Determining Accountants”) to promptly review the disputed items or amounts for the purpose of calculating the amount of Cash Receivables and Cash Credits. In making such calculation, the Determining Accountants shall consider only those items or amounts in ITEX’s written notice as to which ITEX has disagreed. The Determining Accountants shall deliver to ITEX and Intagio, as promptly as practicable, a report setting forth such calculation. Such report shall be final and binding upon ITEX and Intagio. If a determination is made by the Determining Accountants that the amount of Intagio’s calculation exceeded the actual Cash Receivables at the Closing Date by more than $5,000, or if a determination is made by the Determining Accountants that the amount of Intagio’s calculation of Cash Credits at the Closing Date was inaccurate by more tha...
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Cash Receivables means the sum of all cash amounts that clients owe to Intagio, arising from the Assigned Contracts, in the form of receivables arising from the Assigned Contracts as listed on Exhibit A hereto.
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Cash Receivables means, in respect of any sale of Shares constituting Collateral by Borrower, and solely during the period from the time of trade of such sale to the time of settlement of such sale, the aggregate sale price in Dollars or Canadian Dollars, as the case may be, of such sale; provided that (i) such Shares were (or are required to be) released from the Collateral Account in accordance with Section 2.10(b) or Section 2.10(c), (ii) such Shares were sold in a Regular Way transaction or transactions and (iii) the sale proceeds on settlement of such sale will be remitted directly to the Collateral Account as Cash Collateral thereunder.
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Examples of Cash Receivables in a sentence

  • To the knowledge of Intagio, the trade balances, Cash Receivables, Advertising Credits and Cash Media Liabilities for the Assigned Contracts set forth on Exhibits A, B and C are materially accurate as of the date stated on such Exhibits.

  • For purposes of this Agreement "Adjusted Net Working Capital" means, as of the date of determination, the sum of the "current assets", other than Cash, Receivables, and Excluded Inventory of Seller LESS "current liabilities," other than the amount of the Deferred Compensation Obligation and the Excluded Payables, of Seller, in all cases as determined pursuant to United States generally accepted accounting principles, consistently applied ("GAAP").

  • At Closing, in addition to the Purchase Price, Purchaser shall pay to Seller the amount of the cash equivalents, “ledger funds” and unavailable funds in the Bank Accounts at the Closing, to the extent that (a) any of the foregoing have been posted and have reduced Seller’s accounts receivable sub ledger or related asset account balance and (b) such amounts are assigned to Purchaser and are not retained by Seller as Cash Receivables.

  • A Margin Breach may be cured by Borrower with Cash, Cash Receivables, Cash Equivalents, Shares, Share Receivables or Approved Collateral to the extent that such Cash, Cash Receivables, Cash Equivalents, Shares and Share Receivables or Approved Collateral would be “Collateral” upon delivery or crediting into the Collateral Account or would otherwise be subject to a valid and perfected First Priority Lien for the benefit of the Lender Parties.

  • All cash, cash equivalents and marketable securities ("Cash"), trade and other accounts receivable and accrued revenues from third parties who are not Affiliates of Seller or ▇▇▇▇▇▇ ("Receivables"), prepaid expenses ("Prepaids"), and deposits ("Deposits"), as of the Closing Date and related to or generated by the operation of the System (Cash, Receivables, Prepaids, Deposits and Cellular Phones (as defined in Section 1.1(f)), are collectively referred to as the "Current Assets").

  • If ITEX fails to deliver such a written notice within 90 days following the Closing, Intagio’s determination of the Cash Receivables and Cash Credits shall be final and binding.

  • Annex 4.3 Definitions of Liabilities, Cash, Receivables, and Prepayments.

  • If ITEX and Intagio are unable to reach such agreement during such 30-day period, they shall promptly thereafter refer the matter to a mutually acceptable accounting firm (the “Determining Accountants”) to promptly review the disputed items or amounts for the purpose of calculating the amount of Cash Receivables and Cash Credits.

  • If ITEX delivers a written notice of disagreement pursuant to this Subsection, ITEX and Intagio shall, during the 30-day period following such delivery, use their good faith efforts to reach agreement on the disputed items or amounts in order to determine the amount of Cash Receivables and Cash Credits, which amount shall not be more than the amount thereof shown in ITEX’s calculations delivered pursuant to this Subsection nor less than the amount set forth in the updated Exhibit A delivered at Closing.

  • All cash, cash equivalents and marketable -------------- securities ("Cash"), trade and other accounts receivable and accrued revenues from third parties who are not Affiliates of Seller or ▇▇▇▇▇▇ ("Receivables"), prepaid expenses ("Prepaids"), and deposits ("Deposits"), as of the Closing Date and related to or generated by the operation of the System (Cash, Receivables, Prepaids, Deposits and Cellular Phones (as defined in Section 1.1(f)), are collectively referred to as the "Current Assets").