Cash Received definition
Examples of Cash Received in a sentence
Failure to notify Sellers of its disagreement with the calculation within such 30-day period shall be deemed acceptance of the Cash Received Statement by Purchaser.
During such 30-day period, Sellers shall provide Purchaser and its Representatives access to such financial and other information as required pursuant to Section 5.7 to aid Purchaser in its verification of the Cash Received Statement.
Purchaser shall have 30 days following the receipt of the Cash Received Statement to notify Sellers of any disagreements with such Cash Received Statement, which notice shall contain reasonable detail.
If Cash Received exceeds $1,270,000, Sellers shall pay to Purchaser, by wire transfer of immediately available funds, the amount of such excess (the “Excess Amount”) on the date of delivery of the Cash Received Statement.
Each such payment shall be in an amount equal to the amount of Cargill Designated Funds attributable to such receipt of Available Cash Received.
The Servicer shall deposit all Collections received in connection with the sale or other disposition of Purchased Inventory, including any sale of Receivables arising therefrom, on the date of receipt thereof by the Servicer into the Cash Received Account.
Total £ (Cheque / Card / Cash) Received & checked by (Signed by EDCS) ….……………………….………………….
Application of Cash Received in Respect Of Financing Agreements 9 Section 2.04.
If on any such Business Day there shall not be sufficient funds in the Cash Received Account to make such transfer to the Collateral Agent, the Servicer shall on each subsequent Business Day transfer the entire balance in the Cash Received Account to the Collateral Agent until such time as the aggregate amount so transferred equals the amount required to have been transferred under the operation of the first sentence of this subparagraph (d).
Lenders holding Altisource Shares shall be required to hold such shares in a manner to not result in Altisource being treated as a “controlled foreign corporation.” Cash Received from the Exercise of Cash Exercise Shareholder Warrants A minimum of 95% of proceeds the Company receives in connection with the exercise of Cash Exercise Shareholder Warrants shall be used to prepay the Exchange First Lien Loans.