Closing Accounts Receivable definition

Closing Accounts Receivable means all accounts (including late fees and interest charges thereon) and notes receivable of the Company which are in existence as of the Closing Date.

Closing Accounts Receivable has the meaning specified in Section 1.7.

Closing Accounts Receivable is defined in Section 7.11.

Examples of Closing Accounts Receivable in a sentence

• By no later than sixty (60) days after Closing, Purchaser shall pay to Seller an amount equal to the remaining Closing Accounts Receivable, minus those uncollectible Closing Accounts Receivable as agreed upon by Purchaser and Seller.

• Purchaser shall pay over to Seller all collections of accounts receivable in connection with the Properties which have accrued as of Closing (the "Closing Accounts Receivable").

• Upon such payment to the Acquiror, the Closing Accounts Receivable which are so paid for by the Shareholders shall, without further action of any party, become the property of the Shareholders, who may pursue collection thereof; provided, however, that the Shareholders shall notify the account obligor that such collection efforts are not being undertaken on behalf of PentaStar.

• A = the Closing Accounts Receivable collected during the period beginning on the first day after the previous AR Measuring Date and ending on the AR Measuring Date (or, with respect to the first AR Measuring Date, the period beginning on the first day after the Closing Date and ending on the first AR Measuring Date).

• Upon such payment to PentaStar, the Closing Accounts Receivable which are so paid for by the Shareholders shall, without further action of any party, become the property of the Shareholders.

More Definitions of Closing Accounts Receivable

Closing Accounts Receivable is defined in Section 4.08.

Closing Accounts Receivable means all accounts (including late fees and interest charges thereon) and notes receivable of the Company in existence as of the Closing Date as set forth on the Closing Date Balance Sheet, determined in accordance with GAAP and on a basis consistent with the accounting practices of PentaStar but excluding in any event any Residual Payment Rights. Closing and Closing Date have the meanings given in Section 2.2.

Closing Accounts Receivable means the ending balance of the trade accounts receivable account as of 12:01 a.m. on the Closing Date, pursuant to Section 3.3.1(a).

Closing Accounts Receivable means the net trade accounts receivable of the Business as of the Closing Date, as determined in accordance with the Working Capital Principles.

Closing Accounts Receivable means the aggregate amount of accounts receivable of the Business as of the close of business on the Closing Date.

Closing Accounts Receivable shall have the meaning set forth in Section 2.3 hereof.

Closing Accounts Receivable means the Accounts Receivable of the Acquired Companies as of the Effective Time.