Closing Date Accounts Receivable definition

Closing Date Accounts Receivable has the meaning ascribed to it in Section 1.03(a).

Closing Date Accounts Receivable means the aggregate dollar amount of accounts receivable of the Vendors related to the Business, including without restriction defaulted loans, all cheques returned unpaid, Loan Portfolio, accounts receivable, notes receivable and similar items in the process of collection owned or otherwise held by the Vendors as of the Effective Time. Closing Date Accounts Receivable does not include post dated cheques not related to a payday loan transaction or cheques deposited prior to the Closing Date that are returned on or after the Closing Date.

Closing Date Accounts Receivable. Section 5.22

Examples of Closing Date Accounts Receivable in a sentence

• The term "Closing Date Accounts Receivable Report" shall mean an Accounts Receivable Report prepared as of the Closing Date.

• Each of the Closing Date Balance Sheet Report, the Closing Date Accounts Receivable Report, the Closing Date Accounts Payable Report, the Closing Date Schedule of Accrued Liabilities and the Closing Date Income Statement (collectively, the "Closing Date Reports") of the Seller shall be prepared by the Seller, as promptly as possible after the Closing.

• Purchaser shall, after the Closing Date, also provide Sellers with reports from time to time as to the Closing Date Accounts Receivable collected.

• Following the termination of the Transition Period, IMS agrees to promptly remit to the Company any amounts in respect of accounts receivable arising from the CD Business after the Closing Date ("Accounts Receivable") that are collected or received by IMS or its Affiliates.

• After such uncollected Closing Date Accounts Receivable are purchased by Sellers, Purchaser will continue to make efforts to collect such Closing Date Accounts Receivable in the normal course of business, and any payments received thereon by Purchaser will be remitted to Sellers after deducting any expenses incurred in connection with such collection.

More Definitions of Closing Date Accounts Receivable

Closing Date Accounts Receivable shall have the meaning set forth in Section 6.3(j).

Closing Date Accounts Receivable means the Accounts Receivable of the Company as of the Closing Date and calculated consistent with past practices, with Accounts Receivable greater than 120 days from the date of invoice valued at fifty (50%) of the face value thereof, which shall be finally determined pursuant to Section 2.6.

Closing Date Accounts Receivable means the amount of the Company's accounts receivable on the Closing Date as reflected in the Closing Date Financial Statements;

Closing Date Accounts Receivable means the aggregate dollar amount of accounts receivable of the Partnership at the time of Closing.

Closing Date Accounts Receivable has the meaning set forth in Subsection 4.3(b).

Closing Date Accounts Receivable means the accounts receivable of Seller related to the Business as of the Effective Time.

Closing Date Accounts Receivable means all accounts receivable of the Companies (as hereinafter defined) as of the close of business immediately prior to the Closing Date that have arisen from operation of the Business in the ordinary course consistent with past practices.