Contingent Receivable definition

Contingent Receivable means any Receivable, the Contract for which does not specify a date when payment thereof is due, but rather, provides that such Receivable is payable upon the occurrence of an event specified in such Contract.
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Contingent Receivable will mean a certain receivable for contingent commissions for business written prior to the Closing which was distributed or otherwise transferred from ECI to its then shareholders prior to this Agreement.
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Examples of Contingent Receivable in a sentence

  • Contingent Receivable - A Seam Condemnation In December 2014, PBS Coals, Inc.

  • Contingent Receivable – Forgivable LoansThe City has contingent receivables resulting from rehabilitation and improvement loans made through various Community Development Block Grant and Home Investment Partnership Programs.

  • All Deferred Contingent Receivables included in the 2017 Short-Term Deferred Contingent Receivable Amount and the Long-Term Deferred Contingent Receivable Amount as finally determined pursuant to Section 2.4, are and will be valid, existing and represent moneys due for goods sold and delivered or services rendered in the ordinary course of business consistent with past practice and have been booked on the consolidated balance sheet of the Group Companies in the ordinary course.

  • Direct admissions and transfers in to a Community Hospital must be as part of an agreed pathway, not as the default position.Patients need to be aged 18 years or over, medically stable and consent to admission/transfer has been given by the patient/family.

  • They expressed using empathy, validation, acceptance with all of their clients and likely were able to build a therapeutic alliance with each of their clients facilitated by their capacity for empathy, acceptance, and skills in validation.Generally speaking the empathy employed, while it is supportive in work with all clients, may be of particular use for TGNC clients.

  • Contingent Receivable – Forgivable LoansThe City has contingent receivables resulting from rehabilitation and improvement loans made through various Community Development Block Grant and Home Investment Partnership Pro- grams.

  • Under the New Earn Out Mechanism, the Founder Non-Compete and Leaver Amount, representing the portion of the Original Contingent Receivable attributable to Mr. Cao (approximately 60.7% of the total, or approximately RMB439.5 million), will be repayable to the Company if he ceases/terminates his employment or breaches the Revised Deed of Non-Competition during the New Earn Out Years and, therefore, will be recognised as deferred compensation cost and amortised as expenses during the New Earn Out Years.

  • The remaining portion of the Original Contingent Receivable will no longer be repayable by the Management Vendors under the New Earn Out Mechanism on the effective date of the Revised NCM Share Purchase Agreement, and will therefore be charged to the Company’s consolidated statement of comprehensive income as other loss, net.

  • The effects of the Proposed Amendments on the Group Financial effects – earnings and assets/liabilities As disclosed in the 2020 Interim Report, the Original Contingent Receivable of approximately RMB724.0 million was recognised as at June 30, 2020, which represents the estimated contingent receivable from the Management Vendors.

Related to Contingent Receivable

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Eligible Receivable means, at any time, a Receivable:

  • Eligible Accounts Receivable means, on any date, all Receivables denominated in Dollars payable by Eligible Account Obligors, except: (i) billed Receivables that have not been paid by the date 30 days after the respective due dates therefor; (ii) any Receivable subject to any asserted defense, dispute, claim, offset or counterclaim, provided that, if any such defense, dispute, claim, offset or counterclaim is asserted with respect to such Receivable in an amount equal to a sum certain, then such Receivable shall be an Eligible Account Receivable to the extent the face amount thereof exceeds such sum certain; (iii) all such Receivables subject to any repurchase or return arrangement; (iv) Receivables of each Eligible Account Obligor to the extent that the Receivables of such Eligible Account Obligor exceed 10% of all Receivables; (v) all Receivables that are payable by their terms more than 30 days from the respective invoice dates therefor; (vi) any Receivable in which the Lenders do not have a valid and perfected first priority security interest, except that such security interest may be subject to statutory Liens in respect of First Purchase Crude Payables that are not delinquent; (vii) any Receivable of a Subsidiary with respect to which any event described in Subsection 9.01(f) or (g) shall have occurred and be continuing; (viii) Receivables with respect to which the account debtor is not a Person resident in the United States; (ix) Receivables with respect to which goods have been placed on consignment, guaranteed sale or other terms by reason of which the payment by the account debtor may be conditional; (x) Receivables with respect to which an invoice has not been sent prior to the date of any Borrowing Base Report in which such Receivable is included for purposes of calculation of the Borrowing Base; (xi) Receivables which represent obligations of local, state or federal Governmental Authorities, unless such Governmental Authority is a Governmental Authority of the United States of America and such Governmental Authority has properly acknowledged the receipt of the assignment of Eligible Accounts Receivables in compliance with the Federal Assignment of Claims Act with respect thereto; (xii) Receivables which arise out of any contract or order which, by its terms, forbids or makes void or unenforceable any assignment by the Company to the Administrative Agent, for the benefit of Lenders, of the Receivable arising with respect thereto; (xiii) Receivables evidenced by any instrument, unless such instrument has been delivered to the Administrative Agent for the benefit of the Lenders, and (xiv) Receivables that are otherwise identified as unsatisfactory to the Administrative Agent or the Majority Lenders using reasonable business judgment.

  • Accounts Receivable has the meaning set forth in Section 2.01(a).

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.