Contra Accounts definition
Contra Accounts means the aggregate of Borrower's and Guarantor's accounts receivable from a third party that are offset by the aggregate of Borrower's and Guarantor's accounts payable owed to said third party.
Contra Accounts. Any account receivable where Borrower has a corresponding account payable. Stated differently, any situation where there are mutual accounts receivable and accounts payable existing between Park, Doug▇▇▇▇▇ ▇▇ RX or any future subsidiary of any one or more of Borrower in respect of inter-company obligations as well as any obligations with a third party.
Contra Accounts means the actual and potential offset value of any amount owed by the Company to a Debtor against the amount owed by the Debtor to the Company as part of a reciprocal trading relationship as determined by Barclays (acting reasonably) from the month end debtors and creditors aged analyses.
Examples of Contra Accounts in a sentence
G) The following sales are to be excluded: Associated Companies, Cash Sales, Bad Debts, Contra Accounts and Proforma sales invoices.
More Definitions of Contra Accounts
Contra Accounts means Borrower's accounts receivable from a third party that are offset by the Borrower's accounts payable owed to said third party.
Contra Accounts means Trade Accounts Receivable owed to the Company by account debtors to which the Company owes offsetting accounts payable obligations. Copyrights shall mean all copyrights, copyright registrations, recordings, applications, designs, styles, licenses, marks, prints and labels bearing any of the foregoing, goodwill, any and all general intangibles, intellectual property and rights pertaining thereto, and all cash and non-cash proceeds thereof. Debtors shall mean the Company and Crown Pacific Partners, L.P., a Delaware limited partnership; CP Air, Inc., an Oregon corporation; CP Acquisition Co., an Oregon corporation; CP Acquisition II Co., an Oregon corporation; and CP Acquisition III Co., an Oregon corporation. Default shall mean any event specified in Paragraph 10.1 hereof, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act, has been satisfied.
Contra Accounts means the actual and potential amount, as determined by A▇▇▇▇▇▇▇▇ acting reasonably, that a Debtor could set off against the amount owed by the Debtor to the Client by virtue of a reciprocal trading relationship. Contract of Sale means a contractual arrangement between the Client and a Debtor for the sale of goods and/or work done and materials supplied and/or services rendered and/or hiring under which a Receivable arises.
Contra Accounts such Account to the extent the Borrower or any subsidiary thereof is liable for goods sold or services rendered by the applicable Account debtor, but only to the extent of the potential offset; (11) Inter-Company/Affiliate Accounts: such Account arises from a sale to any Affiliate of any Loan Party or any employee, officer or director of the Borrower or any Subsidiary or any of their respective Affiliates or to any entity that has any common officer or director with any Loan Party; provided that the foregoing shall not apply to Accounts arising from sales (which sales are on terms and conditions not less favorable to the applicable Loan Party than would reasonably be obtained by such Loan Party in a comparable arm’s length transaction with a Person other than an Affiliate of a Loan Party) to any Affiliates (other than the Borrower and its Subsidiaries) that are portfolio companies of the Investors; (12) Unbilled Accounts: an invoice with respect to such Account has not been sent to the applicable Account debtor; (13) Progress Billing: such Account (i) as to which a Loan Party is not able to bring suit or otherwise enforce its remedies against the applicable Account debtor through
Contra Accounts means the actual and potential amount that a Network Provider could set off against the amount owed by the Network Provider to an Opco by virtue of a reciprocal trading relationship (and not otherwise represented as a Specified Reserve), as determined from time to time (acting reasonably and in good faith at all times) by the Receivables Purchaser from the information provided to the Receivables Purchaser by the Opcos and in relation to which the Receivables Purchaser consults with CPW at least three Business Days before such application and provides a written explanation to CPW justifying such application;