Contra Accounts definition

Contra Accounts means the actual and potential amount, as determined by Axxxxxxxx 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.
Sample 1
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.
Sample 1
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.
Sample 1

Examples of Contra Accounts in a sentence

  • Ineligible accounts receivable, which will be placed in "reserve" and not be included on "eligible" accounts, are described as follows: (1) Accounts over 90 days old (2) Contra Accounts (3) Foreign receivables (4) Government receivables (state, local and federal) (5) Affiliate receivables (6) Credit memos (7) Accounts subject to the 25% rule (8) Consignments (9) Retainages (10) Progress Billings.

  • Contra Accounts to be ineligible unless Congress obtains satisfactory Non-Offset Agreements.


More Definitions of Contra Accounts

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, Dougxxxxx xx 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.
Sample 1
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
Sample 1
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;
Sample 1
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.
Sample 1
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.
Sample 1

Related to Contra Accounts

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Collection Accounts As defined in Section 3.10(a).

  • Separate Accounts means the accounts which are to be prepared for each

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Locked Box Accounts means the accounts in agreed form of the Group Companies, comprising a balance sheet as at the Locked Box Date and profit and loss account for the period which commenced on 18 October 2016 and which ended on the Locked Box Date;

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Other Accounts means all of the accounts and funds, other than the Sub-Advised Assets, managed by the Sub-Adviser for or on behalf of Northern Trust Investments, Inc. and/or its affiliates that have a substantially similar investment strategy for which the Sub-Adviser is being engaged pursuant to this Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Excluded Deposit Accounts means, collectively, (i) payroll and payroll taxes accounts, workers’ compensation accounts and other employee wage and benefit payment accounts and xxxxx cash accounts, (ii) trust accounts and (iii) deposit accounts other than Collection Accounts and Collateral Deposit Accounts (as each such term is defined in the Revolving Credit Agreement), so long as the aggregate amount on deposit in all such deposit accounts does not exceed $2,500,000 in the aggregate at any time.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.