Current Accounts Receivable definition

Current Accounts Receivable means all accounts receivable of the Company and its Subsidiaries outstanding as of the Closing Date and less than 90 days past due that are owed to the Company and its Subsidiaries by customers determined in accordance with GAAP (net of reserves), which are set forth on the Adjusted Net Cash Amount Certificate.

Current Accounts Receivable means accounts receivable of the Group Companies that are aged 120 days or less as of the Closing Date.

Current Accounts Receivable means $809,384.56, which is the current accounts receivable amount owed by Borrower to DE and unpaid as of the Closing Date.

Examples of Current Accounts Receivable in a sentence

• Example 1: If the Estimated Accounts Receivable and the Current Accounts Receivable reflected in the Closing AR Schedule equal or exceed $16,000,000, no further adjustment to the Purchase Price will be made (Purchaser having paid $95,000,000 on the Closing Date).

• On the fifteenth Business Day following delivery of the Closing AR Schedule (the "Purchase Price Adjustment Date") Purchaser and PSA SUB shall recalculate the Purchase Price in accordance with Section 1.2(c) and effect the transfer of any funds as may be necessary to reflect adjustments to the Purchase Price resulting from any differences between the Estimated Accounts Receivable and the Current Accounts Receivable reflected in the Closing AR Schedule.

• Interest shall begin accruing on the Current Accounts Receivable as of the Closing Date and interest shall begin accruing on each future unpaid invoice thirty (30) days after Borrower receives the invoice.

• The Buyer will also verify the amount of Cash and Cash Equivalents, Current Accounts Receivable, Deferred Revenues and Other Liabilities as of the Closing Date.

• The Purchase Price will be increased or decreased (as the case may be) by the difference between the Verified Current Accounts Receivable and the Estimated Current Accounts Receivable amount.

More Definitions of Current Accounts Receivable

Current Accounts Receivable means all sums owed to the Company from Customers which are not more than 90 days past due.

Current Accounts Receivable has the meaning set forth in Section 11.3(b).

Current Accounts Receivable means those domestic consolidated receivables of the Companies, for inventory sold or services rendered in the ordinary course of business, payable in cash and the customer's full balance is outstanding less than 121 days after the first invoice date.

Current Accounts Receivable means all Accounts Receivable within the 89 calendar days preceding the date hereof.

Current Accounts Receivable means Accounts Receivable whose invoice date is less than ninety (90) days before the Closing Date.

Current Accounts Receivable means accounts receivable that are current within the applicable Seller’s terms and do not exceed 45 days.

Current Accounts Receivable means an amount equal to the lesser of (i) the aggregate of all amounts due from clients to Intagio as of the Closing Date from accounts marked as either “Active,” “Restricted,” or “Sales Restricted” on Exhibit A, to the extent such accounts are either current or are no more than 90 days past due, or (ii) $150,000.