Current Receivables means (a) all obligations of the trade debtors of the Owner due or owing to the Owner on account of the prevailing debit balances of the present book debts of the Owner and (b) all rights relating to the aforesaid property specified in clause (a), including, INTER ALIA, negotiable instruments, legal and equitable charges, reservations of property rights, rights of action, collection, recovery or security, rights of tracing an unpaid vendor's liens and similar and associated rights (and each reference to a "Current Receivable" shall be construed as a reference to the whole or any part of any one or more of them).
Current Receivables means, as of 11:59 p.m. on the calendar day prior to the Test Date or the Closing Date, as applicable, all receivables due from customers for (A) each payday loan or advance (i) made in the ordinary course of business; (ii) that is then less than five (5) days past its initial contractual payment due date; (iii) for which the customer check or ACH authorization has not been presented or deposited by the applicable Seller or returned or otherwise denied by the bank; and (iv) has not been or should not be re-aged or written-off using the aging and write-off rules and related business policies and accounting practices of the applicable Seller; and (B) each installment loan (i) made in the ordinary course of business; (ii) that is then less than six (6) days past an unpaid contractual payment due date; (iii) for which the customer check or ACH authorization has not been presented or deposited by the applicable Seller or returned or otherwise denied by the bank; and (iv) has not been or should not be re-aged or written-off using the aging and write-off rules and related business policies and accounting practices of the applicable Seller. For purposes of clarity, Current Receivables excludes any voided or rescinded loans where the customer has repaid the loan. The calculation of Current Receivables shall be made using the SQL scripts required to produce the output for the period of June 2, 2011 through July 1, 2011, as set forth on Schedule 2.04, subject to normal and customary deviations due to changes in historical data.
Current Receivables means only those Accounts Receivable that are outstanding for 60 days or less.
Examples of Current Receivables in a sentence
All loans secured by mortgage are recorded under Current Receivables, as they have been advanced on the basis that they are recoverable in full within 30 days of service by the mortgagee of written demand.
If the Principal Balance of the Delinquent Receivable proposed to be replaced by one or more Current Receivables is greater than the aggregate Principal Balances of such Current Receivables, the Seller shall deposit cash into the Concentration Account in an amount equal to such excess.
Current Receivables: Current receivables are £12.2m at 30th April 2017, £6.6m below plan.
Note: Total Debt= Short-Term Debt + Current Portion of Long-Term Debt +Long-Term Debt; if the sum of Cash and Interest Bearing Securities divided by Trailing 12-Month Average Market Capitalization is greater than or equal to 33%; if Accounts Receivables divided by Total Assets is greater than or equal to 45%.Note: Accounts Receivables = Current Receivables + Long-Term Receivables.
They are covered by the provisions of Standard 9 Current Receivables.
More Definitions of Current Receivables
Current Receivables means all accounts receivable of Seller, which arose in the Ordinary Course of Business, which, as of the Closing Date, are less than 90 days old and are not required to be set forth on Schedule 5.25.
Current Receivables means the Accounts Receivable of Seller that are, as of the Effective Date, outstanding less than 60 days after the first date on which payment of such amount was required pursuant to the applicable Financing Contract; provided, however, that in no event shall Current Receivables include any Accounts Receivable associated with (i) Lease Exceptions or (ii) amounts for sales, use and other similar Taxes.
Current Receivables is defined in Section 4.5(b).
Current Receivables means Receivables (as defined in subparagraph (e)): (i) with respect to which not more than 90 days have elapsed since the date of the original invoice applicable thereto, (ii) with respect to which the account debtor (A) is not an affiliate of Lessee and (B) has not filed bankruptcy or gone out of business, (iii) with respect to which the services covered thereby have been rendered and accepted by the account debtor and the finished goods covered thereby have been delivered to the account debtor and accepted by such account debtor, (iv) which are owing from the same account debtor or its affiliates so long as not more than 50% of such Receivables are unpaid more than 90 days after the original invoice date applicable thereto, and (v) in which the Bank has a first priority security interest.
Current Receivables means Receivables represented by
Current Receivables means all Accounts Receivable that as of the Closing Date are not more than 90 days past due. For the sake of clarity, Current Receivables shall not include any accounts receivable associated with the ETONIC business or the Sporting Goods Business.
Current Receivables means, as of any Cut-Off Date, the aggregate Outstanding Balance of Receivables as to which no payment, or part thereof, remains unpaid on or after the due original due date.