Delinquent AR definition

Delinquent AR is defined in Section 2.2(c).
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Delinquent AR shall have the meaning given in such term Section 2.3(a).
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Examples of Delinquent AR in a sentence

  • Each Company shall collect its Delinquent AR in accordance with reasonable business practice and its historic methods and without regard to the status thereof pursuant to this Agreement, and shall collect such Delinquent AR, in the same manner and using the same business judgment as if such Delinquent AR were for the account of a Company (rather than Sellers).

  • If any of either Company’s accounts receivable are excluded from the definition of “Net Working Capital” on account of such accounts receivable constituting Delinquent AR, if and when such Delinquent AR is collected, such Delinquent AR, net of any costs of collection, shall be for the account of Sellers and paid to Sellers as an adjustment to the Purchase Price.

Related to Delinquent AR

  • Delinquent Account means an account with charges for electric services that remain unpaid at least 5 days after the due date.

  • Delinquent child means a child who has committed a delinquent act or an adult who has committed

  • Delinquent A Mortgage Loan is "delinquent" if any payment due thereon is not made pursuant to the terms of such Mortgage Loan by the close of business on the day such payment is scheduled to be due. A Mortgage Loan is "30 days delinquent" if such payment has not been received by the close of business on the corresponding day of the month immediately succeeding the month in which such payment was due, or, if there is no such corresponding day (e.g., as when a 30-day month follows a 31-day month in which a payment was due on the 31st day of such month), then on the last day of such immediately succeeding month. Similarly for "60 days delinquent," "90 days delinquent" and so on.

  • Delinquent Loan A Mortgage Loan that is delinquent at least sixty (60) days in respect of its Monthly Payments or Balloon Payment, if any, in either case such delinquency to be determined without giving effect to any Grace Period.

  • Delinquent Contract means any Contract as to which all or a portion of a Scheduled Payment (constituting at least ten percent (10%) of such Scheduled Payment due) is more than 60 days delinquent from its original due date.