Examples of Effective Date Accounts in a sentence
LRA-CA shall make a good faith effort to collect the Effective Date Accounts Receivable.
Shareholder represents and warrants that all Effective Date Accounts Receivable shall be collectible in their full amounts less a reserve for doubtful accounts of ten percent (10%) of the total principal amount of Effective Date Accounts Receivable outstanding within twelve (12) months of the Effective Date.
Any payments not accompanied by a specific reference to an invoice or other payment application received by Buyer or the Company from customers with respect to the Business shall be first applied to the Effective Date Accounts Receivable, otherwise such payment shall be applied as specified.
The Effective Date Balance Sheet Report, the Effective Date Accounts Receivable Report and the Effective Date Accounts Payable Report (collectively, the "Effective Date Financial Reports") shall be prepared by the Buyer and the Buyer's Accountants as promptly as possible after the Closing, and the Buyer shall deliver the Effective Date Reports to the Seller and the Company's Accountants as soon as possible but in no event later than 30 days after the Closing Date.
The Purchaser shall within 15 Business Days after sending such draft accounts give notice in writing to the Seller whether it accepts the draft accounts as the Effective Date Accounts.