Excluded Accounts Receivable definition

Excluded Accounts Receivable shall have the meaning set forth in SECTION 1.2(b).

Excluded Accounts Receivable has the meaning set forth in Section 2.04(b)(i).

Excluded Accounts Receivable means (a) the Retained Accounts Receivable and (b) such accounts and notes receivable that constitute Separation Assets.

Examples of Excluded Accounts Receivable in a sentence

• Within one (1) business days before the Closing, Securityholders will delivery to Focus Universal a schedule of all Current Accounts Receivable and Excluded Accounts Receivable.

• Focus Universal will cause all Excluded Accounts Receivable to be assigned to Securityholders without recourse, on Securityholders’ payment of those accounts.

• After the Closing Date, Buyer shall use its Best Efforts to assist Seller in the collection of the Excluded Accounts Receivable.

• From and after the Closing, as Focus Universal or any of its affiliates receives or collects any funds relating to any Excluded Accounts Receivable, Focus Universal or its affiliate shall remit such funds to Securityholders within five (5) business days after its receipt thereof.

• Buyer shall provide access to Seller during normal business hours to any Records of Buyer that relate to the Excluded Accounts Receivable, and Seller may, at its expense, make copies of such Records.

More Definitions of Excluded Accounts Receivable

Excluded Accounts Receivable means (i) all trade accounts receivable and other rights to payment from customers of Seller, which amounts as of the Closing Date are 90 days or more past due (based on the date of invoice for such accounts receivable), and the full benefit of all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of services rendered to customers of Seller, which amounts as of the Closing Date are 90 days or more past due (based on the date of invoice for such accounts receivable), (ii) all other accounts or notes receivable of Seller, which amounts as of the Closing Date are 90 days or more past due (based on the date of invoice for such accounts or notes receivable), and the full benefit of all security for such accounts or notes; and (iii) any claim, remedy or other right related to any of the foregoing;

Excluded Accounts Receivable means (i) those accounts receivable and other receivables relating to the Business transferred to certain financial institutions by Seller or its Affiliates prior to the Closing pursuant to that certain Receivables Purchase Agreement dated as of October 7, 2004 among Flowserve Receivables Corporation, Seller and certain financial institutions party thereto, regardless of whether such accounts receivable or other receivables have been subsequently reconveyed to, or repurchased by, Seller and its Affiliates prior to the Closing, which accounts receivable and other receivables are set forth in detail on Schedule 1(a)(i), (ii) those accounts receivable relating to IPSCO listed on Schedule 1(a)(i)(2), and (iii) Flowserve GSG Asset Purchase Agreement any other account receivable that as of the Closing Date, remained uncollected more than one-hundred twenty (120) days after the original invoice date for such account receivable.

Excluded Accounts Receivable has the meaning set forth in Section 2.4(c).

Excluded Accounts Receivable means accounts receivable of the Business as of the Closing Date (and the proceeds thereof), other than the Transferred Accounts Receivable.

Excluded Accounts Receivable means the Accounts Receivables as agreed to by Buyer and Seller Post-Closing.

Excluded Accounts Receivable means all accounts receivable, billed and accrued, resulting from the operation of the System, other than accounts receivable due from subscribers of the System.

Excluded Accounts Receivable means, in each case solely with respect to the Business, all trade accounts receivable and other rights to payment from customers or lessees of Seller or any of its Subsidiaries, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products or assets sold or leased or services rendered to customers or lessees of Seller or any of its Subsidiaries, solely earned for periods ending on or before the Revenue Cutoff Date.