Gross Accounts definition

Gross Accounts means 100% of the gross amount of all Accounts, including any unbilled Accounts as calculated in accordance with generally accepted accounting principles, excluding, however, all credit insurance, guaranties, or security therefore.
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Examples of Gross Accounts in a sentence

  • Curation Balance of Accounts outstanding as of:___________1/23/22 (a) A/R aging balance outstanding 8,005 (b) Add back Customer Deposits 0 Total Gross Accounts Outstanding 8,005 2.

  • To the Company's knowledge, there is no reason why all such Gross Accounts Receivable will not be collected in the ordinary course of business, and such Gross Accounts Receivable are not subject to set- off or counterclaim.

  • Gross Accounts Receivable Per Attached Aging For Period End: --------- 3.

  • Gross Accounts of the Companies (ending balance for period ended _______________, 19__)...................................................................................

  • For purposes of the foregoing, Asset Coverage Ratio shall mean the ratio of the Borrowers’ Total Gross Accounts Receivable (as of the applicable measurement date) to the Borrowers’ Total Funded Senior Secured Debt.

  • The Gross Accounts ------------------------------------------- Receivable represent valid claims against account debtors for goods delivered or services rendered by the Company.

  • In addition, Foothill shall have no obligation to make Advances hereunder to the extent they would cause the outstanding Obligations to exceed the lesser of (x) the Maximum Foothill Amount plus the Syndicated Amount and (y) the Gross Accounts.

  • Within ten (10) days after receipt of such collection report, Seller shall pay to Buyer an amount equal to the Gross Accounts Receivable (as defined below) which have not been collected.

  • For purposes of this Section, Gross Accounts Receivable means, the gross Accounts Receivable as of the Closing Date less any reserve for Accounts Receivable shown on the Closing Financial Statements.

  • All of Debtor’s interest in $3,000,000 of Debtor’s Gross Accounts Receivables (meaning the gross amounts billed using Current Procedural Terminology codes without applying an allowance for doubtful accounts).