Gross Accounts Receivable definition

Gross Accounts Receivable means Receivables of a Credit Party arising in the ordinary course of business, payable in accordance with reasonably customary trade terms.

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Gross Accounts Receivable means the gross amounts billed using Current Procedural Terminology codes without applying an allowance for doubtful accounts (the “Collateral”).

Gross Accounts Receivable means, as of any date of determination (and without duplication), the amount of all accounts receivable, receivables and obligations for payment created or arising from the sale or shipment of inventory or the rendering of services in the ordinary course of business owned by or owing to the Credit Parties and in which the Lenders have a first priority perfected security interest.

Examples of Gross Accounts Receivable in a sentence

• 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.

• 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.

• 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.

More Definitions of Gross Accounts Receivable

Gross Accounts Receivable means, at any particular time, an amount equal to the aggregate amount of the entries which would, in accordance with Generally Accepted Accounting Principles, be classified on the consolidated balance sheet of BRL (excluding Non-Recourse Subsidiaries) as trade accounts receivable at such time and each of which: