Net Accounts definition

Net Accounts means, without duplication, Accounts of the Credit Parties and the “Credit Parties” under and as defined in the US Loan Agreement aged less than 90 days (or, in the case of Qwest, Vodafone Egypt and Cable & Wireless Panama, 120 days) from invoice date.
Sample 1
Net Accounts are all Accounts less any Accounts funded pursuant to Borrower's Xxxx of Exchange Purchase Agreement with Bank.
Sample 1
Net Accounts means all of the Borrowers' Accounts, less a reserve for disputed accounts as calculated or adjusted by the Borrowers from time to time and confirmed by the Auditor.
Sample 1

Examples of Net Accounts in a sentence

  • A/P = Net Accounts Payable Trade & Unvouchered balance at month-end.

  • Cash and Cash Equivalents, Wholesale Notes, Accounts (Wholesale and Retail), Restricted Cash and Cash Equivalents, and Net Accounts Due to Affiliates.

  • The WC/S ratio for this purpose is defined as: Average (A/R + Inventory - A/P) Working Capital to Sales = Gross Sales Where: A/R = Net Accounts Receivable Trade balance at month-end.

  • The Warrant Agent will not be required to give any bond or security in respect of the execution of the trusts and powers on this Indenture or otherwise in respect of the premises.

  • The “Final Closing Net Accounts Receivable” shall be the Closing Net Accounts Receivable set forth on the Final Closing Statement.

  • Within one hundred and twenty (120) calendar days after the Closing, Purchaser shall deliver to Seller a written statement (the “Closing Statement”) setting forth Purchaser’s calculation of (i) the Working Capital Adjustment and (ii) the Net Accounts Receivables as of the point in time immediately prior to the Closing (the “Closing Net Accounts Receivable”).

  • For the avoidance of doubt, no adjustments will be made to Net Accounts Receivable based on foreign exchange fluctuations.

  • The fair values of Senior and Secured Borrowings are estimated by discounting the future contractual cash flows using an estimated discount rate reflecting interest rates and credit spreads currently being offered for debt with similar terms since there is no public market for this debt.Cash and Cash Equivalents, Wholesale Notes, Accounts (Wholesale and Retail), Restricted Cash and Cash Equivalents, and Net Accounts Due to Affiliates.

  • Heinz shall pay to Spinco at the Effective Time, by payment of immediately available funds to an account designated by Spinco, an amount equal to the Estimated Net Accounts Balance, if a positive number.

  • No Net Accounts Receivable shall be assigned to the Sellers even if they are subject to a US$-for-US$ reduction of the Holdback Amount.


More Definitions of Net Accounts

Net Accounts means an amount equal to the sum of the Accounts Receivable plus the Accounts Payable (where Accounts Payable is treated as a negative number).
Sample 1
Net Accounts means all Accounts for which the account debtors have been directed to pay amounts due to the Lockbox Account under Section 2.09 less allowance for doubtful credits.
Sample 1

Related to Net Accounts

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Management Accounts means unaudited accounts which shall incorporate a profit and loss statement, cash flow statement and balance sheet.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Project Accounts means accounts referred to in and required to be established under the Senior Funding Agreements;

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Separate Accounts means the accounts which are to be prepared for each

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s).

  • Latest Accounts means, in respect of any financial quarter or year of the Group, the latest unaudited (in respect of each financial quarter) or audited (in respect of each financial year) financial statements required to be prepared pursuant to clause 8.1.6;

  • Accounts means all presently existing and hereafter arising accounts, contract rights, and all other forms of obligations owing to Borrower arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by Borrower, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by Borrower and Borrower's Books relating to any of the foregoing.

  • Principal Account(s means deposit accounts of the Fund carried on the books of BBH&Co. as principal in accordance with Section 7 hereof.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Locked Box Accounts means the accounts in agreed form of the Group Companies, comprising a balance sheet as at the Locked Box Date and profit and loss account for the period which commenced on 18 October 2016 and which ended on the Locked Box Date;

  • Collection Accounts As defined in Section 3.10(a).

  • Current Account means a form of demand deposit wherefrom withdrawals are allowed any number of times depending upon the balance in the account or up to a particular agreed amount and will also include other deposit accounts which are neither Savings Deposit nor Term Deposit.

  • Investment Account As defined in Section 3.12(a).

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Audited Accounts means the audited accounts of the Company and of each of the Subsidiaries and the audited consolidated group accounts of the Group for the financial period ended on the Balance Sheet Date;