Net Accounts definition

Net Accounts means, without duplication, Accounts of the Credit Parties and the “Credit Parties” under and as defined in the Revolving Loan Agreement aged less than 90 days (or, in the case of Qwest, Vodafone Egypt and Cable & Wireless Panama, 120 days) from invoice date.

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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).

Net Accounts are all Accounts less any Accounts funded pursuant to Borrower's ▇▇▇▇ of Exchange Purchase Agreement with Bank.

Examples of Net Accounts in a sentence

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”).
The “Final Closing Net Accounts Receivable” shall be the Closing Net Accounts Receivable set forth on the Final Closing Statement.
A ratio of unrestricted cash, cash equivalents and short-term and long-term marketable securities, plus ten percent (10%) of Net Accounts Receivable divided by the aggregate Obligations of not less than 2.00 to 1.00.
For the avoidance of doubt, no adjustments will be made to Net Accounts Receivable based on foreign exchange fluctuations.
Within 90 days following the Closing, Purchaser will prepare (under the observation of Seller or Seller's designee) and will provide Seller with a calculation of Net Accounts Receivable.
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.
If the Final Closing Net Accounts Receivable exceeds the Target Net Accounts Receivable by more than US$50,000, then Purchaser shall pay to Seller the total amount of such excess, with interest as provided in Section 3.03(e), as an adjustment to the Initial Purchase Price, exclusive of any Transfer Taxes and without reduction for any withholding Taxes.
No changes will be made to Net Accounts Receivable amounts due to any changes in foreign exchange rates.
The Seller and the Purchaser shall make reasonably available to the CPA Firm all relevant books and records, any work papers (including those of the parties' respective accountants) and supporting documentation relating to the Closing Statement, the Closing Calculation, the Purchaser's Net Accounts Receivable Calculation and all other items reasonably requested by the CPA Firm.
Accounts Receivable shall be valued as of the close of business on the Closing Balance Sheet Date, net of a reserve in an amount consistent with the reserve established in the Reports, with no value being given to Accounts Receivable more than one hundred fifty (150) days past due (the "Net Accounts Receivable Value").

More Definitions of Net Accounts

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.

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.