Net Accounts Receivable definition

Net Accounts Receivable means the book value of Accounts minus allowances for doubtful Accounts, determined in accordance with GAAP.

Net Accounts Receivable means the aggregate amount of the trade accounts receivable relating to the Business in existence as of the Effective Date determined as a percentage of the face value of each such trade accounts receivable based on the number of days such trade accounts receivable has been outstanding as of the Effective Date as follows: 30 days or Less 100 % 31 days – 60 days 92 % 61 days – 90 days 80 % 91 days – 120 days 50 % More than 121 days 25 %

Net Accounts Receivable means the aggregate amount of the Accounts Receivable, less reserves established in accordance with the Calculation Principles.

Examples of Net Accounts Receivable in a sentence

• Specific Disclosures with Respect to the Debtors’ Schedules An adjustment was made to the Allowance for Doubtful Accounts as of January 31, 2019 to adjust the Net Accounts Receivable down to an amount that management believes can reasonably be collected.

• The Net Accounts Receivable shall be determined after taking into account reserves for bad debt expense calculated on an accounting basis consistent with the method used to calculate such reserves for purposes of preparing the Balance Sheet, and the Tangible Net Worth shall be determined on a basis consistent with the Balance Sheet and shall be increased for any depreciation since March 31, 2005.

• The Arbitrating Accountant shall resolve the dispute as to the calculation of the Net Accounts Receivable and/or the Tangible Net Worth in a written determination to be delivered within five (5) Business Days following the end of the submission period, provided that any delay in delivering such determination shall not invalidate the award or otherwise deprive the Arbitrating Accountant of jurisdiction.

• 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.

• Immediately following the receipt by Seller of Purchaser’s Notice of Objection pursuant to Section 1.6 hereof, the parties shall use their respective best efforts to resolve the dispute regarding the calculation of the Net Accounts Receivable and/or the Tangible Net Worth.

More Definitions of Net Accounts Receivable

Net Accounts Receivable means all Accounts Receivable of the Corporation on the Effective Date, less a reasonable allowance for doubtful accounts as provided in the Final Statements to be prepared by the Independent Auditors;

Net Accounts Receivable means: (a) the accounts receivable included in the Purchased Assets or relating to the Japan Business, minus (b) the accounts payable included in the Assumed Liabilities or relating to the Japan Business; and in the case of both clauses (a) and (b), calculated in accordance with GAAP and on a basis consistent with past practice.

Net Accounts Receivable means (a) gross accounts receivables less (b) reserves established with respect to accounts receivables.

Net Accounts Receivable means Receivables less the sum of (x) allowance for doubtful accounts, and (y) estimated xxxx backs to customers relating to the Receivables, all as shown on the Wholesale Balance Sheet. For the avoidance of doubt, Receivables shall not include any accounts receivable subject to the Northrim Facility.

Net Accounts Receivable means Borrower’s net trade accounts receivable determined in accordance with GAAP.

Net Accounts Receivable means, as of any date of determination, the consolidated accounts receivable of the Borrower less all applicable reserves (in each case, as determined in accordance with generally accepted accounting principles consistently applied).

Net Accounts Receivable means the accounts receivable of Borrower recorded in accordance with GAAP on the balance sheet of Borrower as of the end of the most recent monthly reporting period, net of any reserves for doubtful accounts, as reported to Bank.”