Net Receivables definition

Net Receivables means gross receivables less an allowance for uncollected receivables as determined in accordance with GAAP.

Net Receivables shall have the meaning set forth in Clause 2.2(c).

Net Receivables means total trade receivables (including related parties) and accrued revenue, less deferred income. ‘NOC’ means network operating centre.

Examples of Net Receivables in a sentence

• Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance as of any date is an Eligible Receivable as of such date.

• Each Pool Receivable included as an Eligible Receivable in the calculation of the Net Receivables Pool Balance is an Eligible Receivable.

• Each Receivable included in the Net Receivables Balance as an Eligible Receivable on the date of its purchase under the Receivables Sale Agreement was an Eligible Receivable on such purchase date.

• Seller has determined that, immediately after giving effect to each purchase hereunder, the Net Receivables Balance is at least equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves.

• At no time prior to the Amortization Date shall Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Aggregate Reserves.

More Definitions of Net Receivables

Net Receivables has the meaning set forth in Section 5.12(c).

Net Receivables means total trade receivables (including related parties) and accrued revenue, less deferred income.

Net Receivables means total trade receivables (including related parties) and accrued revenue, less deferred income. “Orange” means Orange S.A.

Net Receivables means, on any day, in respect of any Permitted --------------- Receivables Financing, the outstanding balance of accounts receivable sold, transferred, pledged or otherwise subject to Liens, in each case, to or in favor of a Receivables Financier (as hereinafter defined) in connection with such Permitted Receivables Financing, excluding any accounts receivable not included in the calculation of the Receivables Financier's percentage interest in the Transferred Assets (as hereinafter defined) (it being understood that only the percentage interest shall be included in this calculation) or borrowing base (such excluded accounts receivable may include, without limiting the foregoing in any manner, any such accounts receivable (x) not meeting the eligibility criteria under such Permitted Receivables Financing, (y) exceeding the applicable concentration limits set forth for such Permitted Receivables Financing, or (z) which are or become defaulted, delinquent, charged-off or otherwise cease to be creditworthy as set forth in, and as determined in accordance with, such Permitted Receivables Financing).

Net Receivables means, at any time, an amount equal to the reported aggregate Unpaid Net Balance of all Receivables (including the Specified Government Receivables the subject of Participation Interests) at such time, minus (i) the aggregate Unpaid Net Balance of all Receivables (including the Specified Government Receivables the subject of Participation Interests) that are not Eligible Receivables or the subject of Eligible Participation Interests, as applicable, at such time, minus (ii) Receivables (other than those covered by any other clause of this definition) that are not yet Defaulted Receivables which are owing from any Top 10 Obligor as to which more than 50% of the aggregate Unpaid Net Balance of all Receivables owing from such Top 10 Obligor are Defaulted Receivables, minus (iii) the Excess Concentration Amount at such time, and minus (iv) the Excess Rollforward Difference.

Net Receivables means the sum of trade accounts receivable as of the Closing included in the Purchased Assets and on the Statement of Assets and Liabilities (determined in accordance with GAAP) minus, in each case, reserves for doubtful trade accounts receivable (such reserves to be calculated in accordance with GAAP based on the historical experience of each Seller).

Net Receivables means the Receivables at Completion less any allowance for doubtful receivables at Completion (excluding any allowance for doubtful receivables for claims relating to "Taxe sur les salaires et organic");