Examples of Notes Receivable in a sentence
No later than three (3) Business Days prior to the Closing, Seller shall deliver to Buyer a statement (the “Estimated Closing Statement”) setting forth its good faith estimates of Closing Working Capital, Cash and Cash Equivalents, the Notes Receivable Amount, Closing Indebtedness and Seller Expenses, together with a calculation of the Purchase Price based on such estimates (the “Estimated Purchase Price”).
Employee Notes Receivable In November through December 2000, the Company loaned $1,790,948 to certain employees and officers for the exercise of incentive stock options.
TO HAVE AND TO HOLD, each of the Notes Receivable, the Bucksport, Portsmouth and Oceanside Terminal Assets unto the SPV, its successors and assigns, together with all and singular the rights and appurtenances thereto in anywise belonging, subject, however, to the terms and conditions stated in this Agreement and in such instruments of conveyance, forever.
If a Group Company finances any portion of such sale, transfer or assignment for the third party purchaser, the financed portion (i.e., a note or other Indebtedness) shall not be included in the Notes Receivable Amount.
Delinquent accounts will be processed under the procedures described in OAR 576-010-0011 (OSU Collecting Accounts and Notes Receivable).