Outstanding Accounts definition
Examples of Outstanding Accounts in a sentence
Annex B sets forth a complete and correct list of all Outstanding Accounts Payable (including, without limitation the applicable vendor and outstanding balance in respect thereof) known to Borrower on the Restatement Date.
Upon the Seller’s reimbursement of the Outstanding Accounts Receivables to the Buyer, the Buyer shall assign the right for collection of the Outstanding Account Receivables to the Seller.
Sellers, after such assignment, may take such proceedings as it deems advisable to collect the Outstanding Accounts Receivable so assigned, but Sellers will indemnify, defend and hold Buyer harmless from and against all Claims incurred by Buyer directly, by reason of such proceedings.
Buyer shall be entitled to receive all proceeds to which Seller would otherwise be entitled to received for work performed by Seller under the Assumed Customer Contracts or otherwise and which had not been received by Seller on or prior to August 19, 1996 (the "Outstanding Accounts Receivable").
Buyer agrees to take all reasonable steps necessary to collect the accounts receivable of Sellers (the "Outstanding Accounts Receivable") that are outstanding as of the Closing Date.
Outstanding Accounts Receivable of the Companies as of the Closing Date, which are set forth on Schedule 2.6(i)(B).
Seller shall deliver updated, complete and accurate Schedules listing all Outstanding Accounts Receivable, Inventory, Purchase Orders, Customer Orders and Assumed Accounts Payable, all as of the Closing Date, within fifteen (15) Business Days following the Closing.
On or prior to the Closing Date, Purchaser shall have paid to Seller any and all amounts due on or prior to the Closing Date on such dates and in such amounts as provided in the instruments or invoices governing Purchaser's Outstanding Accounts Receivable under Purchaser's Outstanding Accounts Receivable.
Seller shall remit to the Company the aggregate amount of any Outstanding Accounts Receivable within thirty (30) days of receipt of the written notice of Purchaser indicating the aggregate amount of Outstanding Accounts Receivable; provided, however, Seller shall not have the obligation to remit any amount to the Company unless the aggregate of Outstanding Accounts Receivable exceeds $25,000, in which event Seller shall be liable for all Outstanding Accounts Receivable.
Every two weeks after the Closing, the Purchaser shall deliver to the Sellers a certificate, showing how much of the Outstanding Accounts Receivable were received by the Company during such two-week period.