Past Due Receivables means, on any date with respect to any U.S. Borrower, the sum (determined with respect to such U.S. Borrower and its Subsidiaries on a consolidated basis without duplication in accordance with GAAP) of (a) all Managed Receivables the minimum payments on which are at least 90 days overdue on such date plus (b) all other assets which have been, in accordance with the relevant Borrower’s credit policies with respect to such assets, classified as non-performing assets; provided that, Managed Receivables that are credit card loans, whether or not at least 90 days overdue, shall not constitute “Past-Due Receivables” to the extent of any cash balance of the account debtor on such loan on deposit with the creditor (but only to the extent such creditor is entitled under an agreement governing such credit card loan to set off such cash balances against the obligations of the account debtor under such loan and to the extent such cash balances are not subject to any other set-off or deduction by such creditor or any of its affiliates against a matured obligation owing by such debtor).

Past Due Receivables means, on any date, the sum (determined with respect to any Person and its Subsidiaries on a consolidated basis in accordance with GAAP) of (a) all Managed Receivables the minimum payments on which are at least 90 days overdue on such date plus (b) all other non-performing assets; provided that Managed Receivables that are credit card loans, whether or not at least 90 days overdue, shall not constitute "Past-Due Receivables" to the extent of any cash balance of the account debtor on such loan on deposit with the creditor (but only to the extent such creditor is entitled under an agreement governing such credit card loan to set-off such cash balances against the obligations of the account debtor under such loan and to the extent such cash balances are not subject to any other set-off or deduction by such creditor or any of its affiliates against a matured obligation owing by such debtor).

Past Due Receivables means any amount that on the Effective Date has been due and payable to MPP or any Entity for more than 30 days under any Commercial Contract and remains due and payable on the Closing Date.

Examples of Past Due Receivables in a sentence

The UNC Business Process Procedural Guidance for Collection of Past Due Receivables and Write Offs provides further guidance and templates that can assist campuses with the aging, collections and write off processes.
Secured financings of $4.7 billion at December 31, 2009 are secured by $6.8 billion of closed-end real estate secured receivables.Age Analysis of Past Due Receivables The following table summarizes the past due status of our receivables at December 31, 2010.
Seller, jointly and severally, will indemnify Purchaser for 75% of any accounts receivable included in the Acquisition Assets (other than the Past Due Receivables) that Purchaser, using its reasonable efforts, is unable to collect within 180 days after the Closing Date.
If the dollar amount of the Uncollected Accounts exceeds the dollar amount of the Collected Past Due Receivables Accounts, then the Purchase Price shall be adjusted downward by such excess amount.
The Seller shall indemnify the Purchaser for the remaining 25% of the account receivables including in the Acquisition Assets (other than the Past Due Receivables) that Purchaser, using its reasonable efforts, is unable to collect within one year after the Closing Date.

More Definitions of Past Due Receivables

Past Due Receivables means on any date and with respect to any person, (i) with respect to the definition of Delinquency Ratio, Managed Receivables and (ii) with respect to the definition of Eligible Assets, reported loan receivables, in each case contractually past due 90 days or more plus all other non performing assets provided however that receivables which are loans, whether or not contractually past due 90 days or more, shall not constitute Past Due Receivables to the extent of any cash balance of the account debtor on such loan on deposit with the creditor (but only to the extent such creditor is entitled under an agreement governing such loan to set-off such cash balances against the obligations of the account debtor under such loan and to the extent such cash balances are not subject to any other set-off or deduction by such creditor or any of its affiliates against a matured obligation owing by such debtor);

Past Due Receivables has the meaning set forth in Section 6.7(e).

Past Due Receivables has the meaning set forth in Section 1.1(a)(ii).

Past Due Receivables has the meaning given such term in Section 3.2(d)(vii).

Past Due Receivables shall have the meaning set forth in Section 9.2(a).