Prior Balance definition

Prior Balance means the sum of all amounts that Seller may owe to Buyer and/or third party(s) as of the Effective Date of this Agreement. Seller agrees that: (i) the Prior Balance, if any, as described in Section 17 of this Agreement, will be deducted from the Purchase Price prior to delivering it to Seller pursuant to Seller’s authorization set forth in Rider 1 to this Agreement; and (ii) such deduction of the Prior Balance shall not be deemed to reduce the agreed upon Purchase Price.
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Prior Balance. Outstanding balance on a previous executed Agreement between the Parties;
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Prior Balance. If you have a prior balance at the time services are requested, you will be asked to pay that IN FULL before you are seen. If you are unable to pay in full, we may consider payment arrangements. COLLECTION PROCESS: Members of our billing department are available to answer any questions or help make payment arrangements. Once made in writing, any agreements are binding. Failure to comply or respond to repeated communications from our office may result in immediate discharge from the practice with 30-day emergency coverage and involvement of an outside collection agency. Once referred to an outside agency, accounts must be paid in full before being seen. Our billing office can be reached at 0-000-000-0000.
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Examples of Prior Balance in a sentence

  • As a good faith consideration, Pxxxxxxxx agrees to pay to Seller the Purchase Price, less any Applicable Fees, Prior Balance (if applicable) and Origination Fees, upon execution of this Agreement.


More Definitions of Prior Balance

Prior Balance means the sum of all amounts that Seller may owe to Buyer and/or third party(s) as of the Effective Date of this Agreement. The Prior Balance, if any, is described in Section 18 of this Agreement and will be deducted from the Purchase Price prior to delivering it to Seller pursuant to Seller’s authorization set forth in Rider 2 to this Agreement, provided nevertheless that such deduction shall not be deemed to reduce the agreed upon Purchase Price or Purchased Amount.
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Prior Balance means the sum of all amounts that Seller may owe to Velocity Group USA Inc. and/or third party(s) as of the Effective Date of this Agreement. The Prior Balance, if any, is described in Section 18 of this Agreement and will be deducted from the Purchase Price prior to delivering it to Seller pursuant to Seller's authorization set forth in Rider 2 to this Agreement, provided nevertheless that such deduction shall not be deemed to reduce the agreed upon Purchase Price. j. "Origination Fee" shall mean the fee that Velocity Group USA Inc. charges Seller for the costs of underwriting and processing Seller's application for funding. The Origination Fee, if any, is described in Section 19 of this Agreement and will be deducted from the Purchase Price prior to delivering it to Seller pursuant to Seller's authorization set forth in Rider 3 to this Agreement, provided nevertheless that such deduction shall not be deemed to reduce the agreed upon PurchasedPrice or Purchased Amount. k. In the event "Seller" is comprised of more than one entity, then: i. ii. The term "Seller" shall mean, individually and collectively, all such entities; and Each Seller is an "Affiliate" of all other Seller(s). The term "Affiliate" shall mean an entity or an individual that (1) controls, (2) is under the "Control", or (3) is under common Control with the entity or individual in question. The term "Control" shall mean direct or indirect ownership of more than 50% of the outstanding Velocity Group USA Inc. (11182019176639) 2
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Prior Balance means the sum of all amounts that Seller may owe to Buyer and/or third party(s) as of the Effective Date of this Agreement . The Prior Balance, if any, is described in Section 18 of this Agreement and will be deducted from the Purchase Price prior to delivering it to Seller pursuant to Seller’s authorization set forth in Rider 2 to this Agreement, provided nevertheless that such deduction shall not be deemed to reduce the agreed upon Purchase Price or Purchased Amount . j. “ Origination Fee ” shall mean the fee set forth in Rider 1 that Buyer charges Seller for the costs of underwriting and processing Seller’s application for funding . The Origination Fee, if any, is described in Section 19 of this Agreement and will be deducted from the Purchase Price prior to delivering it to Seller, provided nevertheless that such deduction shall not be deemed to reduce the agreed upon Purchased Price or Purchased Amount . k. In the event “ Seller ” is comprised of more than one entity, then : i. The term “Seller” shall mean, individually and collectively, all such entities; and ii. Each Seller is an “Affiliate” of all other Seller(s) . The term “Affiliate” shall mean an entity or an individual that ( 1 ) controls, ( 2 ) is under the “Control”, or ( 3 ) is under common Control with the entity or individual in question . The term “Control” shall mean direct or indirect ownership of more than 50 % of the outstanding voting stock of a corporation or other majority equity interest if not a corporation and the possession of power to direct or cause the direction of the management and policy of such corporation or other entity, whether through ownership of voting securities, by stature, or by contract ; and iii. The representations, warranties, covenants, obligations and liabilities of each Seller shall be joint and several under this Agreement ; iv. The liability of each Seller under this Agreement shall be direct and immediate and shall not be conditional or contingent upon the pursuance of any remedies against any other person or entity ; v. The terms “Specified Percentage”, “Future Receipts”, and “Initial Installment” shall mean the Specified Percentage and the Future Receipts of each Seller individually ; and vi. Buyer may pursue its rights and remedies under this Agreement against any one or any number of entities that constitute Seller without obligation to assert, prosecute or exhaust any remedy or claim against any other Seller or any Guarantor . l. In the event “ Gu...
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Related to Prior Balance

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Asset Balance means, for any Payment Date, the Pool Balance as of the beginning of the current Collection Period.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Target Balance has the meaning set forth in Section 6.1I(1) hereof.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Original Balance means, with respect to any Receivable coming into existence after the Initial Cutoff Date, the Outstanding Balance of such Receivable on the date it was created.

  • Cash Balance means, at any date of determination, the unencumbered and otherwise unrestricted cash and Cash Equivalents of the NCLC Group.

  • Current Balance in relation to a Loan at any relevant date, means the aggregate principal balance of the Loan at such date (but avoiding double counting) including the following:

  • Original Pool Balance means the Pool Balance as of the Cutoff Date.

  • Balance means the total financial result in the Client Account after the last Completed Transaction and depositing/withdrawal operation at any period of time.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.