Purchased Accounts Receivable definition

Purchased Accounts Receivable has the meaning set forth in Section 1.2(i).

Purchased Accounts Receivable has the meaning set forth in Appendix 1.1(A).

Purchased Accounts Receivable means all Accounts Receivable of the Practice purchased by MidSouth pursuant to this Agreement.

Examples of Purchased Accounts Receivable in a sentence

• Upon payment of the Purchase Price with respect to the Purchased Accounts Receivable and with respect to Governmental Receivables, to the extent permissible by Applicable Law, all right, title and interest of the Practice with respect thereto shall be vested in MidSouth, free and clear of any lien, security interest, claim or encumbrance of any kind, and the Practice agrees to defend the same against the claims of all persons.

• All payments received by the Practice with respect to the Purchased Accounts Receivable shall be deposited into the respective Governmental Lockbox Account or Non-Governmental Lockbox Account.

• To determine the price of the Purchased Accounts Receivable, Seller's total Purchased Accounts Receivable for the Operations shall be verified by representatives of Buyer and Seller as of the close of business on the day preceding the Closing Date by review of the business records.

• As promptly as practicable, but no later than ten (10) days after the Closing Date, Seller shall cause to be prepared and delivered to Buyer the Closing Statement (as defined below) and a certificate based on such Closing Statement setting forth Seller's calculation of inventory price, Prorations, and Purchased Accounts Receivable ("Closing Adjustments").

• It is the sole responsibility of the Firm to provide and maintain all Affordable Care Act (“ACA”) requirements/benefits.

More Definitions of Purchased Accounts Receivable

Purchased Accounts Receivable is defined in Section 3.6(b).

Purchased Accounts Receivable shall have the meaning specified in Section 1.02(a) of the Accounts Receivable Purchase Agreement.

Purchased Accounts Receivable is defined in Section 1.1(a)(xiii).

Purchased Accounts Receivable has the meaning set forth in Section 7.14(a).

Purchased Accounts Receivable means all Seller’s Accounts Receivable arising in respect of the Business, billed and unbilled, that have accrued as of the Closing Date; provided, however, that the term “Purchased Accounts Receivable” shall not include the IPT Receivable.

Purchased Accounts Receivable means those accrued interest and other accounts receivable of Seller relating to the Acquired Business or Purchased Assets as of the Closing Date, as detailed in Section 1(iii) of the Disclosure Schedule.

Purchased Accounts Receivable means all Accounts Receivable arising as of or prior to the Closing Date that remain unpaid in whole or in part as of the Closing Date.