Rebate Receivable definition

Rebate Receivable means a Receivable, the Obligor of which is a manufacturer or distributor of pharmaceutical products.
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Rebate Receivable means an Account arising under a written agreement entitled "Pharmaceutical Rebate Services Agreement" or any other agreement whereby a receivable is anticipated from a pharmaceutical manufacturer or distributor for a rebate resulting from volume purchases or under any circumstance where a deduction or refund or remuneration, in cash or in kind, from a stipulated payment, charge or rate, not taken out in advance of payment, but handed back after payment of the stipulated payment which is obtained by Borrower and such refund of remuneration arises from the purchase or sale of drugs or other pharmaceutical items. "Reference Rate" means the highest of the variable rates of interest, per annum, most recently announced by (a) Bank of America, N.T. & S.A., (b) Mellon Bank, N.A., and (c) Citibank, N.A., or any successor to any of the foregoing institutions, as its "prime rate" or "reference rate," as the case may be, as established from time to time, irrespective of whether such announced rate is the best rate available from such financial institution.
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Rebate Receivable means a Managed Rebate Receivable or an Open Rebate Receivable.
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Examples of Rebate Receivable in a sentence

  • This is because the current Research and Development Rebate Receivable is with the ATO, a reputable Australian government agency.

  • Pension Rebate Receivable represents around $0.1M of this amount but this can only be claimed when eligible ratepayers make their qualifying 50% contribution, which can be any time up to 30 June.

  • The section also functions to manage the fiscal control, reporting, maintenance, policy, and procedures for the Pharmacy Rebate Receivable program.

  • Media Rebate Receivable Media rebates receivable represents balance of cash payment advanced to a customer that is owed to the Company.

  • Pension Rebate Receivable represents around $0.6M of this in both years - and this can only be claimed when eligible ratepayers make their qualifying 50% contribution, which can be any time up to 30 June.

  • Each Rebate Receivable Contract is between a vender and one of the Group Companies and no other Person is a party to or entitled to receive any Rebate Receivable under any Rebate Receivable Contract including through any Encumbrance.

  • Balance BalanceDescription 3/2/2017 Payments Adjustments 9/30/2017RX Rebate Receivables$ 31,421$ (356,881) $325,460 $(0) A 21 $ 325,460 $ (0) $ 31,4 AThe adjustment to the RX Rebate Receivable reflects the settlement amount with Optum, which includes RX rebates andHEP-C drug rebates.

  • In terms of non-financial assets, credit risk relates to Medicare Australia Rebate Receivable (a government organisation administering the Private Health Insurance Government rebate scheme) and Premium Receivable from policyholders.

  • To the Seller's knowledge, each Rebate Receivable represents a valid and binding obligation of the relevant Rebate Receivable Supplier and there is no event, fact or circumstance which would prevent or delay full recovery of any such amount in accordance with the terms of the Rebate Receivable Contract.

  • Pension Rebate Receivable represents around $0.5M of this in both years - and this can only be claimed when eligible ratepayers make their qualifying 50% contribution, which can be any time up to 30 June.


More Definitions of Rebate Receivable

Rebate Receivable means a Managed Rebate Receivable or an Open Rebate Receivable. "Receivable Information" has the meaning set forth in Section 1.02 hereto.
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Related to Rebate Receivable

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Interest Receivable means, in respect of the relevant Measurement Period ending on any Measurement Date, all interest received by or accrued to the Issuer during such period, including any amounts received by the Issuer in terms of any Treasury Transaction (as such relates to the hedging by the Issuer of its interest rate risk) (other than interest which is not received or receivable in funds that are freely remittable to South Africa), all as reflected in, and/or ascertained from, the Financial Statements for that Measurement Period;

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Charged-Off Receivable means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 9.1(d) (as if references to Seller Party therein refer to such Obligor); (ii) as to which the Obligor thereof, if a natural person, is deceased, (iii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible, or (iv) which has been identified by Seller as uncollectible.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Review Receivable has the meaning designated in Section 1.02 of the Asset Representations Review Agreement.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Principal Receivable means any Receivable other than a Finance Charge Receivable. In calculating the aggregate amount of Principal Receivables in an Account on any date, the gross amount of Principal Receivables in the Account on that date must be reduced by the aggregate amount of credit balances in the Account on that date.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Liquidated Receivable means a Defaulted Receivable as to which the related Financed Vehicle has been liquidated by the Servicer.

  • Initial Receivable means each Contract related to a Financed Vehicle transferred to the Issuer pursuant to Section 2.1, which, as of the Closing Date, is listed on Schedule A (which Schedule A may be in the form of an electronic file), and all rights and obligations thereunder, except for Initial Receivables that shall have become Purchased Receivables or Sold Receivables.

  • Eligible Receivable means, at any time, a Receivable:

  • Net Receivables Balance means, at any time, the aggregate Outstanding Balance of all Eligible Receivables at such time reduced by the aggregate amount by which the Outstanding Balance of all Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor.

  • Warranty Receivable means a Receivable which the Seller is required to repurchase pursuant to Section 3.02.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.