Receivable Adjustment definition

Receivable Adjustment means the Dollar amount which may be properly deducted from the amount due under a Purchased Receivable as the result of the settlement of a Commercial Dispute.
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Receivable Adjustment shall have the meaning ascribed to it in Section 2.11(h).
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Examples of Receivable Adjustment in a sentence

  • In the event that Purchaser does not provide such a notice of disagreement within such twenty (20) day period (as may be so extended), Purchaser shall be deemed to have accepted the calculation of Closing Date Qualified Accounts Receivable and Assumed Accrued Liabilities delivered by Seller, which shall be final, binding and conclusive on the Parties for the purposes of determining the Accounts Receivable Adjustment Amount and the Liabilities Adjustment Amount.

  • In the event of any such Accounts Receivable Adjustment, delinquent Accounts Receivable in the principal amount equal to such Accounts Receivable Adjustment (as mutually selected by the Purchaser and the Seller) shall be reassigned to the Seller.

  • Any amount by which the Estimated Accounts Receivable Adjustment Amount exceeds the Final Accounts Receivable Adjustment Amount shall be promptly forwarded to Purchaser by the Sellers in a lump sum payment.

  • Any amount by which the Final Accounts Receivable Adjustment Amount exceeds the Estimated Accounts Receivable Adjustment Amount shall be promptly forwarded to the Representative (as agent for the Sellers) by Purchaser in a lump sum payment.

  • The selling Company shall pay to SunTrust the amount of any such Receivable Adjustment in Dollars on the next Settlement Date.

  • In the event that such Company pays SunTrust the Receivable Adjustment and SunTrust receives payment in full of the remaining unpaid portion of such Purchased Receivable, then any further payments received by SunTrust on such Purchased Receivable (but not to exceed the amount of Receivable Adjustment actually paid by such Company to SunTrust) shall be remitted to such Company and such Receivable Adjustment shall not be considered as an Adjustment for any further purpose under this Agreement.

  • The principal amount of the Promissory Note shall, automatically without any further action by the Parties, be increased or decreased, as applicable, to reflect to the Inventory Value Adjustment and the Net Accounts Receivable Adjustment.

  • During the 20-day period immediately following Parent’s receipt of the statement setting forth the Notes Receivable Adjustment, Parent and its agents and representatives shall be permitted to review Buyer’s working papers related to the preparation and determination of the Notes Receivable Adjustment.

  • In the event that the Accounts Receivable Adjustment exceeds the Hold Back or the Purchaser decides not to apply the Hold Back to the Accounts Receivable Adjustment (the "Excess A/R Adjustment"), then such Excess A/R Adjustment shall be paid by Sellers to Purchaser in accordance with Section 3.2(d).

  • After the Accounts Receivable Adjustment has been fully satisfied, Buyer shall forward any subsequent payment received on any Accounts Receivable to Seller.