Receivables Amount definition

Receivables Amount means, as of the last day of any fiscal quarter of the Company, on a consolidated basis and without duplication, an amount equal to (a) 80% multiplied by the aggregate total book value of the Company’s and its Domestic Subsidiaries’ Domestic Receivables on such date, plus (b) 60% multiplied by the sum of the aggregate total book value of (i) the Company’s and its Domestic Subsidiaries’ Foreign Receivables and (ii) the Company’s Foreign Subsidiaries’ Receivables on such date.

Receivables Amount has the meaning specified in Exhibit C-3.

Receivables Amount means the amount of accrued but unpaid fees, commissions and other amounts owed to or otherwise in favor of the Sellers (other than the Incentive Fees Amount) as of and including the day immediately prior to the Closing Date under each of the Contracts to be transferred to the Buyer as of the Closing, as calculated in a manner consistent with Schedule 1D hereto and with such calculations to be made as of and including the day immediately prior to the Closing Date.

Examples of Receivables Amount in a sentence

• Each Receivable acquired by the Company that is included in the calculation of the Aggregate Receivables Amount is an Eligible Receivable and, in the case of Receivables acquired by the Company after the Initial Borrowing Date, on the related Receivables Contribution Date, each such Receivable that is included in the calculation of the Aggregate Receivables Amount on such Receivables Contribution Date is an Eligible Receivable.

• The Company shall prepare, in good faith, and deliver to Buyer, at least three Business Days prior to the Closing Date, a certificate signed by the Company's Chief Executive Officer and Chief Financial Officer (the "Closing Financial Certificate") setting forth the Estimated Net Receivables Amount and the Estimated Inventory Value.

• Within sixty (60) days following the Closing Date, Buyer shall prepare and deliver to the Company a Notice (the "Statement") setting forth the Net Receivables Amount and the Inventory Value (together, the "Closing Date Items"), as of the close of business on the Closing Date.

• If the Estimated Net Receivables Amount plus the Estimated Inventory Value (the "Estimated Working Capital Amount") is less than $450 million, then Buyer may, at Buyer's election, reduce the Cash Consideration to be paid to Sellers at the Closing by the amount of such shortfall (the "Estimated Working Capital Adjustment").

• In the event the accounts receivable collected during the Collection Period are less than 90% of the Guaranteed Receivables Amount, then either (i) the Net Annualized Revenue set forth in Section 1.3(b) shall be reduced by an amount equal to the difference between the Guaranteed Receivables Amount and the amount of the accounts receivable actually collected (the "Shortfall") or (ii) Seller and Transcend shall pay to Purchaser the Shortfall amount in cash.

More Definitions of Receivables Amount

Receivables Amount means the amounts set forth below for the appropriate date of the Final Closing; provided, however, if an Acceleration Event occurs, the Receivables Amount shall be $0 for a Final Closing occurring more than 125 days after the Initial Date: Receivables Amount Date of Final Closing ------------------ --------------------- $1,426,539 within 35 days of the Initial Date $1,248,221 35 days and prior to 65 days from the Initial Date $1,069,904 65 days and prior to 95 days from the Initial Date $ 891,587 95 days and prior to 125 days from the Initial Date $ 713,269 125 days and prior to 155 days from the Initial Date $ 534,952 155 days and prior to 185 days from the Initial Date $ 356,634 185 days and prior to 215 days from the Initial Date $ 178,317 215 days and prior to 245 days after the Initial Date $0 245 or more days after the Initial Date.

Receivables Amount means the aggregate sum as of the Effective Time of the outstanding “Total of Payments” remaining due and payable in respect of the Accounts purchased by Buyer under this Agreement, determined in accordance with GAAP.

Receivables Amount means, at the time of any determination of the Borrowing Base, Eligible Accounts Receivable, minus (a) the aggregate amount of credit balances, offsets, deductions and other credits outstanding for the benefit of the Account Debtors (net of any portion of such credit balances, offsets, deductions and other credits attributable to any Account Debtor that at the time of determination has any otherwise Eligible Account Receivable deemed not to be an Eligible Account Receivable because in excess of the applicable concentration limit), (b) the Dilution Reserve, (c) a reserve in respect of Eligible Accounts Receivable of PharMerica with respect to which the Account Debtor is not a commercial insurance provider, the Medicare program or the Medicaid program in an amount from time to time deemed appropriate by the Administrative Agent based upon a review of information obtained by the Administrative Agent or provided to it by the Company (which amount shall initially be 50% of such Accounts) and (d) such other adjustments or reconciling items as may from time to time be established in accordance with Section 5.09(c).

Receivables Amount. Has the meaning given in the Receivables Agreement;

Receivables Amount shall be as defined in Section 3.3(c).

Receivables Amount means an amount equal to the unpaid portion, as of the Closing Date, of the receivable amounts due to the Sellers pursuant to the statements of work specified on Exhibit K (the “Undiscounted Receivables Amount”) discounted to present value as of the Closing Date using a fifteen percent (15%) discount rate.

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