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.
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.
If this Agreement is terminated without a Closing, then the Escrow Fund will secure Purchaser's obligations, as manager under the Management Agreement, to remit the Returned Receivables Amount and the Returned Other Receivables Amount and to pay Outstanding Expenses, as those terms are defined in the Management Agreement.
The Closing Statement shall be prepared, and the Closing Working Capital (including the ARMCo Receivables Amount) shall be computed in accordance with the Principles and Procedures as adjusted by the Working Capital Adjustments.