Receivables Amount definition

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.

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

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.

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.

• 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").

• 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.

• As soon as practicable after issuance of the FERC Interest Determination, the California Parties shall pay to, or receive from, the ISO and PX, the difference between (a) the Estimated Interest on Receivables Amount less Settling Supplier’s Interest Shortfall Estimate previously withheld from distribution hereunder, and (b) the amount of interest that the FERC Interest Determination finds to be owing to Settling Supplier on such receivables.

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 amount of such uncollected accounts receivable minus an amount equal to (i) the reserves, if any, for doubtful accounts set forth in the balance sheet included in the 1997 Financial Statements, and (ii) the aggregate value of any inventory returned to the Company with respect to any uncollected accounts receivable (valued as set forth in Section 8.20).

Receivables Amount in Section 1.1 of the Purchase Agreement shall be and hereby is amended by deleting the reference to "Section 3.3" in such definition and replacing it with "Section 2.2.1."

Receivables Amount is defined in Section 3.3.

Receivables Amount xx xxxxxxx xx Xxxxxxx 0.0.

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

Receivables Amount has the meaning set forth in Section 5.7 below.