Receivables Reserve definition

Receivables Reserve means the reserve for the Receivables on a Customer-by-Customer basis set forth in the Receivables Listing, determined in accordance with GAAP, which amount shall be deemed to be the amount of the Receivables Reserve set forth on the Receivables Listing, unless and until such amount is determined to be otherwise in accordance with Section 2.07(c).

Receivables Reserve means per Country an amount equal to twenty percent (20%) of the accounts receivable balance in the respective Country as of the day immediately preceding the issuance day of the final Local Statement for that Country pursuant to Section 4.2.

Receivables Reserve. Such Reserves as may be established from time to time by the Agent, in the Agent’s reasonable discretion, based upon the Agent’s determination of the collectability of Eligible Credit Card Receivables in the ordinary course and of the creditworthiness of the Account Debtors, Credit Card Issuers, and Credit Card Processors.

Examples of Receivables Reserve in a sentence

• European Receivables Reserve During 2011, the Company recorded a $12.8 million charge to reflect the increased risk associated with its southern European receivables, primarily Greece.

• Changes in Card Member Receivables Reserve for Credit Losses Card Member receivables reserve for credit losses decreased for the three and nine months ended September 30, 2021, driven by improved portfolio quality and macroeconomic outlook, partially offset by an increase in the outstanding balance of receivables.Card Member receivables reserve for credit losses decreased for the three months ended September 30, 2020, primarily driven by lower delinquencies.

• Receivables Reserve - Balance of receivables expected to be received in the future.

• Registration of Assignment of Receivables (Reserve Bank) Regulations, 2022 issued vide Notification No. DOR.FIN.081/CGM(JPS) – 2022 dated January 14, 2022.

• In the event that the Receivables Reserve is adjusted downward pursuant to Section 2.07(c), the Purchaser shall pay over to the Seller within two Business Days following such adjustment any amounts that the Purchaser would have been required to pay to the Seller had the Receivables Reserve been so adjusted immediately following the Closing (net of any amounts that the Seller would be required to pay back to the Purchaser pursuant to this Section 2.09(e)).

More Definitions of Receivables Reserve

Receivables Reserve means an amount equal to the best estimate of the amount of doubtful accounts in relation to the Receivables determined in a manner consistent with the practices of the SpinCo Business in the twelve (12) months prior to the Closing Date and in accordance with the Company’s applicable policies and procedures for the SpinCo Business.

Receivables Reserve has the meaning set forth in Section 1.7(a). -------------------

Receivables Reserve means, as of any date of determination, those reserves that Agent deems necessary or appropriate, in its Permitted Discretion and subject to Section 2.1(c) of the Agreement, to establish and maintain (including reserves for rebates, discounts, DSA fees, NLC fees, customer chargebacks, warranty claims, and returns) with respect to the Eligible Accounts or the Maximum Revolver Amount.

Receivables Reserve means, as of any date, a reserve equal to $53,196.14.

Receivables Reserve. Such Reserves as may be established by the Lender in accordance with Section 2.2 of this Agreement, in the Lender’s reasonable discretion, based upon the Lender’s reasonable determination of the collectability of Eligible Credit Card Receivables in the ordinary course and of the creditworthiness of the Account Debtors, Credit Card Issuers, and Credit Card Processors.

Receivables Reserve means the reserve in an amount equal to $290,204.30 as set forth in both the Closing Working Capital Statement and the Updated Working Capital Statement, in each case specifically for (i) Receivables aged 120 days or more, (ii) returns and potential uncollectability of accounts and (iii) Accounts Receivables owing from insolvent customers.

Receivables Reserve shall have the meaning ascribed to such term in Section 3.1.1.