Reconciliation Summary definition

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Reconciliation Summary means a summary report identifying, as at the date of such summary and in reasonable detail and in a form as agreed upon by the Purchaser and each Seller, the Receivables that have been sold to the Purchaser by a Seller with respect to which the outstanding principal balance thereof is greater than zero, Collections that have been received by such Seller and are then held by such Seller as Collection Agent;

Reconciliation Summary with respect to the annual and monthly consolidated financial statements (other than the statements of cash flow and owners’ equity) delivered pursuant to Section 7.1, (i) a schedule showing the elimination of transactions between any Loan Party and any Subsidiary of a Loan Party that is not itself a Loan Party and transactions between any Loan Party and any Affiliate of a Loan Party (other than any Subsidiary of a Loan Party), (ii) a statement showing the adjustments made to report such financial statements on an Economic Basis plus or minus any Allowed Reserve, as applicable, and (iii) a statement showing the adjustments made to such financial statements with respect to any Allowed Reserve. “Recovery Event”: any settlement of or payment in respect of any Property or casualty insurance claim or any condemnation proceeding relating to any asset of any Loan Party resulting in Net Cash Proceeds to the applicable Loan Party in excess of $5,000,000. “Reference Time”: with respect to any setting of any then-current Benchmark (1) if such Benchmark is USD LIBOR, 11:00 a.m., London time on the day that is two Business Days preceding the date of such setting, (2) if such Benchmark is the Canadian Dollar Offered Rate, 10:15 a.m. Toronto, Ontario time on, if such day is a Business Day, the date of such setting and, if such day is not a Business Day, then on the immediately preceding Business Day and (3) otherwise, the time determined by the Administrative Agent in its reasonable discretion. “Refunded Dollar Committed Tranche Swing Line Loan”: any Refunded Swing Line Loan made in respect of a Dollar Committed Tranche Swing Line Loan. “Refunded Dollar Uncommitted Tranche Swing Line Loan”: any Refunded Swing Line Loan made in respect of a Dollar Uncommitted Tranche Swing Line Loan. “Refunded Multicurrency Swing Line Loan”: any Refunded Swing Line Loan made in respect of a Multicurrency Swing Line Loan. “Refunded Swing Line Loan”: as defined in Section 2.6(a). “Register”: as defined in Section 11.7(d). “Regulation U”: Regulation U of the Board. “Reimbursement Date”: as defined in Section 3.7(b). “Reimbursement Obligations”: the obligation of the Borrowers to reimburse any Issuing Lender, pursuant to Section 3.7(a) for Unreimbursed Amounts. USActive 56005294.956005294.16- 95-

Examples of Reconciliation Summary in a sentence

The Account Reconciliation Summary is used to assist in balancing online account balances with the Customer’s bank statement.
When the reconciliation is completed a prompt will appear asking whether you wish to print the Reconciliation Summary reports.
No Option A - Financial SLA122 The Contractor must accurately prepare and reconcile the 1099's to the 1099 Summary Report and the 1099 Reconciliation Summary Report.
This Settlement Agreement constitutes the entire agreement among the Parties, and supersedes any and all prior and contemporaneous understandings, undertakings, negotiations, representations, communications, promises, agreements, agreements in principle, and memoranda of understanding in connection herewith.
If a proper file has been selected the file will be read, the diskette ejected and the Reconciliation Summary screen will appear as shown below.

More Definitions of Reconciliation Summary

Reconciliation Summary as defined in the Exit Facility.

Reconciliation Summary with respect to the annual and monthly consolidated financial statements (other than the statements of cash flow and owners’ equity) of the Loan Parties delivered pursuant to Section 7.1, a statement reconciling the results of such financial statements with the corresponding consolidated financial statements (other than the statements of cash flow and owners’ equity) of the Parent and its consolidated Subsidiaries delivered pursuant to Section 7.1, together with (i) a schedule showing the elimination of transactions between the Loan Parties and the Unrestricted Subsidiaries, (ii) a statement showing the adjustments made to report such financial statements on an Economic Basis, (iii) without duplication to the adjustments referred to in clause (ii), a statement showing the Fresh Start Accounting Adjustments to such financial statements, and (iv) a statement summarizing the Disregarded Items.