Retained Accounts Receivable shall have the meaning assigned thereto in SECTION 9.3(b).
Retained Accounts Receivable has the meaning specified in Section 2.2.15.
Retained Accounts Receivable means all accounts and notes receivable of an Asset Seller that are related to the Business to the extent such right to receive payment arose prior to the Closing Date, other than (i) receivables for royalties arising under any license agreement related to the Business, (ii) receivables in respect of any deposit made with third parties and (iii) receivables from Transferred Employees.
Examples of Retained Accounts Receivable in a sentence
For the avoidance of doubt, the Amerada Xxxx Receivable is included in the Retained Accounts Receivable.
Buyer covenants and agrees that if, following the Closing, Buyer or any of its agents or Representatives receive payment in respect of any Retained Accounts Receivable, Buyer shall deliver such payment within two (2) Business Days after receipt thereof to the Sellers’ Accounts.
All products and services with regard to the Retained Accounts Receivable have been provided by Seller (and no further obligations exist), and no offset, agreement for deduction, free goods, discount or deferred price or quantity adjustment has been made with respect to any Retained Accounts Receivable (or with respect to WVAWC’s accounts receivable for the period after Closing).
The Seller shall not receive a credit for the Retained Accounts Receivable.
If any Retained Accounts Receivable are paid to the Buyer after the Closing, the Buyer shall pay to the Seller the amounts received by the Buyer within 10 days after receipt of such amounts without any commission or deduction for the Buyer.
More Definitions of Retained Accounts Receivable
Retained Accounts Receivable shall have the meaning given to it in Section 2.4. SEC shall mean the United States Securities and Exchange Commission, or any successor Authority. Securities Act shall mean the Securities Act of 1933, and the rules and regulations of the SEC thereunder, all as from time to time in effect, or any successor law, rules or regulations, and any reference to any statutory or regulatory provision shall be deemed to be a reference to any successor statutory or regulatory provision. Settlement Proposal shall have the meaning given to it in Section 8.5. Subsidiary shall mean, with respect to a Person, any Entity a majority of the capital stock ordinarily entitled to vote for the election of directors of which, or if no such voting stock is outstanding, a majority of the equity interests of which, is owned directly or indirectly, legally or beneficially, by such Person or any other Person controlled by such Person. Tax (and "Taxable", which shall mean subject to Tax), shall mean, with respect to any Person, (a) all taxes (domestic or foreign), including without limitation any income (net, gross or other including recapture of any tax items such as investment tax credits), alternative or add-on minimum tax, gross income, gross receipts, gains, sales, use, leasing, lease, user, ad valorem, transfer, recording, franchise, profits, property (real or personal, tangible or intangible), fuel, license, withholding on amounts paid to or by such Person, payroll, employment, unemployment, social security, excise, severance, stamp, occupation, premium, environmental or windfall profit tax, custom, duty or other tax, or other like assessment or charge of any kind whatsoever, together with any interest, levies, assessments, charges, penalties, addition to tax or additional amount imposed by any Taxing Authority, (b) any joint or several liability of such Person with any other Person for the payment of any amounts of the type described in (a) and (c) any liability of such Person for the payment of any amounts of the type described in (a) as a result of any express or implied obligation to indemnify any other Person.
Retained Accounts Receivable means all of a Company’s right, title and interest in and to any and all accounts receivable of that Company that are ninety (90) days or more past due as of the Effective Time.
Retained Accounts Receivable means all accounts receivable and other receivables generated in the Ordinary Course of the Company’s business, including, without limitation, notes receivables of the Company existing as of the Closing Date. The certificate referenced in Section 3.2(l) sets forth a true and complete list of all Retained Accounts Receivable as of the Closing Date.
Retained Accounts Receivable means accounts receivable retained by Seller and shall include receivables due for all work, labor and services performed by Seller and billed by Seller in the normal course of business through and including the day before Closing. Seller means ARI of Minnetonka, Inc. and Xxxx Xxxxxxxx.
Retained Accounts Receivable has the meaning provided in Section 4.2(g).
Retained Accounts Receivable means all Accounts Receivable, but not including the Transferred AR.
Retained Accounts Receivable means the following accounts ------------------------------ receivable from the records and consolidated financial statements of the Seller and based upon amounts derived from the records of the Seller that have been maintained in accordance with GAAP and the FERC's Uniform System of Accounts: (i) all billed accounts receivable, (ii) all unbilled accounts receivable to the top twenty customers of the Ohio T&D Business listed on Schedule A(64) and (iii) any other accounts receivable not included in the -------------- definition of Transferred Accounts Receivable.