Seller Receivable definition

Seller Receivable has the meaning specified in Preliminary Statement (2).
Seller Receivable has the meaning specified in Preliminary Statement (4).
Seller Receivable means a Receivable owned by Seller.

Examples of Seller Receivable in a sentence

  • Upon payment of any amounts from Delinquent Members, Buyer shall credit such payment first to the amounts owed by such Delinquent Member indicated on the Seller Receivable List, and then for Buyer's account.

  • On the Closing Date, Seller shall prepare and Buyer and Seller shall agree upon a list of all of the affected delinquent members and the amounts outstanding with respect to each such delinquent member (the "Seller Receivable List"; and each individual indicated on the Seller Receivable List hereinafter a "Delinquent Member").

  • If on any day any of the representations or warranties in Section 3.01(f) is no longer true with respect to any Seller Receivable, the Seller shall be deemed to have received on such day a Collection in full of such Seller Receivable and shall make the payment required to be made by it in connection with such Collection on the day required by, and otherwise pursuant to, Section 4.01(i).

  • Any such Excluded Seller Receivable Items that are known by Seller as of the Effective Date will be set forth on Schedule D attached to this Agreement.

  • Prior to the reassignment of any Seller Receivable, RII Sub agrees to use commercially reasonable efforts to collect any past due amount, but shall not be required to engage a collection agent or commence arbitration or litigation to collect.


More Definitions of Seller Receivable

Seller Receivable means and includes the amount owed to the Company by Xxxxx X. Xxxxxx as set forth in Exhibit D..
Seller Receivable has the meaning ascribed to such term in Section 11.3(d).
Seller Receivable means the accounts receivable originated in connection with an invoice payable from an Obligor to the Seller or its Affiliates (other than the BPS Companies).
Seller Receivable has the meaning set forth in Section 2.3(b)(ii).
Seller Receivable means the R4S Debt and the TWSL Debt;
Seller Receivable has the meaning specified in Preliminary Statement (2); provided that the Buyer and the Sellers may, by execution and delivery of a written instrument with the express consent of the Agent subscribed thereon, elect to exclude from Seller Receivables, Receivables as to which the sole Obligor is a Person named in such instrument (an “Excluded Obligor”). The Agent shall not consent to any such instrument unless (i) after giving effect thereto, there are no more than fifteen Excluded Obligors and (ii) after giving effect thereto, the sum of (A) the daily average outstanding balance of all Receivables due from such newly designated Excluded Obligor over the preceding twelve calendar months plus (B) the daily average outstanding balance of all Receivables from each other previously designated Excluded Obligor, if any, calculated in each case over the twelve calendar months preceding the effectiveness of the exclusion of the Receivables of such previously designated Excluded Obligor, does not exceed $100,000,000. Upon the execution and delivery of such an instrument, any and all Receivables from such Excluded Obligor thereafter arising shall not constitute Seller Receivables unless and until such instrument is amended or terminated with the express written consent of the Agent. Buyer and Sellers acknowledge collections in respect of any Receivables so excluded may not be deposited in any Lock Box Account. Should any collections on Receivables so excluded nevertheless be deposited in a Lock Box Account, as soon as practicable following such deposit, such collections shall be removed from such Lock Box Account.
Seller Receivable means a Receivable acquired by the ----------------- Seller pursuant to the Purchase Agreement other than those reconveyed to the Seller pursuant to Section 5.04 of the Purchase Agreement.