Suspense Accounts definition

Suspense Accounts has the meaning set forth in Section 11.4.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Suspense Accounts means collectively, each account of a royalty interest owner in a Class Well operated by Chaparral as of the Petition Date that is not in pay status in the last available revenue transaction report for the Class Well that the Debtors provide to Settlement Class Counsel.

Suspense Accounts shall have the meaning given that term in Section 10.06.

Examples of Suspense Accounts in a sentence

Subject to the other provisions hereof, Buyer shall assume full and complete responsibility and liability for proper payment of the funds comprising the Suspense Accounts as set forth on the “Post-Closing Suspense Account Statement,” which shall be provided by Seller to Buyer with the Post-Closing Statement required in Section 11.3, (including any liability under any unclaimed property law or escheat statute).
A downward adjustment to the Base Purchase Price will be made at Closing to reflect the Suspense Accounts as of the Closing Date and the Suspense Accounts shall be further adjusted, if necessary, in the Post-Closing Statement.
Subject to the other provisions hereof, Buyer shall assume full and complete responsibility and liability for proper payment of the funds comprising the Suspense Accounts as set forth on the “Post Closing Suspense Account Statement,” which shall be provided by Seller to Buyer with the Post Closing Statement required in Section 11.3, (including any liability under any unclaimed property law or escheat statute).
Navistar Financial shall provide complete and updated schedules to the Security Agreement, including: Schedule A - Permitted Receivables Sale Agreements, Schedule B - List of Collection Banks, Lock-boxes, Suspense Accounts and Collection Accounts, Schedule C - List of Proceeds Account Banks and Proceeds Deposit Accounts, Schedule D - Subsidiaries and Capitalization and Schedule E - Instruments as of recent date.
A downward adjustment to the Base Purchase Price will be made at Closing to reflect the Suspense Accounts as of the Closing Date and the Suspense Accounts shall be further adjusted, if necessary, in the Post Closing Statement.

More Definitions of Suspense Accounts

Suspense Accounts. Any amount received or recovered by the Trustee (otherwise than as a result of a payment by the Issuer to the Trustee in accordance with Clause 2) in respect of any sum payable by the Issuer under this Trust Deed, the Notes or the Coupons may be placed in a suspense account and kept there for so long as the Trustee thinks fit.

Suspense Accounts means suspense accounts maintained by Seller holding monies payable to royalty owners, mineral owners and other persons with an interest in production of Hydrocarbons attributable to the Assets prior to the Closing Date that Seller has been unable to pay because of title defects, or because such Persons cannot be located or their identity is unknown or any other causes.

Suspense Accounts. Any amount received or recovered by any Senior Finance Party (otherwise than as a result of a payment by a Borrower to the Facility Agent) in respect of any sum due and payable by any Borrower under this Agreement may be placed in a suspense account and kept there for so long as the recipient thinks fit. Amounts deposited in any such account shall accrue interest at the Facility Agent's usual rate for deposits of a similar amount and nature from time to time and interest accrued shall be credited to such account.

Suspense Accounts. Any amount received or recovered by the Collateral Agent, any Receiver or any Delegate in exercise of its rights under any Transaction Document may be credited to an 13 being credited to that account) until the Collateral Agent is satisfied that all the Liabilities have been discharged in full and that all facilities which might give rise to Liabilities have terminated.

Suspense Accounts means collectively, each account of a royalty interest owner in a Class Well operated by SPC as of the Petition Date that is not in pay status in the last available revenue transaction report for the Class Well that Defendants provide to Settlement Class Counsel.

Suspense Accounts and "Funds W/H - Group Medical" as set forth in the Estimated Business Statement of Assets and Liabilities or Final Business Statement of Assets and Liabilities, as appropriate, (iii) an amount equal to an additional 20% of the reserves for incurred but not reported claims and in course of settlement claims related to the American Long Term Care Reinsurance Group pool; and (iv) the Other Assumed Liabilities.

Suspense Accounts means those Accounts deemed questionable as to collectability by any of the Borrowers.