Transferred Accounts Receivable definition

Transferred Accounts Receivable means all accounts receivable (other than from the Seller, or any of its Subsidiaries), notes receivable, rebates receivable, employee advances and other miscellaneous receivables of the Seller or any of its Subsidiaries, in each case, arising out of the operation of the Business prior to the Closing Date and including any unpaid fees and interest relating thereto.

Transferred Accounts Receivable means all trade accounts and notes receivable arising in the ordinary course of the Seller’s Group (other than any Vaccines Group Company) to the extent related to the Business, and outstanding at the Effective Time, together with any unpaid financing charges accrued thereon;

Transferred Accounts Receivable means (i) all accounts receivable of the Vendor (including all accounts receivable from any SnackCo Entity and from any GroceryCo Entity) to the extent Related to the Canadian Snack Business, and (ii) any other accounts receivable of the Vendor listed or described on Schedule 2.01(a), but in all cases save and except for the Specified GroceryCo Accounts Receivable.

Examples of Transferred Accounts Receivable in a sentence

• If at any time after Closing, a Business Seller receives any monies in respect of any Transferred Accounts Receivable, then the Business Seller shall pay or procure payment to the Purchaser, as soon as reasonably practicable the amount recovered, less any Taxation suffered or incurred by the Seller’s Group which would not have arisen but for the receipt and payment of such monies.

• The Sellers shall promptly deliver to the Buyer any cash, checks or other property they may receive after the Closing in respect of the Transferred Accounts Receivable, including any credit card receipts.

• If at any time after Option Closing, a Business Seller receives any monies in respect of any Transferred Accounts Receivable, then the Business Seller shall pay or procure payment to the Purchaser, as soon as reasonably practicable the amount recovered, less any Taxation suffered or incurred by the Novartis Group which would not have arisen but for the receipt and payment of such monies.

• Since December 31, 2019, there have been no write-offs in excess of $200,000 of any receivables that would comprise Transferred Accounts Receivable if in existence as of the date hereof.

• The Sellers agree that, from and after the Closing, the Purchaser shall have the right and authority to collect for the Purchaser’s own account or for the account of its Affiliates all Transferred Accounts Receivable.

More Definitions of Transferred Accounts Receivable

Transferred Accounts Receivable shall have the meaning set forth in Section 1.2(a)(xii).

Transferred Accounts Receivable shall have the meaning set forth in Section 1.2(h). “Transferred Inventory” shall have the meaning set forth in Section 1.2(f). “Transferred Employees” shall have the meaning set forth in Section 7.6(a).

Transferred Accounts Receivable means, in each case solely with respect to the Business, all trade accounts receivable and other rights to payment from customers or lessees of Seller or any of its Subsidiaries, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products or assets sold or leased or services rendered to customers or lessees of Seller or any of its Subsidiaries, earned for periods starting after the Revenue Cutoff Date, including amounts collected from such trade accounts receivable prior to the Closing (as referenced in Section 2.7) .

Transferred Accounts Receivable means any rights of any Seller or any of its Affiliates to payment for goods or services provided by any Seller or any of its Affiliates with respect to the conduct of the Business prior to the Effective Time, as recorded in the books and records of the Sellers in accordance with GAAP through the Effective Time.

Transferred Accounts Receivable means all notes, debentures and accounts receivable that are primarily related to the Subject Business.

Transferred Accounts Receivable has the meaning specified in Section 2.1.3.

Transferred Accounts Receivable means accounts receivable, notes, and other amounts receivable of the Business as of the Closing (and the proceeds thereof) in respect of invoices generated by Seller prior to the Closing, together with any unpaid financing charges accrued thereon, as determined in accordance with GAAP.