Uncollected Accounts Receivable has the meaning ascribed to it in Section 1.06.

Uncollected Accounts Receivable means the accounts receivable of the Company as of the Signing Date, excluding the Company’s bad debt reserves and credit accounts receivable balance as recorded on the Company’s balance sheet, which have not been collected by the Company as of the second Business Day prior to the Closing Date.

Uncollected Accounts Receivable shall have the meaning ascribed to such term in Section 2.05(c).

Examples of Uncollected Accounts Receivable in a sentence

The Seller Group shall have the right to pursue the collection of the Uncollected Accounts Receivable prior to the expiration of the applicable statute of limitation for collection of such funds.
For purposes of this Agreement, the term "Final Uncollected Accounts Receivable" shall mean, the total Accounts Receivables of the Domestic Business which constitute a part of the Assets which have not been collected in full by Purchaser as of the date two hundred and forty days from the Closing Date.
For purposes of determining the Uncollected Accounts Receivable hereunder, to the extent that one of the Purchasers receives a payment for an account receivable after the Closing Date which can be specifically identified to a particular invoice, such payment shall be allocated to that particular invoice; in all other cases, the Purchasers shall contact the applicable account debtor and apply the payment as directed by the account debtor.
To the extent the one of the Purchasers receives a payment for a specifically identifiable Uncollected Accounts Receivable after the Receivables Date, such Purchaser shall promptly forward such payment to the applicable Company.
The repurchase of such Uncollected Accounts Receivable shall be by set off against first, all accrued and unpaid interest on, and then, principal of the Subordinated Promissory Note.

More Definitions of Uncollected Accounts Receivable

Uncollected Accounts Receivable means any portion of any billed or unbilled accounts receivable of the Company that (a) is ninety (90) or more days old (measured from the date of invoice) as of the Effective Time, excluding the accounts receivable expressly set forth on Schedule 1.1(d) attached hereto, or (b) is unpaid as of the Effective Time (regardless of age) and is ninety (90) or more days old (measured from the date of invoice) as of the date that Buyer delivers to Seller the Preliminary Closing Statement.

Uncollected Accounts Receivable means the Accounts Receivable or portions thereof which are not collected by the Buyer, payable in cash or other forms of payment (e.g. note, securities), within one hundred twenty (120) days subsequent to the Closing Date.

Uncollected Accounts Receivable shall have the meaning set forth in Section 3.7.

Uncollected Accounts Receivable means Accounts Receivable not collected within 180 days after the Closing Date.

Uncollected Accounts Receivable is defined in Section 6.09(a).

Uncollected Accounts Receivable means Accounts Receivable which are: (i) outstanding for more than ninety (90) days but which do not form part of any statutory holdback; (ii) amounts due from employees or other Persons not dealing at arm's length with the Acquired Corporations; (iii) amounts due from the Vendors, Principals, officers or directors of the Acquired Corporations or any Affiliates of any of such Persons or the Acquired Corporations; or (iv) amounts in respect of income taxes recoverable, and which have not been collected in full within 90 days following the Closing Date;

Uncollected Accounts Receivable means the aggregate amount of Closing Accounts Receivable that are not collected by the Company or its Affiliates on or prior to the Closing Anniversary; provided that the Uncollected Accounts Receivable shall not include the amount of any Closing Accounts Receivable (or any portion thereof) the payment obligation of which is (a) waived by the Company or any of its Affiliates or (b) agreed to be deferred by the Company or any of its Affiliates to be paid following the Closing Anniversary.