Uncollectible account definition

Uncollectible account means an account for which:
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Uncollectible account means any account receivable of the Business outstanding as of the Closing Date that remains uncollected one year from the date it was due.
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Uncollectible account means, as of the applicable Cut-Off Date for each Account purchased (a) an Account with reference to which a final judgment has been entered by a court of competent jurisdiction to the effect that no Debtor on the Account is under any enforceable obligation to pay the holder of the Account and that the holder of the Account shall take no action against any and all Debtors executing Account documentation; (b) an Account in which GTC or a predecessor in interest released all Debtors obligated on the Account from any and all liability on the Account; (c) an Account with respect to which all of the Debtors on the Account have filed bankruptcy and the bankruptcy has not been dismissed prior to the applicable Cut-off Date; (d) an Account with respect to which all Debtors on the Account were deceased; or (e) an Account in which the date the Account was declared in default and payment thereunder demanded in full occurred more than the number of years set forth in Exhibit B, for the applicable State listed in GTC's records for the address to mail Account Statements, prior to the applicable Cut-off Date.
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Examples of Uncollectible account in a sentence

  • Uncollectible account balances are certified to the County Auditor after administrative collection efforts have been exhausted.

  • The NRW is recorded as the total of (1) Leakage water, (2) Illegal connection (Stolen water),(3) Water meter insensitive (error) volume, (4) Water volume for business use in the Water District, and(5) Uncollectible account water amount, but at COWD, only (4) Water volume for business use is recorded as the rest are recorded as “other volumes of water”.

  • Some of these costs include: 1819 Advertising expenses (9 l3)20 Demonstrating and selling expenses (912)21 Uncollectible account expense (904)22 Supervision costs (those not related to accounts 902 and 903)23 Customer assistance expense (908) 2425 Q A r e there other large differences between the SWEEP and the original APS26 proposals" 2728 A.

  • Uncollectible account estimates can be calculated by using one of two methods.

  • Uncollectible account balances are charged against the allowance when we believe that it is probable that the receivable will not be recovered.

  • Uncollectible account: Patient has been invoiced at least six (6) times and no arrangements have been made regarding payments or a payment schedule.Vital Statistics Clerk: Public Health Clerk identified by the Fiscal Officer to post patient and insurance payments.

  • Uncollectible account expense is estimated at the amount equal to 1.5% of net credit sales.

  • Remittance advices are separated from cash and given to the accounts receivable clerk for posting to accounts receivable.c. Uncollectible account forms authorize an accounting clerk to write off an account receivable as an uncollectible account.

  • Uncollectible account expense recorded in March 2020 through May 2020 would include balances for services prior to the current state of emergency, if those balances were greater than 150 days old.


More Definitions of Uncollectible account

Uncollectible account means an account receivable that has been determined to be of such a state that payment may not be expected.2.03. Authority and Responsibility. The following agents have the authority with respect to collection of accounts.a. Department headDivision and/or Department Head. A department headDivision and/or Department Head is responsible for the billing process for all amounts owed the County with respect to that department and the collection of all accounts receivable as well as the designation and supervision of all billing agents within that department.b. Finance directorGeneral Government Director. The finance directorGeneral Government Director is responsible for monitoring the overall collection of accounts receivable and has the authority to undertake collections procedures includingreferral to the corporation counselCorporation Counsel for legal action, to a third party for collections, developing an installment payment plan and initiating or overseeing the initiation of tax intercept. The finance directorGeneral Government Director may also prescribe the minimum information required prior to authorizing any form of payment other than that paid on receipt of a good or service.c. County administratorCounty Administrator. The county administratorCounty Administrator is responsible administration of this section, including the statutory audit functions of the County consistent with Wisconsin Statute Section 59.47 and must, pursuant to Section 59.51(1), determine the agent that is responsible for performing such functions. Notwithstanding any other policy to the contrary, the county administratorCounty Administrator may implement rules to implement this section subject to state law.d. General Government Committee. The General Government Committee must review collections history and performance on at least an annual basis and make recommendations to the County BoardCounty Board for any change to this policy and to the county administratorCounty Administrator for any change in collections management.2.04. Collection procedure. The following procedure governs the process of payment of accounts receivable to the County.a. When due. All payments to the County are due on receipt of any good or service unless a billing through invoice authorized in advance by the department headDivision and/or Department Head. This authorization may extend to classes of goods and/or classes of purchasers.b. Timely billing. A billing agent must prepare an invoice or other reques...
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Uncollectible account means an account or accounts with a customer or group of related or affiliated customers with an aggregate unpaid balance which exceeds $CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and either: (a) one or more unpaid invoices have been outstanding for more than one year but not more than two years or (b) Licensee reasonably determines that such account will not be paid due to the customer's bankruptcy or insolvency or public statements that it will be unable to pay its debts when due.
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Uncollectible account means an account in an amount in excess of $CONFIDENTIAL INFORMATION OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION and which either: (a) one or more unpaid invoices have been outstanding for more than one year or (b) the customer is excused from paying its debt to Licensee by the entry of an order in a bankruptcy case filed by or against such customer.
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Related to Uncollectible account

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Eligible Accounts Receivable means Accounts, Instruments, Documents, Chattel Paper, Contracts, and General Intangibles from customers of Borrowers or any Approved Subsidiary in which Bank has a perfected first priority security interest subject to Bank's credit approvals thereof other than the following: (i) Accounts which remain unpaid ninety (90) days after the date of the applicable invoice; (ii) Accounts with respect to which the Account Debtor is an Affiliate of any of the Borrowers, or a director, officer or employee of any of the Borrowers; (iii) Accounts with respect to which the Account Debtor is the United States of America or any department, agency or instrumentality thereof, unless filings in accordance with the Assignment of Claims Act have been completed and filed in a manner satisfactory to the Agent or, as to any government contract entered into after the date of this Agreement, concurrently with the execution and delivery of that government contract; (iv) Accounts with respect to which the Account Debtor is not a resident of the United States or Canada except if such Accounts (1) are secured by irrevocable trade letter(s) of credit in form and content acceptable to Bank and confirmed by a United States financial institution acceptable to Bank, (2) are secured by standby letters of credit with an expiration of date of at least one hundred twenty (120) days from the date of shipment confirmed by United States Bank acceptable to Bank and otherwise in form and content acceptable to Bank, or (3) are insured by a company acceptable to Bank, which insurance covers business and political risk; (v) Accounts arising with respect to goods which have not been shipped and delivered to and accepted as satisfactory by the Account Debtor or arising with respect to services which have not been fully performed and accepted as satisfactory by the Account Debtor; (vi) Accounts for which the prospect of payment in full or performance in a timely manner by the Account Debtor is or is likely to become impaired as determined by the Bank in its reasonable discretion; (vii) Accounts which are not invoiced (and dated as of the date of such invoice) and sent to the Account Debtor within fifteen (15) days after delivery of the underlying goods to, or performance of the underlying services for, the Account Debtor; (viii) Accounts with respect to which Bank does not have a first and valid fully perfected security interest; (ix) Accounts with respect to which the Account Debtor is the subject of bankruptcy or a similar insolvency proceeding or has made an assignment for the benefit of creditors or whose assets have been conveyed to a receiver or trustee, except if Bank is delivered evidence acceptable to Bank as to the collectability in the normal course of business of such Accounts; (x) Accounts with respect to which the Account Debtor's obligation to pay the Account is conditional upon the Account Debtor's approval or is otherwise subject to any repurchase obligation or return right, as with sales made on a xxxx-and-hold, guaranteed sale, sale-and-return, sale on approval (except with respect to Accounts in connection with which Account Debtors are entitled to return Inventory solely on the basis on the quality of such Inventory) or consignment basis; (xi) Accounts with respect to which the Account Debtor is located in Minnesota unless the applicable Borrower has filed a Notice of Business Activities Report with the Secretary of State of Minnesota for the then current year; (xiv) all Accounts of any Account Debtor if twenty-five percent (25.0%) or more of all Accounts of such Account Debtor have ceased to be Eligible Accounts Receivable; and (xii) Accounts with respect to which the Account Debtors are residents of Canada to the extent the aggregate sum exceeds $750,000.00. The approvals of Account Debtors and Accounts shall be for Bank purposes only and shall not constitute any representation by Bank as to the credit worthiness of any such Account Debtor or the advisability or profitability of doing business with such Account Debtor.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Eligible Accounts are Accounts which arise in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time and from time to time after the Effective Date, to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless Bank agrees otherwise in writing, Eligible Accounts shall not include:

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Account Receivable means, with respect to any Person, any right of such person to payment for goods sold or leased or for services rendered, whether or not evidenced by an instrument or chattel paper and whether or not yet earned by performance.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Doubtful Loss", "Classified", "Criticized", "Watch list" or words of similar import, together with the principal amount of and accrued and unpaid interest on each such Loan and the identity of the obligor thereunder, (4) where a reasonable doubt exists as to the timely future collectibility of principal and/or interest, whether or not interest is still accruing or the loans are less than 90 days past due, (5) where the interest rate terms have been reduced and/or the maturity dates have been extended subsequent to the agreement under which the loan was originally created due to concerns regarding the borrower's ability to pay in accordance with such initial terms, or (6) where a specific reserve allocation exists in connection therewith, and (G) all assets classified by Innes Street or Citizens Bank as real estate acquired through foreclosure or in lieu of foreclosure, including in-substance foreclosures, and all other assets currently held that were acquired through foreclosure or in lieu of foreclosure.

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • Related Account means an Account with respect to which a new account number has been issued by the applicable Account Owner or the Servicer (a)(i) resulting from a lost or stolen credit or charge card relating to such Account (if such Account is a credit or charge card account) or (ii) under circumstances not requiring the standard application and credit evaluation procedures under the Credit Guidelines applicable to such Account, and (b) that can be traced or identified by reference to or by way of Schedule 1 to this Agreement and the computer or other records of the applicable Account Owner or the Servicer.

  • Excess Loss Account has the meaning set forth in Reg. Section 1.1502-19.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Applicable Account means, with respect to any payment to be made to the Administrative Agent hereunder, the account specified by the Administrative Agent from time to time for the purpose of receiving payments of such type.

  • Collectible means the collectible owned by the Transferor and description of which are set out in Schedule 2 of the Service Agreement, together with all of the Intellectual Property relating to it.

  • Accounts Receivable has the meaning set forth in Section 2.01(a).

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,802,496.17.

  • Ineligible Receivables shall have the meaning specified in subsection 2.05(a).

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Amounts receivable by the Trust in a foreign currency shall be reported to the Evaluator who shall convert the same to U.S. dollars based on current exchange rates, in the same manner as provided in Section 4.01(b) or 4.01(c), as applicable, for the conversion of the valuation of foreign Equity Securities, and the Evaluator shall report such conversion with each Evaluation made pursuant to Section 4.01."

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Delinquent Account means an account with charges for electric services that remain unpaid at least 5 days after the due date.

  • Liquidated Receivable means any Receivable liquidated by the Servicer through the sale or other disposition of the related Financed Equipment or that the Servicer has, after using all reasonable efforts to realize upon the Financed Equipment, determined to charge off without realizing upon the Financed Equipment.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;