Written-Off Accounts definition

Written-Off Accounts means all Private Label Accounts and Co-Branded Accounts owned by the Company Bank as of the Cut-Off Time and existing as of the Closing Date under the Program that have been charged-off or written-off as of the Cut-Off Time, or should have been charged-off or written-off as of the Cut-Off Time in accordance with the Business Policies and Procedures.

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Written-Off Accounts means all Accounts that (i) have been charged-off or written-off as of the Cut-Off Time, or (ii) are eligible for charge off or write-off as of the Cut-Off Time in accordance with the write-off policy attached hereto as Schedule 4.1(f).

Written-Off Accounts means, collectively, (a) Accounts written off by Bank pursuant to its write-off policies, and (b) Accounts written off by JCPenney or JCPenney Bank prior to the date hereof. 82

Examples of Written-Off Accounts in a sentence

The Principal Receivables balances of Written-Off Accounts will be subtracted from the aggregate outstanding balance of all Principal Receivables owing under the Accounts on any date for the purpose of calculating the Pool Balance.
Collections, however, include any Collections in respect of such Written-Off Accounts (“Recoveries”).
The parties have agreed to jointly gather the documentation and information necessary for the parties to pursue, analyze, file, defend and/or litigate sales tax refunds, deductions, credits and/or audit offsets arising from Written-Off Accounts (the “Sales Tax Recovery Program”).
An Ownership Interest shall, however, continue to constitute an undivided ownership interest in all amounts owing as Receivables under Written-Off Accounts.
Regardless of whether a jurisdiction permits either Bank or VS, or only VS to make a claim for Recoverable Sales Taxes, VS shall claim a deduction or credit on its sales tax returns for the maximum Recoverable Sales Tax amount associated with Bank’s Written-Off Accounts in states in which VS is currently claiming Recoverable Sales Taxes, provided that what shall be considered the maximum Recoverable Sales Tax amount shall be in VS’s reasonable discretion.
As used in this Agreement, the following terms shall have the meanings set forth below, unless the context otherwise requires: BAD DEBT: See Uncollectible Amounts and Written-Off Accounts.
As used in this Agreement, the following terms shall have the meanings set forth below, unless the context otherwise requires: Bad Debt: See Uncollectible Amounts and Written-Off Accounts.
For the avoidance of doubt, it is acknowledged and agreed that, unless otherwise provided, Dual Card Accounts shall include Dual Card Accounts that are Written-Off Accounts.
If, at any time during the Receivable Collections Period, the aggregate sum of the Net Collections of Closing Date Receivables and Written-Off Accounts reaches the Total Guarantee Amount of $3,100,000, the entire Accounts Receivable Guarantee and the respective obligations of Sellers under this Section 8.9 shall thereupon and thereby be fully satisfied and discharged and the Sellers shall have no further obligations to Buyer under this Section 8.9.
Regardless of whether a jurisdiction permits either Bank or Pier 1, or only Pier 1 to make a claim for Recoverable Sales Taxes, Pier 1 will use reasonable efforts to claim a deduction on its sales tax returns for the maximum Recoverable Sales Tax amount associated with Bank’s Written-Off Accounts as permitted by Applicable Law.

More Definitions of Written-Off Accounts

Written-Off Accounts means those accounts, chattel paper, instruments, and general intangibles consisting of an obligation for the payment of money, written-off by (1) HDPI or Brawn prior to December 21, 1992, which are subject to recovery efforts by GECC pursuant to Section 3.6 of the GECC Account Purchase Agreement as in effect on December 21, 1992, or (2) written-off by Gump's or GBM or their predecessors in interest prior to the date of the initial purchase by GECC of accounts from GBM and Gump's, which are subject to recovery efforts by GECC pursuant to Section 3.6 of the GECC Account Purchase Agreement as in effect on such date of the initial purchase by GECC of accounts from GBM and Gump's.

Written-Off Accounts. Those End Users' accounts that are not paid by the End Users and are subsequently written off as Bad Debt by the LECs.

Written-Off Accounts means all Private Label Accounts and Co-Branded Accounts that (i) have been charged-off or written-off as of the Cut-Off Time or (ii) that should have been charged-off or written-off as of the Cut-Off Time in accordance with the write-off policy attached hereto as S chedule C.

Written-Off Accounts means the accounts receivable of the Company or HSI that were uncollected and had been "written-off" by the Company or HSI, as the case may be, as of or at any time prior to the Closing Date.

Written-Off Accounts. Those End Users' accounts that are not paid by the End Users and are subsequently written off as Bad Debt by the CECIL.