Consolidated Accounts Receivable definition

Consolidated Accounts Receivable means the consolidated accounts receivable (net of the allowance for doubtful accounts calculated in accordance with GAAP) of the Issuer and its Subsidiaries that are not more than 60 days past their due date and that were entered into in the ordinary course of business on normal payment terms as shown on the most recent internal consolidated balance sheet of the Issuer and such Subsidiaries calculated on a consolidated basis in accordance with GAAP.

Consolidated Accounts Receivable means the accounts receivable of Holdings, the Company and its Subsidiaries arising from the sale of goods or services in the ordinary 6 15 course of business, determined on a consolidated basis in accordance with GAAP.

Consolidated Accounts Receivable means, for any date of determination, for the Borrower and its Subsidiaries on a consolidated basis, the aggregate amount of all accounts receivable of the Borrower and its Subsidiaries, as recorded on the financial statements of the Borrower and its Subsidiaries, net of all reserves and other provisions taken or established in accordance with GAAP as applied on a consistent basis.

Examples of Consolidated Accounts Receivable in a sentence

• Consolidated Accounts Receivable (net of allowances) increased $1.0 million at March 31, 2019 compared to December 31, 2018, essentially all in the U.S., because, with the help of domestic direct Filshie sales, 1Q 2019 U.S. trade sales were $1.2 million higher than in 4Q 2018.

• For the year ended December 31, 2001, no customer accounted for more than 10% of Consolidated Net Sales or Consolidated Accounts Receivable.

• The Company shall not permit the Effective Amount of the Revolving Loans plus the Effective Amount of the L/C Obligations to exceed an amount equal to 15% of the Consolidated Accounts Receivable.

• The Noteholders hereby waive compliance by the Company with Section 5.7 of the Existing Note Agreement for the fiscal quarters ended on September 30, 2001 and December 31, 2001 on account of Current Debt (as defined in the Existing Note Agreement) of the Company and the Restricted Subsidiaries being in excess of 80% of Consolidated Accounts Receivable (as defined in the Existing Note Agreement) as of each such date.

• No other customer accounted for more than 10% of Consolidated Net Sales or Consolidated Accounts Receivable for the years ended December 31, 2000 and 1999.

More Definitions of Consolidated Accounts Receivable

Consolidated Accounts Receivable means the amount of all accounts receivable of the Borrower and its Subsidiaries less all reserves with respect thereto, including without limitation reserves for past due and doubtful accounts, determined on a consolidated basis in accordance with GAAP applied on a Consistent Basis.

Consolidated Accounts Receivable means the trade accounts receivable of the Xxxxx Companies net after the deduction of reserve for bad debts equal to two percent (2%) of net sales for the prior 12 month period.

Consolidated Accounts Receivable means, as of any date, all accounts receivable of the Borrower and its Subsidiaries as of such date determined on a consolidated basis in accordance with GAAP.

Consolidated Accounts Receivable means, as at any date of determination, all Accounts Receivable of Company and its Subsidiaries as of such date as determined in accordance with GAAP."

Consolidated Accounts Receivable at any date, the aggregate outstanding amount at such date of receivables generated in the ordinary course of business and owing to Holdings or any of its Subsidiaries by any other Person.

Consolidated Accounts Receivable means, at any determination date, the consolidated accounts receivable of the Company and its Subsidiaries as shown on the Company’s consolidated balance sheet; it being understood that as of any determination date, accounts receivable shall be determined as of the end of the calendar month immediately preceding such determination date, except in the case where such determination date occurs on or before the 15th day of a month, in which case the accounts receivable shall be determined as of the end of the month which is the second preceding month before the month in which such determination date occurs. Section 1 of the Credit Agreement is hereby further amended so that the definition of “Consolidated Fixed Charges” shall read in its entirety, as follows:

Consolidated Accounts Receivable means at any date the total accounts receivable of the Borrower and its Consolidated Subsidiaries for goods sold in the ordinary course of their respective businesses to third parties that are not Subsidiaries of the Borrower, determined on a consolidated basis as of such date.";