Expected Net Value means, with respect to any Eligible Receivable, the gross unpaid amount of such Receivable on date of creation thereof, times the Net Value Factor.
Expected Net Value means, with respect to any Eligible Receivable, the gross unpaid amount of such Receivable on the date of creation thereof, times the Net Value Factor.
Expected Net Value means, with respect to any Receivable, the sum of (a) the gross unpaid amount of such Receivable on the date of creation thereof minus (b) all Contractual Allowances with respect to such Receivable; provided that the amount deducted pursuant to clause (b) shall be increased by 25% (i) during an ENV Period or (ii) if a Monthly Report is not delivered when due in accordance with Section 6.06, during the period from the first Business Day after the date on which such Monthly Report was required to have been delivered until the first Business Day immediately following the date such Monthly Report is delivered in accordance with Section 6.06.
Examples of Expected Net Value in a sentence
After May 31, 2012, no Receivables will be sold pursuant to any agreement other than the Documents, and prior to May 31, 2012, the aggregate Expected Net Value of the AccessOne Program Receivables shall not exceed $500,000.
After May 31, 2012, no Receivables will be sold pursuant to any agreement other than the Facility Documents, and prior to May 31, 2012, the aggregate Expected Net Value of the AccessOne Program Receivables shall not exceed $500,000.
Commencing with the first fiscal quarter after the fiscal quarter ended September 30, 2007 in which the average Revolving Loan for any single Month in such fiscal quarter exceeds 65% of the Expected Net Value of Eligible Receivables, the Consolidated Fixed Charge Coverage Ratio in any fiscal quarter of the Parent is less than 1.00:1.00.
More Definitions of Expected Net Value
Expected Net Value means percentages that Agent deems necessary or appropriate, in its Permitted Discretion, adjusted from time to time to reduce Eligible Accounts by payor class (e.g., Medicare, Medicaid, commercial insurance providers, etc.) based upon each Borrower’s historical collection history, contractual allowances, returns, rebates, discounts, credits and other allowances that may result in the non-payment or diminution in value of Eligible Accounts.
Expected Net Value means, with respect to any Batch Receivable, the gross unpaid amount of such Receivable on the Transfer Date therefor, times the applicable Net Value Factor.
Expected Net Value means percentages that Agent deems necessary or appropriate, in its Permitted Discretion, adjusted from time to time to reduce Eligible Contract Assets based upon Borrowers’ historical collection history, contractual allowances, returns, rebates, discounts, credits and other allowances that may result in the non-payment or diminution in value of Eligible Contract Assets.
Expected Net Value means percentages that Agent deems necessary or appropriate, in its Permitted Discretion, adjusted from time to time to reduce or increase Eligible Accounts by payor class (e.g., Medicare, Medicaid, commercial insurance, etc.) based upon Borrower’s historical collection history, contractual allowances, returns, rebates, discounts, credits and other allowances that may result in the non- payment or diminution in value of Eligible Accounts. The Expected Net Value of Eligible Accounts will be disclosed to Borrowers by Agent whenever the Borrowing Base is calculated.
Expected Net Value means percentages that Agent deems necessary or appropriate, in its Permitted Discretion, as adjusted from time to time by written notice to Borrowers based on the results of the most recent field examination then having been performed by (or on behalf of) Agent hereunder, to reduce Eligible Accounts by payor class (e.g., Medicare, Medicaid, commercial insurance, etc.) based upon Borrowers’ historical collection history, contractual allowances, returns, rebates, discounts, credits and other allowances that may result in the non-payment or diminution in value of Eligible Accounts.
Expected Net Value means a percentage (which shall be based on the results of such Field Examination) of the value of the Loan Parties Eligible Third Party Accounts; provided that, if changes to any Loan Party’s historical collection history, contractual allowances, returns, rebates, discounts, credits and other allowances would likely adversely affect in any material respect the value of such Eligible Accounts, the Administrative Agent may adjust such percentage by payor class (e.g., Medicare, Medicaid, commercial insurance, etc.) and product category if, after discussion with the Borrower, and upon not less than five Business Days’ prior written notice (unless an Event of Default exists, in which event one Business Days’ prior written notice shall be required) it deems it necessary and appropriate, in the exercise of its Credit Judgment (taking in account the rational relationship to the results of such Field Examinations conducted by the Administrative Agent in connection with the Borrowing Base).
Expected Net Value means, with respect to any Receivable Interest, the gross unpaid amount of such Receivable Interest on the purchase date thereof multiplied by the Net Value Factor.