Accounts Receivable Aging Reports Clause Samples
The Accounts Receivable Aging Reports clause requires one party, typically the seller or service provider, to regularly provide detailed reports showing the status and age of outstanding invoices owed by customers. These reports categorize receivables based on how long they have been unpaid, such as current, 30 days past due, 60 days past due, and so on, allowing the recipient to monitor payment trends and identify potential collection issues. The core function of this clause is to ensure transparency and enable proactive management of credit risk by keeping all parties informed about the financial health and cash flow related to receivables.
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Accounts Receivable Aging Reports. As soon as available but in any event within ten (10) days after the close of each month during the term of the Facility, a detailed aging report setting forth amounts due and owing on Accounts Receivable on the Borrower books as of the close of the preceding month, together with a reconciliation report satisfactory to the Bank showing all sales, collections, payments and adjustments to Accounts Receivable on the Borrower's books as of the close of the preceding month.
Accounts Receivable Aging Reports. Simultaneously with the delivery of each financial statement pursuant to Section 7.1(a) and Section 7.1(b),a certificate of a Responsible Officer of the Company setting forth an accounts receivable aging as of the end of the fiscal period for which such financial statements are being provided, in such form and detail and with such supporting documentation as shall be required by the Required Holders in their reasonable discretion.”
Accounts Receivable Aging Reports. Within fourteen (14) days from the end of each calendar month, submit to Administrative Agent a report in form and substance acceptable to the Administrative Agent identifying the accounts receivable aging for all accounts receivable of Borrower as of the end of such calendar month.
Accounts Receivable Aging Reports. As soon as available, but in no event later than ninety (90) days after the end of each fiscal year, Borrower’s Accounts Receivable Aging Reports.
Accounts Receivable Aging Reports. As Agent may request from time to time, Borrower shall provide the Agent with original counterparts of an Accounts Receivable Aging certified as to the accuracy thereof by any one of the following persons: President, Treasurer, Chief Financial Officer, or Controller of Borrower."
(k) The text of Section 6.5 of the Loan Agreement shall be deleted and replaced with the following: "
Accounts Receivable Aging Reports. Borrower shall deliver to Bank unaudited, management-prepared monthly detailed receivables reports including, without limitation, totals, customer names and addresses, a reconciliation statement and the original date of invoice, as soon as available and in any event within 10 business days after the close of each month; all in reasonable detail and prepared in conformity with generally accepted accounting principles, applied on a basis consistent with that of the preceding month. Such reports shall be certified as to their correctness by a principal financial officer of Borrower.
Accounts Receivable Aging Reports. On the Closing Date and quarterly thereafter the Borrower shall provide to the Lender a billed and unbilled accounts receivable aging report which shall be delivered to the Lender within forty-five (45) days following the last day of each fiscal quarter or at such other time as the Lender may specify in its sole and absolute discretion.
Accounts Receivable Aging Reports. Within forty-five (45) days after the end of each calendar quarter (and at any other time upon reasonable request by the Lender), accounts receivable aging reports in form and substance reasonably satisfactory to the Lender;
Accounts Receivable Aging Reports. On or before the tenth (10th) day of each month (but on or before the thirtieth (30th) day of the last month in each fiscal year only), a detailed and summary aging report setting forth the amount due and owing on Accounts Receivable on Borrower's books as of the close of the preceding month, together with a reconciliation report satisfactory to Lender showing all sales, collections, payments and adjustments to Accounts Receivable on Borrower's books and showing a reconciliation, substantially in the form of Exhibit "C" attached hereto and made a part hereof to Borrower's bank statement(s), all as of the close of the preceding month.