Accounts Receivable Aging Statement Clause Samples
The Accounts Receivable Aging Statement clause requires a party to provide a detailed report showing outstanding invoices categorized by the length of time they have been unpaid. Typically, this statement breaks down receivables into time periods such as 30, 60, 90, or more days past due, allowing the recipient to assess the age and collectability of outstanding debts. Its core function is to enhance transparency and facilitate effective credit management by identifying overdue accounts and potential collection issues.
Accounts Receivable Aging Statement. Borrower shall deliver to Lender quarterly accounts receivable aging statements, in form and content reasonably acceptable to Lender, within forty-five (45) days after the end of each quarter certified by Borrower’s chief financial officer or another officer or representative of Borrower acceptable to Lender.
Accounts Receivable Aging Statement. Borrower shall, and shall ensure that Pledgor shall, deliver to Lender quarterly accounts receivable aging statements, substantially in the form delivered to Lender in connection with the Loan Closing, within 45 days after the end of each fiscal quarter, certified by the chief financial officer of Borrower/Pledgor or other officer or representative of each such entity acceptable to Lender. First Republic Bank ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇ ▇▇▇▇▇ Attn: Business Banking Telephone: ▇▇▇-▇▇▇-▇▇▇▇ Email: ▇▇▇▇▇▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ RE: That certain Amended and Restated Loan Agreement dated as of October 1, 2018 by and between FIRST REPUBLIC BANK (“Lender”) and PJT PARTNERS HOLDINGS LP (“Borrower”) (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Loan Agreement”). Capitalized terms not defined herein shall have the meanings assigned to such terms in the Loan Agreement.