Bad Debt. If, after exercising good faith, commercially reasonable collection efforts, Licensee is unable to collect any amount related to the sale, lease or other transfer of Licensed Products and/or related to the performance of Licensed Services for which it has previously paid royalties hereunder, Licensee shall be entitled to deduct any royalty previously paid with respect to such uncollected amount from the royalty payment due by Licensee in the next Calendar Quarter, which deduction shall be set forth in the corresponding report under Section 5.1 below. If, at any time after such deduction Licensee does collect any of such amounts, such collected amounts shall be included as Net Sales or Service Income in the Calendar Quarter in which they are collected and Licensee shall pay Harvard royalties thereon accordingly.
Bad Debt. Bad debt expense;
Bad Debt. If, after exercising good faith, commercially reasonable collection efforts, LICENSEE or a Sublicensee is unable to collect any amount that it has billed or invoiced for the sale, lease or other transfer of Licensed Products for which Licensee has already paid royalties under Section 4.3, LICENSEE shall be entitled to deduct the amount of such royalties with respect to such uncollected amount from the royalty payments due under Section 4.3.1 in the next calendar quarter, which deduction shall be set forth in detail as it would be recorded in LICENSEE accounting records in the corresponding report under Section 5.3 below. If, at any time after such deduction LICENSEE does collect any of such amount, such collected amount shall be included as Net Sales in the calendar quarter in which they are collected and LICENSEE shall pay BCM royalties thereon accordingly.
Bad Debt. The term “Bad Debt” shall mean the expense related to the adjustment of any Community’s allowance for doubtful accounts, in accordance with GAAP using a methodology based on prior collection experience and approval by independent auditors.
Bad Debt. We are not obliged to pay any Fees for which we have not received a corresponding payment from the Customer, and we reserve the right to make adjustments against future payments due to You to account for bad debt from any corresponding Customer’s payment.
Bad Debt. If, after exercising good faith, commercially reasonable collection efforts for at least two Calendar Quarters after the Calendar Quarter in which Net Sales are made for which Licensee is unable to collect any amount that it has billed or invoiced with respect to such Net Sales for which it has already paid royalties under Sections 4.5.1 or 4.5.2, Licensee shall be entitled to deduct the amount of such royalties with respect to such uncollected amount from the royalty payments due under Sections 4.5.1 and 4.5.2 in the next succeeding (third) Calendar Quarter, which deduction shall be set forth in the corresponding report under Section 5.1 below. If, at any time after such deduction Licensee does collect on the Net Sales for which such deduction was made, such collected amount shall be included as Net Sales in the Calendar Quarter in which they are collected and Licensee shall pay Harvard royalties thereon accordingly.
Bad Debt. Vibrant may deduct from any amounts due to the Publisher (under this Agreement or otherwise) the Publisher's pro rata share of third party underpayments which formed part of the payment (s)/calculation of the payment(s) which Vibrant has previously made or given to Publisher under this Agreement; provided however that Vibrant shall not deduct such underpayments unless and until the relevant third party from which the underlying payments are due has begun proceedings to wind up its business, become subject to bankruptcy or other insolvency proceedings, made an assignment for the benefit of creditors, admits in writing its inability to pay its debts, or otherwise clearly indicates that it is unable to or does not intend to make the relevant payment.
Bad Debt. You recognize and agree that AT&T reserves the right to deduct from Remittances Your pro rata portion of bad debt for Premium Applications. [*]. To the extent that AT&T is unable to track bad debt to the line item or third-party provider, You agree that AT&T may apply its overall bad debt rate for purchases of digital content against your pro rata share of Remittances.
Bad Debt. No MUNICIPALITY shall be responsible for the collection of "bad debt" or uncollectable accounts relating to any amounts billed by CONTRACTOR to Residential, Commercial, or industrial customers served by CONTRACTOR. Notwithstanding anything to the contrary contained in this Agreement, CONTRACTOR may, in its discretion, discontinue service to any Residential, Commercial, or industrial customer that does not pay the full amount set forth herein for the services provided hereunder within thirty (30) days of the date of any invoice delivered to such customer. CONTRACTOR shall re-establish service to such customer once the customer's account has been paid in full.
Bad Debt. Bad debt is defined as the operating expense incurred because of the failure to collect receivables, and the related costs to collect. Bad debts must be offset against identified non-State, non-Federal, unrestricted revenue. The provider must make a good faith effort to collect the receivable (e.g. through billing, pursuing through a collection agency, etc.)
