Certain Accounts Receivable. All Accounts Receivable included in the Guest Ledger as set forth in Section 8.1(c)(i) (collectively, the “Purchased Accounts Receivable”); and
Certain Accounts Receivable. If upon 120 calendar days after the Closing Date any accounts receivable included in the Purchased Assets remain uncollected and at least 60 days past due of their respective terms, Purchaser may assign such accounts receivable to Seller by written notice of such assignment to Seller specifying the accounts and amounts involved. Seller shall thereupon pay to Buyer in cash the face amount of such assigned accounts receivable within 10 calendar days. Both parties shall thereafter continue to cooperate in Seller's collection of such accounts receivable.
Certain Accounts Receivable. If (A) in the course of determining the Post-Closing Adjustment in accordance with the provisions of this Section 2.06, the final Closing Working Capital used to calculate the Post-Closing Adjustment does not include one or more Accounts Receivable that was included in the Estimated Working Capital set forth in the Estimated Working Capital Statement (the “Specified Accounts Receivable”), and (B) Buyer receives payment of any Specified Accounts Receivable within 180 days following the date that the Post-Closing Adjustment is finally determined in accordance with this Section 2.06, then Buyer shall pay to Sellers an aggregate amount equal to the payment received in respect of any Specified Accounts Receivable less the amount of any direct out-of-pocket costs and expenses incurred by Buyer in connection with collecting such Specified Accounts Receivable.
Certain Accounts Receivable. As to STC, all Accounts Receivable arising out of the business and operations of KSBW, and all Accounts Receivable arising out of the business and operations of the Burlington Stations from the STC Transfer Date under the Xxxxxxxx Agreement. As to HAT, all Accounts Receivable arising out of the business and operations of WDTN. Schedule 2.3.15 contains a true and --------------- complete list, dated as of December 31, 1997, of all Accounts Receivable with respect to KSBW and WDTN as of such date.
Certain Accounts Receivable. As to STC, all accounts receivable assigned to STCBV Sub for purposes of collection only under the Xxxxxxxx Agreement (the "Xxxxxxxx Receivables"); and, as to HAT, all amounts which are payable to HAT under the Clear Channel Agreements which were earned prior to the Closing Date.
Certain Accounts Receivable. Following the Closing, Buyer shall use its commercially reasonable efforts to pursue collection of the accounts receivable set forth by invoice on Section 6.13 of the Disclosure Schedules, which represents a summary of amounts due from customers prior to September 3, 2022; provided that Buyer shall not be required to initiate any Proceedings against a counterparty pursuant to this covenant. Promptly following Bxxxx’s receipt of any such accounts receivable (“Recovered AR”). Buyer shall distribute 50% of such Recovered AR to Seller, up to a maximum aggregate amount of $450,000, in accordance with wire transfer instructions provided by Seller. Any such distributions shall be made on a weekly basis. Buyer shall provide Sellers with a weekly reconciliation of the Recovered AR. For purposes of this Section 6.13, any collections from customers with amounts due set forth on Section 6.13 of the Disclosure Schedules and with other accounts receivable as of the Closing Date, shall be applied first to the Recovered AR regardless of when such accounts receivable was due prior to Closing. For purposes or clarity, this Section 6.13 shall have no further force and effect from and after the time that Buyer has distributed to Seller an aggregate amount of Recovered AR equal to $450,000.
Certain Accounts Receivable. 61 Section 5.37. Ratings............................................................................62 Section 5.38. Assignment of Subrogation and Salvage Rights.......................................62 Section 5.39. UCC Financing Statements...........................................................63
Certain Accounts Receivable. (a) Following the Closing, Purchaser shall use commercially reasonable efforts to collect at its own expense accounts receivable (including, without limitation, Reinsurance Recoverables, and premiums receivable) reflected on the Final Balance Sheet (each, a "Receivable") that as of the Closing Date were more than 90 days but less than 180 days past due (collectively, "Outstanding Receivables"); provided, however, that Purchaser shall be under no obligation to engage in, or to incur any expenses with respect to, any litigation, arbitration or other legal proceeding to collect such Outstanding Receivables.
Certain Accounts Receivable. On the Interim Closing Balance Sheet, the gross Accounts Receivable from Ravenswood Physicians Association (“RPA”) is $1,330,483, and the net Accounts Receivable from RPA is $508,006. At Closing, the Net Working Capital will include the net Accounts Receivable from RPA of $508,006. As part of the Purchase Price Adjustment required by Section 2.5(c), the Parties shall determine the net Accounts Receivable from RPA on the Closing Balance Sheet, taking into account payments received after the date of the Interim Closing Balance Sheet, in the same manner the net Accounts Receivable from RPA were determined as of the date of the Interim Closing Balance Sheet. Seller may participate in Buyer’s efforts to collect the Accounts Receivable from RPA. If by December 31, 2002, Buyer has not collected an amount equal to or greater than the value of the net Accounts Receivable from RPA determined from the Closing Balance Sheet, Seller shall purchase from Buyer and Buyer shall sell to Seller the Accounts Receivable from RPA not so collected for a purchase price equal to the difference between the value of the net Accounts Receivable from RPA on the Closing Balance Sheet and the amount collected by Buyer from and after Closing in respect of such Accounts Receivable.
Certain Accounts Receivable. Buyer shall cause Company to promptly remit to Seller all amounts received in respect of the accounts receivable set forth on Schedule 7.4. Neither Company nor Buyer shall have any ------------ obligation to collect, or enforce the collection of, any such accounts receivable.
