Accounts Receivable Component definition
Accounts Receivable Component means the product of (a) the result of (i) face amount of Eligible Accounts Receivable, net of any returns, taxes, rebates, discounts (calculated on the shortest terms) or credits, that have been or could reasonably be expected to be claimed by the Account Debtor, minus (ii) during the period from the Effective Date through September 30, 2013 only, $2,000,000, multiplied by (b) 85.0%.
Accounts Receivable Component means (i) the face amount of Eligible Accounts Receivable (other than Eligible Unbilled Accounts Receivable) the Account Debtors for which have an Investment Grade Rating multiplied by 90.0%; (ii) the face amount of Eligible Accounts Receivable (other than Eligible Unbilled Accounts Receivable) the Account Debtors for which do not have an Investment Grade Rating multiplied by 85.0%; and (iii) the face amount of Eligible Unbilled Accounts Receivable multiplied by 75.0%; provided, that, the face amount of Eligible Accounts Unbilled Receivable calculated pursuant to this clause (iii) and included in the Borrowing Base shall not exceed 30% of the Borrowing Base at any time.
Accounts Receivable Component means the product of (a) the result of the face amount of Eligible Accounts Receivable, net of any returns, taxes, rebates, discounts (calculated on the shortest terms) or credits, that have been or could reasonably be expected to be claimed by the Account Debtor, multiplied by (b) 85.0%.
Examples of Accounts Receivable Component in a sentence
If the Estimated Accounts Receivable Component exceeds the actual Accounts Receivable Component, then the Seller shall pay the Buyer the difference between such amounts.
More Definitions of Accounts Receivable Component
Accounts Receivable Component means (i) the face amount of Eligible Accounts Receivable of the Account Debtors (that are organized under the Laws of the United States, any state thereof or the District of Columbia) for which have an Investment Grade Rating multiplied by 90.0%; (ii) the face amount of Eligible Credit Insured Accounts multiplied by 90.0%; (iii) the face amount of Eligible Accounts Receivable of the Account Debtors (that are organized under the Laws of the United States, any state thereof or the District of Columbia) for which do not have an Investment Grade Rating multiplied by 85.0%. ; (iv) the face amount of Eligible Accounts Receivable of the Account Debtors (that are organized under the laws of Canada or any province or territory thereof) multiplied by 85% and (v) the face amount of Eligible Accounts Receivable of the Account Debtors (that are not organized under the (A) Laws of the United States, any state thereof or the District of Columbia or (B) the laws of Canada or any province thereof) multiplied by 80.0%.
Accounts Receivable Component means the Accounts Receivable of the Company as of the Closing Date.