Accounts Receivable Statement definition
Examples of Accounts Receivable Statement in a sentence
The payment of the Purchase/Collection of Accounts Receivable Statement is paid once per month.
Sellers shall have delivered to Buyer, and Buyer shall be reasonably satisfied with the preparation of (i) the Closing Balance Sheet, which shall have been prepared in the manner described in Section 1.1 hereof, and (ii) the Closing Accounts Receivable Statement, which shall have been prepared in the manner described in Section 1.1 hereof.
The Other Collection Fee (outside collection agency fees) will continue to be included on the Purchase/Collection of Accounts Receivable Statement in the True-Up Settlement Section during the one-year period.
In the event that the Estimated Accounts Receivable are greater than the Accounts Receivable shown on the Closing Date Accounts Receivable Statement, Seller shall refund to Purchaser, on the first Business Day following the True-Up Date, an amount equal to sixty-five percent (65%) of such excess.
To the Knowledge of Seller, the accounts receivable set forth in the Current Accounts Receivable Statement and other debts arising therefrom are not subject to any counterclaim or set-off and there are no claims or disputes with regard to any such accounts receivable except to the extent of the reserves reflected on the Current Balance Sheet.
Following delivery of such items, Buyer shall have the right to make reasonable inquiries with respect thereto and, during regular business hours or by other arrangement with Sellers, conduct a physical inventory and inspection of Buyer’s financial records, assets, inventory and facilities for the purpose of verifying and validating the information set forth in the Closing Balance Sheet, the Closing Accounts Receivable Statement, and the Adjustment Schedule.
The Customer will receive a Purchase of Accounts Receivable Statement (PARS) which will reflect the Customer's accounts receivables.
Furthermore, within fifty (50) calendar days following the Closing Date, Parent shall furnish the Shareholder Representative with a report which shall set forth the amounts collected by Parent or the Company since the Closing Date with respect to accounts that were set forth on the Closing Accounts Receivable Statement (the “Company Accounts Collected Report”).
If an AR Dispute Statement is not delivered to Seller within 30 days after Buyer’s receipt of the Realized Accounts Receivable Statement, the Realized Accounts Receivable Statement as prepared by Seller will be final and binding.
Any payment to the Customer from the AOC must identify the Purchase/Collection of Accounts Receivable Statement being paid.