Accrued Receivables definition

Accrued Receivables means the aggregate total of Receivables, as of the Closing Date, regardless of whether or not such Receivables have been invoiced to a customer by the Seller on or before the Closing Date.
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Examples of Accrued Receivables in a sentence

  • If the Previously-Accrued Payables exceed the Previously- Accrued Receivables, Primary Manager shall be responsible for the payment of such excess.

  • Manager shall cause Marriott to use commercially reasonable procedures to collect such Previously- Accrued Receivables, but neither Manager nor Marriott shall not be obligated to institute any legal actions with respect to any Previously-Accrued Receivables.

  • As a convenience to the Primary Manager, Submanager agrees to apply any Previously- Accrued Receivables which Submanager receives at the Hotel to pay those Previously-Accrued Payables which Primary Manager has confirmed in writing to Submanager.

  • Buyer acknowledges that on or before the Closing Date, not all of the Receivables set forth on the Schedule of Accrued Receivables will be Actual Receivables and that, pursuant to the Transitional Services Agreements, Seller shall be responsible for invoicing to customers Receivables for the period prior to the Closing Date.

  • Upon such discontinuance, Borrower shall have no right to request, and Lender shall have no obligation to make, any Advances against Eligible Accrued Receivables and the terms and provisions of this Section 4.3 shall be of no further force and effect.

  • So long as no Event of Default exists, Lender agrees to provide Borrower with five (5) days notice of its intent to discontinue making Advances against Eligible Accrued Receivables.

  • Borrower hereby acknowledges, confirms and agrees that after January 1,2002, Lender has the absolute right, in its sole discretion and at any time, to discontinue making Advances on the Eligible Accrued Receivables.