AR Balance definition

AR Balance means all Debt owed by ▇▇▇▇▇▇▇▇ and EES to IES as of the day prior to the Closing Date under that certain Master Solar Subcontract dated August 4, 2011 and any and all amendments and addendums thereto, which aggregates not less than Three Million Seven Hundred Thousand Dollars ($3,700,000.00) . For the avoidance of doubt, AR Balance shall not include any Debt to Buyer under this Agreement or any other Transaction Documents.
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Examples of AR Balance in a sentence

  • The Buyer shall deliver to the Seller, within 30 days after delivery of the Final Statement (as hereinafter defined), a check in an amount, if any, equal to the A/R Balance as of the Determination Date less the total amount of all payments made to the Seller prior to such date pursuant to this Section 2.3(a).

  • The parties hereto acknowledge and agree that after delivery of the Final Statement and payment in full of the A/R Balance or A/R Shortfall, as the case may be, neither party shall have any other obligation to the other party with respect to the Accounts Receivable, except that all remaining uncollected Accounts Receivable shall be turned over to the Seller for disposition in such manner as the Seller, in its sole discretion, shall determine.

  • INGR▇▇ ▇▇▇RO ACCOUNTS RECEIVABLE STATISTICS - PREVIOUS MASTER TRUST (SELECT SOURCE ONLY) -------------------------------------------------------------------------------- ($ in thousands) Dilutive ------------------------------------------ BOM Gross Credit Inter-Co. Inter-Co. Defective Non- Stock A/P Period A/R Balance Sales Sales Collections Collections Write-offs Product Resellable Balancing Adj.

  • The amount by which the A/R Collections exceed the sum of $1,703,828 is hereinafter referred to as the "A/R Balance." The Buyer shall deliver to the Seller a check in an amount equal to the A/R Balance together with the statement referred to in this Section 2.3(a).

  • A/R Aging Report (Date: __/__/__) $ * * New Assigned A/R Balance and A/R Aging Report (Lines 4 and 5) must equal each other* * ================================================================================================================== 6.

  • The parties hereto acknowledge and agree that after delivery of the Final Statement and payment in full of the A/R Balance or A/R Shortfall, as the case may be, neither party shall have any other obligation to the other party with respect to the Accounts Receivable, except that all remaining uncollected Accounts Receivable (the "Remainder") shall be turned over to the Seller for disposition in such manner as the Seller, in its sole discretion, shall determine.

  • Average Charge per Day A/R Balance A/R Days When the work is being managed appropriately your outstanding A/R should not usually be more than three months of charges.

  • The Interim AR Balance will be updated at Closing in accordance with Section 3.2(a) herein.

  • In that regard, once the Lockbox has been established pursuant to the terms of the Lockbox Agreement, any and all checks received by the Company from any source for payment of any of the Company’s accounts receivable, including both the Assigned Accounts and all other accounts receivable of the Company, shall be deposited in the Lockbox for the benefit of the Sellers until the entire AR Balance and all other amounts due thereto have been paid in full by such collections.

  • Payment and performance of the entire AR Balance shall be guarantied by Buyer pursuant to the terms of that certain Continuing Corporate Guaranty delivered by Buyer to the Seller Representative on the execution of this Amendment.