Bad Debt Reserves definition

Bad Debt Reserves has the meaning ascribed to it in Section 1.03(a).
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Bad Debt Reserves. Inv. CCS", "Other Inventory" and "Prepaids") and Current Liabilities (comprised of "Payables", "Compensation",
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Bad Debt Reserves means the reserves for lease losses on the general ledger at the end of the relevant Earnout Period.
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Examples of Bad Debt Reserves in a sentence

  • Purchaser will sell, and Sellers agree to purchase, uncollected Closing Date Accounts Receivable specified by Purchaser, less the Bad Debt Reserves, for an aggregate purchase price equal to the total face amount thereof.

  • To the extent that Purchaser collects Closing Date Accounts Receivable in excess of an amount equal to (x) the aggregate face value of the Closing Date Accounts Receivable less (y) the Bad Debt Reserves, Purchaser shall, within five (5) Business Days following such collection, remit to Sellers one hundred percent (100%) of such excess amount.

  • To the extent that prior to the 90th day after the Closing Date, Purchaser has collected Closing Date Accounts Receivable in excess of an amount equal to (x) the aggregate face value of the Closing Date Accounts Receivable less (y) the Bad Debt Reserves, Purchaser shall, within five (5) Business Days following such 90th day, remit to Sellers fifty percent (50%) of such excess amount.

  • Deductions will include: - Service Fees (Exhibits A and D); - Billing Costs (Exhibit B); - Bad Debt Reserves (Exhibit C); - HBS Reserve; - Pass-through of chargebacks and credits invoiced to Customer as enumerated in Para 3.3 (b.) through Para 3.3 (f.) above ; - Termination and Contingency Reserves (Section VI); To the extent possible, HBS will chargeback (or credit) customer for items related specifically to its end-user accounts.

  • When HBS, in its sole discretion, determines that it has reason to suspect that Customer's Chargebacks over the next eighteen month period will require funds greater than Customer has accumulated in its Bad Debt Reserves and its Termination Reserve, HBS may require such amount as it determines is reasonably needed to protect it from future Chargebacks.

  • Purchaser will sell, and Sellers agree to purchase, uncollected Closing Date Accounts Receivable specified by Purchaser, less the Bad Debt Reserves, for an aggregate purchase price equal to the total face amount of the uncollected Closing Date Accounts Receivable less the amount of any Bad Debt Reserves reserved with respect to such Closing Date Accounts Receivable.


More Definitions of Bad Debt Reserves

Bad Debt Reserves means total accounts receivable reserves, including allowances for bad debts and allowances. ESCROW AGREEMENT (the “Agreement”) is made and entered into as of ___________, 2008 by and among U.S. Bank National Association, a national banking association (the “Escrow Agent”), Critical Homecare Solutions Holdings, Inc., a Delaware corporation (the “Company”), Kohlberg Investors V, L.P., a Delaware limited partnership, solely in its capacity as the Sellers’ Representative (the “Sellers’ Representative”), and MBF Healthcare Acquisition Corp., a Delaware (the “Buyer”). Capitalized terms used but not defined herein shall have the respective meanings given to them in the Stock Purchase Agreement, dated as of February 6, 2008 (the “Stock Purchase Agreement”), by and among the Company, the Sellers’ Representative (in its capacity as the Sellers’ Representative), Kohlberg Investors V, L.P. (“KIV”), K▇▇▇▇▇▇▇ ▇▇ Investors V, L.P. (“KTE”), Kohlberg Offshore Investors V, L.P. (“KOI”), Kohlberg Partners V, L.P. (“KPV”), KOCO Investors V, L.P. (“KOCO”), S.A.C. Domestic Investments, L.P. (“SAC”), Blackstone Mezzanine Partners II L.P. (“BMP ”), Blackstone Mezzanine Holdings II L.P. (“BMH”), N▇▇▇▇ ▇▇▇▇▇ (“P▇▇▇▇”), R▇▇▇▇▇ ▇▇▇▇▇▇ (“C▇▇▇▇▇”), M▇▇▇ J▇▇▇ ▇▇▇▇▇▇ (“G▇▇▇▇▇”) and J▇▇▇ ▇▇▇▇ (“R▇▇▇”) (KIV, KTE, KOI, KPV, KOCO, SAC, BMP, BMH, Patel, Cucuel, G▇▇▇▇▇ and R▇▇▇ shall be individually referred to herein as a “Seller” and collectively, the “Sellers”), and the Buyer.
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