Contra Accounts definition

Contra Accounts means Borrower's accounts receivable from a third party that are offset by the Borrower's accounts payable owed to said third party.
Sample 1
Contra Accounts means the aggregate of Borrower's and Guarantor's accounts receivable from a third party that are offset by the aggregate of Borrower's and Guarantor's accounts payable owed to said third party.
Sample 1
Contra Accounts means the actual and potential amount, as determined by Axxxxxxxx acting reasonably, that a Debtor could set off against the amount owed by the Debtor to the Client by virtue of a reciprocal trading relationship. Contract of Sale means a contractual arrangement between the Client and a Debtor for the sale of goods and/or work done and materials supplied and/or services rendered and/or hiring under which a Receivable arises.
Sample 1

Examples of Contra Accounts in a sentence

  • The following functions can be performed:• Clicking Load Transactions retrieves all GL transactions for the contra accounts (those accounts defined in > Setup> GL Contra Accounts).

  • You must ensure the balance on the Contra Account(s) is sufficient on a Deposit start date.

  • You authorize us to perform all necessary Transactions between your Contra Account(s) and Deposit(s).

  • No. 2013-002 dated January 30, 2013 effective January 1, 2014, the account code structure consists of eight (8) mandatory digits, which is composed of the following: Account Group: one digit; Major Account Group: two digits; Sub-Major Account Group: two digits; General Ledger Accounts: two digits; and GL Contra Accounts: one digit.

  • Contra Accounts - If necessary, the accounting structure provides for offsetting contra accounts (e.g., an allowance for doubtful accounts) to adjust historical costs to current levels for financial reporting purposes.

  • It is required, however, that the transfer is non-trivial i.e. some amount of at least one attribute is transferred.

  • ARTICLE 7.6. – TRANSFERS 7.6.1. You authorize us to perform all necessary Transactions between your Contra Account(s) and Deposit(s).

  • The company’s commitments of precious metals on consignment (corresponding to precious metals on consignment in the assets’ side of Contra Accounts).

  • Asset ReceivablesLoans and Receivable Accounts Accounts Receivable General Ledger Contra- Accounts  Contra-Account of Accounts Receivable Allowance for Impairment – Accounts Receivable 1 03 01 011 Asset ReceivablesLoans and Receivable Accounts Accounts Receivable Allowance for Impairment –Accounts Receivable B.

  • Reconciliation of Contra Accounts by Finance Department, Hqrs : GIS; Income-tax; Professional Tax; CTD/RD, ISI Store; OSD; LIC; PLI; HDFC & CTS are contra Accounts.


More Definitions of Contra Accounts

Contra Accounts means the actual and potential amount that a Network Provider could set off against the amount owed by the Network Provider to an Opco by virtue of a reciprocal trading relationship (and not otherwise represented as a Specified Reserve), as determined from time to time (acting reasonably and in good faith at all times) by the Receivables Purchaser from the information provided to the Receivables Purchaser by the Opcos and in relation to which the Receivables Purchaser consults with CPW at least three Business Days before such application and provides a written explanation to CPW justifying such application;
Sample 1
Contra Accounts. Any account receivable where Borrower has a corresponding account payable. Stated differently, any situation where there are mutual accounts receivable and accounts payable existing between Park, Dougxxxxx xx RX or any future subsidiary of any one or more of Borrower in respect of inter-company obligations as well as any obligations with a third party.
Sample 1
Contra Accounts means Trade Accounts Receivable owed to the Company by account debtors to which the Company owes offsetting accounts payable obligations. Copyrights shall mean all copyrights, copyright registrations, recordings, applications, designs, styles, licenses, marks, prints and labels bearing any of the foregoing, goodwill, any and all general intangibles, intellectual property and rights pertaining thereto, and all cash and non-cash proceeds thereof. Debtors shall mean the Company and Crown Pacific Partners, L.P., a Delaware limited partnership; CP Air, Inc., an Oregon corporation; CP Acquisition Co., an Oregon corporation; CP Acquisition II Co., an Oregon corporation; and CP Acquisition III Co., an Oregon corporation. Default shall mean any event specified in Paragraph 10.1 hereof, whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, event or act, has been satisfied.
Sample 1
Contra Accounts means the actual and potential offset value of any amount owed by the Company to a Debtor against the amount owed by the Debtor to the Company as part of a reciprocal trading relationship as determined by Barclays (acting reasonably) from the month end debtors and creditors aged analyses.
Sample 1
Contra Accounts such Account to the extent the Borrower or any subsidiary thereof is liable for goods sold or services rendered by the applicable Account debtor, but only to the extent of the potential offset; (11) Inter-Company/Affiliate Accounts: such Account arises from a sale to any Affiliate of any Loan Party or any employee, officer or director of the Borrower or any Subsidiary or any of their respective Affiliates or to any entity that has any common officer or director with any Loan Party; provided that the foregoing shall not apply to Accounts arising from sales (which sales are on terms and conditions not less favorable to the applicable Loan Party than would reasonably be obtained by such Loan Party in a comparable arm’s length transaction with a Person other than an Affiliate of a Loan Party) to any Affiliates (other than the Borrower and its Subsidiaries) that are portfolio companies of the Investors; (12) Unbilled Accounts: an invoice with respect to such Account has not been sent to the applicable Account debtor; (13) Progress Billing: such Account (i) as to which a Loan Party is not able to bring suit or otherwise enforce its remedies against the applicable Account debtor through
Sample 1

Related to Contra Accounts

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Management Accounts means the unaudited balance sheet of the Seller as at the Management Accounts Date and the unaudited statements of profit and loss of the Seller for the period commencing from 1st January 2007 and ended on the Management Accounts Date prepared in accordance with US GAAP and in a manner consistent with past practice, copies of which are annexed hereto as Exhibit B.

  • Collection Accounts As defined in Section 3.10(a).

  • Separate Accounts means the accounts which are to be prepared for each

  • Sub-Accounts means the respective Sub-Accounts of the Escrow Account, into which the monies specified in Clause 4.1 would be credited every month and paid out if due, and if not due in a month then appropriated proportionately in such month and retained in the respective Sub Accounts and paid out therefrom on the Payment Date(s). 1.2 Interpretation 1.2.1 References to Lenders’ Representative shall, unless repugnant to the context or meaning thereof, mean references to the Lenders’ Representative, acting for and on behalf of Senior Lenders. 1.2.2 The words and expressions beginning with capital letters and defined in this Agreement shall have the meaning ascribed thereto herein, and the words and expressions used in this Agreement and not defined herein but defined in the Development Agreement shall, unless repugnant to the context, have the meaning ascribed thereto in the Development Agreement. 1.2.3 References to Clauses are, unless stated otherwise, references to Clauses of this Agreement. 1.2.4 The rules of interpretation stated in Clauses 1.2, 1.3 and 1.4 of the Development Agreement shall apply, mutatis mutandis, to this Agreement.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Lockbox Accounts means the accounts maintained by Borrower at the Lockbox Banks into which all collections or payments on their Accounts and other Collateral are paid.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Locked Box Accounts means the unaudited, aggregated balance sheet of the Group as at the Locked Box Date, in the agreed form;

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • Other Accounts means all of the accounts and funds, other than the Sub-Advised Assets, managed by the Sub-Adviser for or on behalf of Northern Trust Investments, Inc. and/or its affiliates that have a substantially similar investment strategy for which the Sub-Adviser is being engaged pursuant to this Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Running Account Bill means a bill for the payment of "On Account" money to the Contractor during the progress of work on the basis of work done and the supply of non-perishable materials to be incorporated in the work.

  • Excluded Deposit Accounts means (i) any payroll account, (ii) any withholding tax, benefits, escrow, trust, customs or any other fiduciary account and (iii) any zero balance deposit account.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement.

  • Depository Accounts shall have the meaning set forth in Section 4.15(h) hereof.