Current Accounts Receivable definition

Current Accounts Receivable means $809,384.56, which is the current accounts receivable amount owed by Borrower to DE and unpaid as of the Closing Date.

Current Accounts Receivable means accounts receivable of the Group Companies that are aged 120 days or less as of the Closing Date.

Current Accounts Receivable means all accounts receivable of the Company and its Subsidiaries outstanding as of the Closing Date and less than 90 days past due that are owed to the Company and its Subsidiaries by customers determined in accordance with GAAP (net of reserves), which are set forth on the Adjusted Net Cash Amount Certificate.

Examples of Current Accounts Receivable in a sentence

• The restricted assets as of June 30, 2015 are as follows: Current Accounts Receivable - Accounts receivable of the business-type activities consist of customers utilities services provided, both billed and unbilled, due at year end, reported net of allowance for uncollectible amounts.

• Any accounts receivable in excess of the Current Accounts Receivable referred to in 2(a) the “ Excluded Accounts Receivable”) will be retained and collected by Securityholders.

• Within one (1) business days before the Closing, Securityholders will delivery to Focus Universal a schedule of all Current Accounts Receivable and Excluded Accounts Receivable.

• Accounts receivable at June 30, 2014, consisted of the following: Student Accounts$ 344,179.57Federal – PELL554.00Federal – Direct Loans1,231.00Federal – Work-Study Admin1,161.15Federal – Work-Study1,401.22Federal – TRAC 7139,514.61State – Wind Energy19,058.00Other Receivables 531.23Total Current Accounts Receivable$ 507,630.78 The College uses the allowance method to account for uncollectible accounts receivable.

• If the Current Accounts Receivable is not enough to achieve One Million Dollars ($1,000,000) of Working Capital then the amount will be offset with cash to complete the One Million Dollars ($1,000,000) of Working Capital to be delivered to Focus Universal.

More Definitions of Current Accounts Receivable

Current Accounts Receivable means all sums owed to the Company from Customers which are not more than 90 days past due.

Current Accounts Receivable shall have the meaning set forth in Section 2.1(n).

Current Accounts Receivable means those Seller's Accounts Receivable which are less than One Hundred Twenty (120) days old on the day before the Closing Date (reduced by the aggregate amount of any and all outstanding customer credits).

Current Accounts Receivable means an amount equal to the lesser of (i) the aggregate of all amounts due from clients to Intagio as of the Closing Date from accounts marked as either “Active,” “Restricted,” or “Sales Restricted” on Exhibit A, to the extent such accounts are either current or are no more than 90 days past due, or (ii) $150,000.

Current Accounts Receivable means only those accounts receivable that are fewer than 90 days old as of the date of determination and that the Company has no reason to believe are not collectible at their full recorded amounts in accordance with their terms. The Working Capital Adjustment will be based upon the Unaudited Balance Sheet described at Section 2.6.

Current Accounts Receivable means all Accounts Receivable within the 89 calendar days preceding the date hereof.

Current Accounts Receivable means the Accounts Receivable excluding such Accounts Receivable outstanding more than 90 days from the date of invoice.