Current Receivable definition

Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

Current Receivable means any Receivable with respect to which no payment is outstanding beyond the date on which such payment was due.

Current Receivable as defined in subsection 2.13(f).

Examples of Current Receivable in a sentence

• Prior 2 years and current Year-To-Date financial statements,to include Balance Sheets and Statements of Income & Expenses, and Current Receivable Aging Report.Audited financial information is preferred, if available. 9.

• The Owner shall cause all sums hereafter received or recovered by or for it in respect of any Current Receivable to be directly credited to a separate and distinct account as the Collateral Agent may from time to time designate and, if called upon to do so by notice in writing from the Collateral Agent, shall execute an absolute assignment of any such Current Receivable in favor of the Collateral Agent, all at the cost of the Owner.

• The Owner shall cause all sums hereafter received or recovered by or for it in respect of any Current Receivable to be directly credited to a separate and distinct account as the Indenture Trustee may from time to time designate and, if called upon to do so by notice in writing from the Indenture Trustee, shall execute an absolute assignment of any such Current Receivable in favor of the Indenture Trustee, all at the cost of the Owner.

• Current Receivable means each debt (or a portion thereof) owing to a Seller under a Customer Contract as at the Effective Time in respect of services provided by any one or more of the Sellers prior to the Effective Time and which: (a) has been invoiced by the relevant Seller prior to the Effective Time; (b) is undisputed by the relevant Person owing the debt; and (c) is not overdue by more than 31 days from its invoiced due date.

• Current Receivables Credit Note means any Credit Note issued in accordance with clause 14.4 that relates to a Current Receivable, excluding any Credit Note which is included in the calculation of the Current Receivables Credit Note Offset Amount.

More Definitions of Current Receivable

Current Receivable means a Receivable that has not aged beyond its originally stated due date.

Current Receivable means a Receivable as to which no part of a scheduled payment remains unpaid following the due date for such payment.

Current Receivable means, as of any date of determination, any Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

Current Receivable means any Eligible Receivable of ABF for which no more than 30 days has passed since the date of original invoice therefor.

Current Receivable means a Pool Receivable which has an Outstanding Balance and as to which no payment, or portion thereof, remains unpaid past the original due date for such payment.

Current Receivable means any Purchased Receivable other than an Overdue Receivable, Receivable Ineligible for Funding or Charge-Off Receivable.

Current Receivable means any Receivable due within thirty days after the Closing Date, other than any Xxxxxx Receivable.