Ineligible A/R definition
Ineligible A/R means any Accounts Receivable where amounts are not yet invoiced, accounts in dispute (but only to the amount of such account actually in dispute), intercompany accounts, accounts subject to set-off, amounts due to sub-contractors billed as accounts receivable, amounts billed for services not as yet completed, accounts subject to undue credit risk and the entire amount of accounts outstanding where any portion thereof is outstanding for more than 90 days (120 days for Investment Grade A/R) after the date of invoice to the specific customer, provided that the under 90 day (120) day for Investment Grade A/R) portion thereof may be included where the over 90 day (120 day Investment Grade A/R) portion thereof is less than 10 percent of the aggregate account.
Ineligible A/R means any Accounts Receivable where amounts are not yet invoiced, accounts in dispute (but only to the amount of such account actually in dispute), intercompany accounts, accounts subject to set-off, amounts due to sub-contractors billed as accounts receivable, amounts billed for services not as yet completed, accounts subject to undue credit risk and the entire amount of accounts outstanding where any portion thereof is outstanding for more than 90 days after the date of invoice to the specific customer, provided that the under 90 day portion thereof may be included where the over 90 day portion thereof is less than 10 percent of the aggregate account.
Examples of Ineligible A/R in a sentence
Line 5 Ineligible Accounts: The line automatically populates from the Ineligible AR Summary.
As soon as practicable after each Measurement Period, Buyer shall calculate the amount equal to 70% of the actual amounts collected on the Ineligible Accounts during such Measurement Period (the "Ineligible A/R Payment").
Ineligible A/R (a) A/R over 90 days $______________ (b) Foreign A/R $______________ 5.
Ineligible A/R -------------------------------------------------------------------------------- a.