Long-Term AR definition

Long-Term AR means the long-term accounts receivable of the Business calculated in accordance with the Transaction Accounting Principles and the accounting principles, policies, procedures and methodologies, categorizations, asset recognition bases, definitions, practices and techniques (including in respect of the exercise of management judgment) used in the preparation of the “BP Long-term accounts receivable” account set forth on Financial Statements.
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Examples of Long-Term AR in a sentence

  • All Long-Term A/R set forth on Schedule 2.11 as of the date hereof and as of the Closing Date are collectible ------------- in the face value thereof net of the reserve for doubtful accounts reflected on the July Schedule within one hundred eighty (180) days of the scheduled payment due date, using normal collection procedures.

  • All Long-Term A/R set forth on Schedule 2.11 as of the date hereof and as of the Closing Date are collectible in the face value thereof net of the reserve for doubtful accounts reflected on the July Schedule within one hundred eighty (180) days of the scheduled payment due date, using normal collection procedures.

  • Buyer shall reasonably cooperate with Seller (at Seller’s sole cost and expense) to assist Seller in the collection of the Long-Term AR.