Net AR definition

Net AR means the value of the Accounts Receivable on the books of the Seller as of the specified date less a reserve for bad debts (determined in accordance with GAAP as consistently applied in the preparation of the Financial Statements).
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Net AR means the aggregate amount of current accounts receivable (not aged more than 45 days) plus cash on hand, less the aggregate amount of all accounts payable and accrued expenses (including Seller’s Expenses), all in accordance with GAAP (for instance, insurance proceeds or deferred revenue shall not be considered AR); provided, however, that with respect to accounts receivable from each of Brightview, Lely CDD, Landcare, ETI and Lipmans, receivables not aged more than 60 days shall be considered current.
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Examples of Net AR in a sentence

  • The Seller's AR Estimate shall also indicate the Seller's calculation of the Receivables multiplied by the Net AR Percentage (the product of such multiplication, the "ESTIMATED NET RECEIVABLES").

  • If, for any such week, the actual weekly cash flow results for the line items identified as Ending Account Balance, GMAC Availability, Gross Total Collateral, Total Investment, Ending Balances - Net A/R Outstanding, Net Eligible A/R Outstanding, GMAC Drawdowns, Total Disbursements and Remaining Operating Cash, negatively deviate from the projections for such week set forth on Exhibit A by more than ten percent (10%), then such deviation shall constitute an Event of Default under the Loan Documents.

  • In making such calculation, the Neutral Accountant shall consider only those items or amounts in the Buyer's Net A/R Certificate as to which the Seller has disagreed in the Seller's Notice of Disagreement.

  • On the Closing Date, the Seller shall calculate and shall certify to the Purchaser (i) the Net Inventory Value as of the Closing Date (the “Closing Net Inventory Value”) and (ii) the Net AR as of the Closing Date (the “Closing Net AR”).

  • If during such fifteen (15) day period, the Buyer and the Seller are able to reach such agreement, then the Net A/R as agreed to will be final and binding on the Parties.

  • A/R Deductible" means an amount equal to 0.10 multiplied by Closing Date Net A/R.

  • The Estimated Net A/R and the Net A/R shall be determined in accordance with GAAP, applied on a consistent basis.

  • Following the Closing, all payments actually received or realized by Buyer (net of the costs of collection) in respect of the Acquired Accounts Receivable (the “Net A/R Proceeds”) shall be for the sole account of Buyer until such time as the total amount of Net A/R Proceeds actually received or realized by Buyer exceeds the Net A/R Proceeds Threshold Amount.

  • Buyer also shall pay at ------------------------------------ Closing an amount (the "Net A/R Amount") determined by deducting the aggregate amount of "Assumed Accounts Payable" related to the Assets at Closing from the aggregate amount of Accounts Receivable related to the Assets at Closing.

  • At the Closing, the Buyer shall pay to the Seller the amount of the Estimated Net A/R or receive a credit against the Purchase Price if, and to the extent, the Estimated Net A/R is negative.