Net Collectible Value definition

Net Collectible Value means, for each type of Eligible Account, the Net Collectible Percentage times the aggregate current outstanding amount for such type of Eligible Account.

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Net Collectible Value or “NCV” means the percentage by payor class, as determined by Lender from time to time to be applied against Eligible Accounts. The initial NCV for each payor class is shown on Schedule A.

Net Collectible Value or “NCV”: With respect to any Type of Eligible Receivables, the percentage determined by the Agent, in its reasonable credit judgment, by which the gross amount of such Eligible Receivables is multiplied to determine the net collectible value of such Receivables. Net Collectible Value is generally calculated in the manner described in Exhibit H. The initial Net Collectible Value for each Obligor Type shall be as set forth on Exhibit H. The Agent may adjust Net Collectible Value for any Type of Receivables as provided in Section 2.15.

Examples of Net Collectible Value in a sentence

Senior Lender shall also be entitled to adjust the Advance rates or Net Collectible Value in the event of a change in the financial condition of Borrower or its Obligors, if an Event of Default occurs and is continuing, or if Borrower is not in compliance with the reporting and other compliance requirements of the Agreement, as determined by Senior Lender.
Borrower represents and warrants that at the time of its assignment of each Account to Lender, Borrower has no knowledge of any fact which should lead it to expect that the Net Collectible Value of such Eligible Account would not be paid in full.
Each Borrower represents and warrants that it has no knowledge of any fact which should lead it to expect that the Net Collectible Value of such Eligible Account would not be paid in full.

More Definitions of Net Collectible Value

Net Collectible Value means the amount that Lender reasonably expects from time to time to be collected with respect to Eligible Receivables from third-party payors within 150 days of the Date of Service taking into account historical and recent collection rates for each payor class (e.g., Medicare, Medicaid, commercial, etc.), entitled reimbursement pursuant to any contract or arrangement between a Borrower and the applicable Account Debtor(s), offsets, historical returns, rebates, discounts, credits and allowances, and other factors that affect the collectability of Eligible Receivables.

Net Collectible Value means the amount that Lender reasonably expects from time to time to be collected with respect to Eligible Receivables from Account Debtors within one hundred twenty (120) days of the applicable Billing Date, taking into account the collection rates, offsets, historical returns, rebates, discounts, credits and allowances, and other factors that affect the collectability of Eligible Receivables, for the most recently ended calendar quarter.

Net Collectible Value means, for each type of Eligible Account, the Net Collectible Percentage times the aggregate current outstanding amount of all Eligible Accounts that are such type of Eligible Account.

Net Collectible Value means the amount Borrower bills third party payors less deductible obligations and contractual allowances.

Net Collectible Value means the value of a given Account as determined in accordance with GAAP.

Net Collectible Value means the amount Borrower, a Secured Credit Party, a Managed Practice or other Person bills third party payors, less co-payment, deductible obligations, contractual allowances and other adjustments established by Borrower and acceptable to Agent.

Net Collectible Value for an Account, shall be its face amount, net of any rebates, discounts (calculated on the shortest terms), credits or contractual allowances that would have been given or could generally be claimed by or on behalf of the Account Debtor.