Net debtor days definition
Net debtor days means net receivables divided by revenue reported in the period multiplied by number of days in the period. “Net debt” means gross debt less cash and cash equivalents (excluding restricted cash).
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Related to Net debtor days
Deficiency Claim means any portion of a Claim (a) to the extent the value of the holder’s interest in Assets securing such Claim is less than the amount of such Claim or (b) to the extent the amount of a Claim is subject to setoff is less than the amount of the Claim, each as determined by § 506(a) of the Bankruptcy Code.
Deficiency Claim Date means, with respect to any Distribution Date, the fourth Business Day immediately preceding such Distribution Date.
Priority Claim means a Claim that is entitled to priority in payment pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative Claim or a Priority Tax Claim.
Deficiency Claim Amount has the meaning set forth in Section 5.5(a).
Unsecured Claim means any Claim that is not a Secured Claim.