Net Receivable Amount definition

Net Receivable Amount means, as of any Date of Measurement, the positive difference between: (a) the sum, without duplication, as of such date of (i) all accounts receivable and money orders receivable owned by a Credit Party that constitute Eligible Receivables, and (ii) the amount of all checks payable to a Credit Party and deposited into the CheckDirect system for which no more than five days have elapsed from the date on which any such check was initially deposited into the CheckDirect system; and (b) the sum, without duplication, as of such date of (i) all wires payable of a Credit Party that have not originated more than 7 days prior to such Date of Measurement, and (ii) all money orders payable of a Credit Party that have not originated more than 7 days prior to such Date of Measurement.
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Examples of Net Receivable Amount in a sentence

  • If the Parties are unable to agree within forty-five (45) days following such meeting on the computation of the Net Receivable Amount, then the computation of the Net Receivable Amount shall be determined by arbitration as set forth in Section 12.11 (provided, that if the Parties agree, they may appoint a single arbitrator for purposes of this Section 1.3).

  • In the event that any Party (i) fails to provide any computation of the Net Receivable Amount within five (5) business days of a written request therefor or (ii) having been furnished with the other Party’s computation, fails to provide a notice of dispute within the period set forth above, the Party failing to provide the computation or failing to provide such notice of dispute shall be deemed to have accepted and may not dispute the other Party’s computation for purposes of this Agreement.

  • In the event that both Parties provide a notice of dispute, the Parties’ respective representatives shall meet as promptly as practicable to attempt to agree on the computation of the Net Receivable Amount.

  • It is agreed and understood that, for purposes of determining the Unconsolidated Sold Companies Net Cash Amount, “Cash” and “Financial Indebtedness” will not include any portions of the CICC-Nafta/Sodufa Net Receivable Amount.

  • Based upon the calculation on the Net Payable Amount or the Net Receivable Amount as determined in the audited financial statements of the Company prepared by Coopers & Lybr▇▇▇ ▇▇▇ for the year ending December 31, 1997, the Net Payable Amount or the Net Receivable Amount, as applicable, shall be paid by the appropriate party as set forth above, without interest, within five (5) business days following receipt of such audited financial statements.

  • The Parties acknowledge that the portion of the CICC/Nafta Sodufa Net Receivable Amount allocated to the CICC/Sodufa Balance may not equal the amount of CICC/Sodufa Balance as of the Closing Date and that there will be no post-closing adjustment for any difference between the actual amount of the CICC/Sodufa Balance as of the Closing Date and the amount allocated to such CICC/Sodufa Balance.

  • The Shareholders agree to pay to Medical Manager the amount, if any, by which (iii) the amount "Due from Companion" exceeds (iv) the amount "Due to Companion" as of December 31, 1997 (determined in a manner consistent with the calculation of such amounts as set forth on the Current Balance Sheet (the "Net Receivable Amount").

  • At the Closing, the Parties agree that Abbott Dutch SCS will acquire the Transferred Intercompany Loans and the CICC/Sodufa Balance in consideration for the amount allocated to the CICC-Nafta/Sodufa Net Receivable Amount in Schedule 2.10.

  • Section 1.2 of the SAPA is hereby amended by: (i) adding the terms “CICC/Sodufa Balance — 5.5(a)”, “CICC-Nafta/Sodufa Net Receivable Amount — 2.8(a)(i)” and “CICC-Nafta/Sodufa Net Receivable Amount Transfer Documents — 2.8(a)(ii)” between the terms “Change of Control Payments” and “Closing” and (ii) adding the term “Unconsolidated Sold Companies Net Cash Amount” between the terms “Unconsolidated Sold Companies” and “Unaudited Financial Statements”.

Related to Net Receivable Amount

  • Net Receivables Balance means, at any time, the aggregate Outstanding Balance of all Eligible Receivables at such time reduced by the aggregate amount by which the Outstanding Balance of all Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor.

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Current Receivable means each Receivable that is not a Defaulted Receivable or a Liquidated Receivable.

  • Sale Amount means, with respect to any Sold Receivable, the amount received from the related third-party purchaser as payment for such Sold Receivable.

  • Subsequent Receivables means the Receivables transferred to the Issuer pursuant to Section 2.2, which shall be listed on Schedule A to the related Subsequent Transfer Agreement.