Outstanding Checks definition

Outstanding Checks shall have the meaning set forth in Section 2.04(c)(ii).

Outstanding Checks means all obligations of the Sellers in the form of outstanding checks or other withdrawals against each Checking Account as of 12:01 a.m. the Closing Date.

Outstanding Checks shall have the meaning ascribed thereto in Section 7.8.

Examples of Outstanding Checks in a sentence

• Compare the Outstanding Checks Report for the current and previous month to ensure that all checks that have cleared the bank were marked as paid and removed from the list of outstanding checks.

• Each month you must “cancel” the checks that clear the bank in order to remove them from the Outstanding Checks report.

• Statement Ending Balance ADD (+) Deposits Shown in Checkbook Register But Not on Statement Subtotal MINUS (-) Total Outstanding Checks Total$Compare this total with the ending balance in your checkbook register.

• These reports include but are not limited to: • General Ledger Report (summarized on digit 2) • Bank Reconciliation Report • Outstanding Checks Report • Sequential List of Receipts • Monthly Bank Statement Financial Services will send a reminder to bookkeepers and principals if reports that are not received by the 10th of the month.

• AMOUNT$ .00.00.00Deduct: Outstanding Checks (Checks issued and dated prior to date of bank statement per Cash Disbursements Journal not havingyet cleared the bank).CHECK NO.

More Definitions of Outstanding Checks

Outstanding Checks shall have the meaning set forth in Section 1.01(d)(vi) hereof.

Outstanding Checks shall have the meaning ascribed to that term in SECTION 1.5.

Outstanding Checks means, as of 11:59 p.m. Eastern time on the Closing Date, any checks written (but not yet cleared the bank) by the Companies or any of their respective Subsidiaries.

Outstanding Checks shall have the meaning assigned to such term in Section 2.2(d) hereof.

Outstanding Checks means all checks, electronic payments or debits of any kind issued or authorized by the U.S. Sellers, Pipeline Seal U.K. or the Seller Foreign Subsidiaries prior to the Effective Time, but not yet debited from their respective bank accounts as of the Effective Time.

Outstanding Checks shall have the meaning set forth in Section 2.4 of this Agreement.

Outstanding Checks the amount of all checks written by the Company or its Subsidiaries but not cashed prior to Closing (including, without limitation, in respect of accounts payable and customer refunds).