Post-Closing Receivables definition

Post-Closing Receivables means any third party receivables with respect to the Business that relate to Business Products shipped after the Effective Time.
Sample 1Sample 2
Post-Closing Receivables means all Subscriber Business Receivables other than Pre-Closing Receivables.
Sample 1
Post-Closing Receivables means, in relation to each relevant Business, the aggregate of all amounts receivable, accrued or prepaid by or owed to the relevant Business Purchaser in relation to such Business in respect of trading debtors as of any time after Closing;
Sample 1

Examples of Post-Closing Receivables in a sentence

  • After the Closing, Seller and its agents and employees shall have the right to examine and photocopy Buyer's records with respect to collection of Pre-Closing Receivables and with respect to guests or other persons obligated on both Pre-Closing Receivables and Post-Closing Receivables, all at reasonable times and upon reasonable notice.

  • Except in the event of a bona fide dispute between Seller and a customer which dispute has been documented in a writing, or tenants who are in arrears for more than one (1) month, any collections received from parties obligated on both Pre-Closing Receivables and Post-Closing Receivables shall be applied first to the longest outstanding unpaid invoices of the payor.

  • Any collections received by Buyer with respect to Pre-Closing Receivables shall be paid over to Seller within five (5) days of receipt without offset or deduction unless the payor of such monies is obligated on both Pre-Closing Receivables and Post-Closing Receivables and the payor has independently and specifically identified such payment as one which should be applied to Post-Closing Receivables.

  • If at any time during the term of this Agreement, the proceeds from the Post-Closing Receivables are insufficient to satisfy Seller Parties’ payment or reimbursement obligations in this Agreement, Buyer shall advance the Practice an amount equal to such deficit (each, an “Advance”).

  • Within five (5) business days after the Closing Date, Seller shall provide Purchaser with a proposed list (the "Proposal") of Post-Closing Receivables and the percentage of each such Post- Closing Receivable relating to the period prior to 5:00 p.m. (Dallas time) on the Closing Date ("Seller's Portion").

  • If, at the end of the Adjustment Period, the Assumed Payables paid by Purchaser during the Adjustment Period exceed the Pre- Closing Receivables and Seller's Portion of the Post-Closing Receivables collected by Purchaser during the Adjustment Period, Purchaser shall deduct such excess from the principal amount of the Subordinated Convertible Promissory Notes payable to Seller.

  • All Accounts of the Company, other than the Pre- Closing Receivables and Seller's Portion of the Post-Closing Receivables, shall be collected after Closing by Purchaser for its own account and Seller shall have no claim or interest therein.

  • Buyer agrees, with respect to any Post-Closing Receivables, to remit all amounts collected on Seller's behalf, no less often than the fifteenth business day after the close of each month during the Collection Period (as hereinafter defined).

  • The UCC-1 Financing Statements, substantially in the form of Exhibit I, with respect to (i) the first priority lien of Parent on the Account Receivables and (ii) the second priority lien of Parent on the other Property, expressly including the Post-Closing Receivables, but expressly excluding the Unencumbered Receivables, shall have been filed in the appropriate jurisdictions.

  • Purchaser shall pay to the Company Sellers' Portion of the Post-Closing Receivables collected by Purchaser, minus Sellers' Portion of the product and labor costs associated therewith, promptly after Purchaser's receipt of same.


More Definitions of Post-Closing Receivables

Post-Closing Receivables. As defined in Section 2.4(d) hereof.
Sample 1
Post-Closing Receivables has the meaning set forth in SECTION 6.7(a).
Sample 1
Post-Closing Receivables. As defined in Section 2.5(b) hereof. ------------------------
Sample 1
Post-Closing Receivables means any receivable relating to the Operations originating from the period on or after the Closing Date, which will be due on or after the Closing Date.
Sample 1
Post-Closing Receivables is defined in Section 7.17(a)(i).
Sample 1

Related to Post-Closing Receivables

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Eligible Accounts Receivable means, as of any date of determination, and without duplication, the aggregate book value of all accounts receivable, receivables, and obligations for payment created or arising from the sale or shipment (if such shipment is pursuant to a purchase order to Varsity Spirit Corporation or All American Sports Corporation) of inventory or the rendering of services in the ordinary course of business (collectively, the "Receivables"), owned by or owing to the Credit Parties and in which the Lenders have a first priority perfected security interest, net of any service charges included in such aggregate value and sales adjustments consistent with a Credit Party's internal policies and in any event in accordance with GAAP, but excluding in any event (i) Receivables subject to any Lien, other than any Lien described in clauses (a) through (d) of the definition of Permitted Liens, (ii) Receivables which are (A) if owing to a Credit Party other than Varsity Spirit Corporation, more than 90 days past due and (B) if owing to Varsity Spirit Corporation, more than 120 days past due; it being understood that, for purposes of this clause (ii), any Receivables owing from schools which are stated to have a due date between April 1 and October 1 of any year shall be deemed to have a due date of October 1 of such year, and Receivables supported by a valid, existing and enforceable irrevocable letter of credit or performance bond acceptable to the Agents shall not be deemed to have a due date, (iii) Receivables evidenced by notes, chattel paper or other instruments, unless such notes, chattel paper or instruments have been delivered to and are in the possession of the Collateral Agent, (iv) Receivables owing by an account debtor which is subject to any bankruptcy or insolvency proceeding of any kind, (v) Receivables owing by an account debtor located outside of the United States or Canada (unless (A) payment for the goods shipped is secured by an irrevocable letter of credit or (B) export insurance is obtained, in each case in a form and from an institution acceptable to the Agents), (vi) Receivables which are contingent or subject to offset, deduction, counterclaim, dispute or other defense to payment, in each case to the extent of such offset, deduction, counterclaim, dispute or other defense, (vii) Receivables for which any direct or indirect Subsidiary of the Borrower or any Affiliate of the Borrower is the account debtor, (viii) Receivables representing a sale to the government of the United States of America or any subdivision thereof, but not including any state, county or municipal government as long as there are no restrictions as to the assignability or collection as to such Receivables, (ix) Receivables owing from any National Football League team subject to the Promotional Rights Agreement dated June 1, 1990 between Xxxxxxx, Inc. and NFL Properties, Inc. or any replacement or substitution agreement thereof or any similar agreement entered into by the Borrower or any of its Subsidiaries, (x) all Receivables from an account debtor who has more than 50% of its Receivables owing to the Credit Parties that are more than 90 days past due and (xi) Receivables which fail to meet such other specifications and requirements as may from time to time be established by the Agents in their reasonable discretion.