Pre-Closing Receivables definition

Pre-Closing Receivables means any accounts receivable, notes receivable or other obligations arising from or in connection with the ownership, operation and activities of the Hotel up to the Closing Time and attributable to such period of time, including, without limitation, charges for lodging, meals, beverages, conference facilities, recreational activities, leases and facilities and all other matters connected with the Hotel or Property.

Pre-Closing Receivables means an amount in respect of any accounts, notes or other receivables arising from the conduct of the Business or the Retained Business that SLI or any of its Affiliates had invoiced to a third party prior to the Effective Time and which remain outstanding as of such time.

Pre-Closing Receivables shall have the meaning set forth in Section 6.4(a).

Examples of Pre-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.

• Following the Closing, Seller shall have the right to collect all Pre-Closing Receivables.

• Any Pre-Closing Receivables which are not collected by Seller during such Wind-Up Period shall be collected by Seller upon the expiration of the Wind-Up Period and Buyer shall execute any documents necessary to assist Seller in such collection.

• 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.

• During the Wind-Up Period, Buyer shall cooperate with Seller so that Seller can collect its Pre-Closing Receivables.

More Definitions of Pre-Closing Receivables

Pre-Closing Receivables means any third party receivables with respect to the Business that relate to Business Products shipped before the Effective Time.

Pre-Closing Receivables means all outstanding payments due to the Seller or any of its Affiliates as at Closing related to the period prior to Closing for goods or services supplied or rights licensed by it or on its behalf in the ordinary and usual course of carrying on the Business other than any Permitted Cash Receivable;

Pre-Closing Receivables has the meaning set forth in Section 1.2(i).

Pre-Closing Receivables shall have the meaning set forth in Section 2.3(c).

Pre-Closing Receivables means all outstanding payments due to the Seller or any of its Affiliates related to the period prior to the Effective Time (whether such payments have arisen or arise before or after the Effective Time) for goods or services supplied or rights licensed by it or on its behalf in the ordinary and usual course of carrying on the Business other than the Permitted Cash Receivable;

Pre-Closing Receivables means Accounts that relate to services rendered or goods provided prior to or on the Closing Date, including Seller’s Transition Receivables and PIP received and/or due in respect of service dates prior to or on the Closing Date.” 13

Pre-Closing Receivables. As defined in Section 2.4(b) hereof.