Receivable Amount definition

Receivable Amount means as to any Receivable, the Receivable Amount due from the Account Debtor after deducting all discounts, credits, offsets, payments or other deductions of any nature whatsoever, whether or not claimed by the Account Debtor.

Receivable Amount means, as of any date of determination, the sum of all Series 2016-2 Xxxxx’x Eligible Manufacturer Receivables payable to any Group I Leasing Company or the Intermediary, in each case, as of such date by all Series 2016-2 Xxxxx’x Non-Investment Grade (Low) Manufacturers.

Receivable Amount means the aggregate of: (a) the Base Receivable Amount; and (b) in respect of all Selling Stockholders, the amount resulting from: (i) for each Selling Stockholder, the Olayan Daily Amount in respect of each relevant month multiplied by the number of days elapsed in that month during the period commencing on (and including) 1 January 2018 to (and including) the Olayan Closing Date; (ii) for each Selling Stockholder, the Company Receivable Daily Amount in respect of each relevant month multiplied by the number of days elapsed in that month during the period commencing on (and including) 1 January 2018 to (and including) the NESR Closing Date; and (iii) for each Selling Stockholder, the NESR Initial Cash Consideration Daily Amount in respect of each relevant month multiplied by the number of days elapsed in that month during the period commencing on (and including) 1 January 2018 to (and including) the NESR Closing Date.

Examples of Receivable Amount in a sentence

• Lender may at any time and from time to time contact Account Debtors and other persons obligated or knowledgeable in respect of Receivables to confirm the Receivable Amount of such Receivables, to determine whether Receivables constitute Eligible Receivables, and for any other purpose in connection with this Agreement.

• Subject to the terms and conditions of this Agreement, with respect to each Purchase, effective on each applicable Purchase Date, Seller agrees to sell to Buyer and Buyer agrees to buy from Seller all right, title, and interest (but none of the obligations with respect to) of the Seller to the payment of all sums owing or to be owing from the Account Debtors under each Purchased Receivable to the extent of the Purchased Receivable Amount for such Purchased Receivable.

• Upon acceptance by Lender of any Receivable described in a Funding Request, Lender shall make an Advance to Borrower in an amount up to the Advance Rate multiplied by the Receivable Amount of such Receivable.

• Upon acceptance by Lender of any Receivable described in a Funding Request, Lender shall make an Advance to Borrower in an amount equal to the Advance Rate multiplied by the Receivable Amount of such Receivable.

• In the event any Adjustment or dispute is asserted by any Account Debtor, Borrower shall promptly advise Lender and shall, subject to the Lender’s approval, resolve such disputes and advise Lender of any Adjustments; provided that in no case will the aggregate Adjustments made with respect to any Receivable exceed 2% of its original Receivable Amount unless Borrower has obtained the prior written consent of Lender.

More Definitions of Receivable Amount

Receivable Amount means the face amount of receivables, net of reserves, determined in accordance with United States generally accepted accounting principles applied on a basis consistent with the application of such principles in the preparation of the Financial Statements.

Receivable Amount means, with respect to a particular Relinquished Vehicle, the purchase price therefor payable by or on behalf of the applicable Manufacturer pursuant to the applicable Manufacturer Program.

Receivable Amount means as to any Receivable, the Receivable Amount due from the Account Debtor after deducting all discounts, credits, offsets, payments or other deductions of any nature whatsoever, whether or not claimed by the Account Debtor. "Receivables" means Borrowers rights to payment arising in the ordinary course of Borrowers business, including accounts, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, and bankers acceptances. "Scheduled Disputes" means the lawsuits, arbitration proceedings and other disputes described in Schedule 1 hereto. "Scheduled Disputes" means indebtedness of Borrower that is expressly subordinated to the indebtedness of Borrower owed to Lender pursuant to a subordination agreement satisfactory in form and substance to Lender. “Termination Fee” means a payment equal to 1.00% of the sum of the Credit Limit plus the Non-Formula Loan Amount.

Receivable Amount has the meaning set forth in Clause 6.3.1;

Receivable Amount means $13,103,314.50 and represents full settlement of 50% of the cash balance (i.e., 50% of $6,396,629) and 50% of the amount (i.e., 50% of $19,810,000) owed by Purchaser to Seller (and its Affiliates including the Acquired Companies) related to the Phonorecord distribution activities performed by Purchaser on behalf of Seller (and its Affiliates including the Acquired Companies) in the United States as of the Balance Sheet Date, which, if the Closing occurs, shall have been prior to the Closing Date.

Receivable Amount has the meaning specified in Section 9.11.

Receivable Amount has the meaning set forth in Section 2.02.