Receivable Writeback Amount definition
Receivable Writeback Amount has the meaning specified in Section 6.10.
Examples of Receivable Writeback Amount in a sentence
If Purchaser shall fail to collect such amount of the Accounts Receivables by the Receivable Writeback Date, then Seller shall acquire the uncollected Accounts Receivable from Purchaser in an amount equal to such excess (the "Receivable Writeback Amount") in consideration of the Escrow Agent delivering to the Purchaser in accordance with the terms of the Escrow Agreement cash equal to the Receivable Writeback Amount.
Proceeds from any Accounts Receivable written off by Seller in the ordinary course of business consistent with CAP prior to the Closing Balance Sheet Date which are collected after the Closing Balance Sheet Date shall reduce any Receivable Writeback Amount.