Receivables Excess definition

Receivables Excess means an amount equal to (a) fifty percent (50%), multiplied by (b) (i) the amount of Receivables (to the extent such Receivables are identified in an itemized list of Receivables included in Current Assets and accompanying the Estimated Net Working Capital Amount calculation delivered to Buyers pursuant to Section 3.3.1) collected by the Buyer after the Closing until the first anniversary of the Closing Date, minus (ii) the amount of Receivables included in the Closing Net Working Capital Amount.
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Receivables Excess means the positive net amount, if any, by which the actual Settling Supplier Receivables as determined by FERC in the FERC Receivables Determination is more than the amount identified in Item 4.1.1.1(b) of the Cover Sheet, plus the amount, if any, by which the actual interest on Settling Supplier Receivables as determined in the FERC Interest Determination is more than the amount identified in Item 4.1.1.1(c) of the Cover Sheet, as adjusted pursuant to Section 4.1.1.3;
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Receivables Excess means the amount, if any, by which the actual Reliant Receivables are more than $299,546,045 as determined by FERC in the FERC Receivables Determination.
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Examples of Receivables Excess in a sentence

  • Maintain on each day Receivables Excess Availability in an amount not less than $10,000,000 and Total Excess Availability in an amount not less than $15,000,000.

  • If the relevant understated or omitted P7S1 Receivable was interest-bearing, then, in addition, the Receivables Excess Amount shall be increased (or the Payables Excess Amount reduced) by the interest accrued on the relevant amount of the understatement or omission as from the Locked-box Date until (but excluding) the Closing Date and such difference amount shall be paid by the Purchaser or the Nominated Entity to P7S1.

  • If the Final WC Schedule shows the difference between the Final Receivables Excess is greater than the Estimated Receivable Excess, IBEX shall make payment of the difference to Seller within ten (10) days following Seller’s receipt of the Final WC Schedule.

  • The California Utilities shall be entitled to payment of any Refund Excess or Receivables Excess allocated to the Pre-January 18, 2001 Period.

  • If Seller does not deliver the Objection Notice within such 30-day period, Buyer’s determination of the Final WC Schedule and Final Receivables Excess shall be final, binding, and conclusive on Buyer, Seller, and IBEX.

  • The California Utilities shall be entitled to payment of any Refund Excess or Receivables Excess allocated to the Pre-October Period.

  • Interest is derived from Collections of Finance Charge Receivables, Excess Spread, Excess Finance Charge Collections, withdrawals from the Cash Collateral Account and Reallocated Principal Collections (and, during the Accumulation Period, from certain amounts withdrawn from the Principal Funding Account and the Reserve Account), in each case to the extent funds are available from such source in accordance with the Agreement.

  • The amount of Closing Reserve as reflected on the Closing Balance Sheet which exceeds the Closing Receivables ("Excess Receivables Reserve") as reflected on the Closing Balance -------------------------- Sheet as of the first anniversary of the Closing Date, shall be paid to the Seller in cash within thirty (30) days after the first anniversary of the Closing Date.

  • Notwithstanding the foregoing, all Related Receivables Excess Payments shall be applied to the Scheduled Installments of the Loans in inverse order of maturity.

  • The California Utilities, and not Settling Supplier, shall be entitled to payment of any Refund Excess or Receivables Excess allocated to the Pre-January 18, 2001 Period.


More Definitions of Receivables Excess

Receivables Excess has the meaning set forth in Section 6.6.1.
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Receivables Excess has the meaning set forth in Section 1.7(a). ------------------
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Receivables Excess means the positive net amount, if any, by which the actual Settling Supplier Receivables as determined by FERC in the FERC Receivables Determination are more than the amount identified in Item 4.1.1.1(b) of the Cover Sheet, plus the amount, if any, by which the actual interest on Settling Supplier Receivables as determined in the FERC Interest Determination are more than the amount identified in Item 4.1.1.1(c) of the Cover Sheet, as adjusted pursuant to Section 4.1.1.3; (iii) “Refund Shortfall” means the amount, if any, by which the funds deposited in the Settling Supplier Refund Escrow (PNM) for refunds and interest to Non-Settling Participants based on the Allocation Matrix are insufficient to satisfy all refund awards (other than those for which Settling Supplier remains responsible under Section 4.1.5) made to Non-Settling Participants for any particular period, e.g., the Pre-October Period, the Pre-January 18, 2001 Period, or the Post-January 17, 2001 Period, as determined by FERC in the FERC Refund Determination and the FERC Interest Determination; and (iv) “Refund Excess” means the amount, if any, by which the funds deposited in the Settling Supplier Refund Escrow (PNM) for refunds and interest to Non-Settling Participants based on the Allocation Matrix exceeds the amounts needed to satisfy all refund awards made to Non-Settling Participants for any particular period, e.g., the Pre-October Period, the Pre-January 18, 2001 Period, or the Post-January 17, 2001 Period, as determined by FERC in the FERC Refund Determination and the FERC Interest Determination. To the extent that a shortfall is created by the difference between (i) the actual amount of interest earned on the Cash Consideration during the period from the date such Cash Consideration was transferred by Settling Supplier to the Settling Supplier Refund Escrow and the Settlement Effective Date, and (ii) the amount of interest that would have been earned on the Cash Consideration during such period at the FERC Interest Rate, such shortfall shall be allocated to all Settling Participants pro rata (that is, in relation to the total refunds allocated to each Settling Participant in the Allocation Matrix). If, as a result of an order by a court of appeals that is no longer subject to appeal or a FERC order on remand of such court order, the FERC Receivables Determination and/or the FERC Refund Determination is/are changed in a way that increases or decreases the amount of the Receivables Shortfa...
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Receivables Excess means the positive net amount, if any, by which the actual Williams Receivables as determined by FERC in the FERC Receivables Determination is more than the amount specified in Section
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Related to Receivables Excess

  • Permitted Receivables Net Investment means the aggregate cash amount paid by the purchasers under any Permitted Receivables Financing in the form of a factoring program in connection with their purchase of accounts receivable and customary related assets or interests therein, as the same may be reduced from time to time by collections with respect to such accounts receivable and related assets or otherwise in accordance with the terms of such Permitted Receivables Financing (but excluding any such collections used to make payments of commissions, discounts, yield and other fees and charges incurred in connection with any Permitted Receivables Financing in the form of a factoring program which are payable to any Person other than the Borrower or a Restricted Subsidiary).

  • Receivables Net Investment means the aggregate cash amount paid by the lenders or purchasers under any Permitted Receivables Financing in connection with their purchase of, or the making of loans secured by, Receivables Assets or interests therein, as the same may be reduced from time to time by collections with respect to such Receivables Assets or otherwise in accordance with the terms of the Permitted Receivables Documents (but excluding any such collections used to make payments of items included in clause (c) of the definition of Interest Expense); provided, however, that if all or any part of such Receivables Net Investment shall have been reduced by application of any distribution and thereafter such distribution is rescinded or must otherwise be returned for any reason, such Receivables Net Investment shall be increased by the amount of such distribution, all as though such distribution had not been made.

  • Receivables Pool means, at any time, all of the then outstanding Receivables purchased by the Seller pursuant to the Sale Agreement prior to the Facility Termination Date.

  • Receivables Program means, with respect to any Person, any accounts receivable securitization program pursuant to which such Person pledges, sells or otherwise transfers or encumbers its accounts receivable, including a trust, limited liability company, special purpose entity or other similar entity.

  • Receivables Fee means distributions or payments made directly or by means of discounts with respect to any accounts receivable or participation interest issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any Receivables Facility.