Examples of Settlement Receivable in a sentence
Tobacco Settlement Receivable Tobacco Settlement Receivable is calculated based on the subsequent year’s estimated amount of the schedule of pre-adjusted base payments and payments from the Strategic Contribution Fund (as reported in the October 2007 Offering Circular for the bonds) for the Authority (See Note 6).
In two instances, significant accounts receivable and associated revenue were not properly recorded in the financial records and were not properly reported on the financial statements: • Outer Continental Shelf (OCS) Settlement Receivable – Assets were understated by $30.2 million, revenues were overstated by $6.1 million, and beginning fund balance was understated by $36.3 million.
The Seller has a valid business reason for the sale of the Settlement Receivable.
The amount paid under any such indemnity shall be deemed to be a reduction in the Settlement Receivable amount outstanding hereunder.
The obligation of the Seller to repurchase and accept resale of such Settlement Receivable Assets shall constitute the sole remedy respecting any breach of the representations and warranties set forth in Sections 4.1 and 4.2 with respect to the Settlement Receivable Assets.