Doubtful Accounts. In the event a reserve for doubtful accounts is established to fairly state the collection probability of receivables, a schedule is required which reconciles the reserve balance to the general ledger and provides tenant level detail and applicable comments. Write-off Request Form: The Write-off Request Form verifies action was recommended by the Property Manager and Owner’s asset manager (“Asset Manager”) to write-off accounts receivable amounts. A copy of the signed form should be submitted with the monthly accounting package when applicable. All write-off requests require Owner Board approval. Free Rent and Rental Abatements: A schedule of all free rent or rental abatement activity should be included in the monthly accounting package. The accounting treatment and economics for such activity should be clearly explained. Schedule of Deferred Rent Concessions: Property Manager will calculate and provide supporting schedules for applicable FASB 13 adjustments on a lease-by-lease basis. Such adjustments will be included in the general ledger activity in accordance with US GAAP. Property Managers operating in Owner Yardi environment may not be subject to this requirement. Please confirm with your controller.
Doubtful Accounts. Accounts due from major credit card or debit card processors (other than Visa, Mastercard, American Express, Diners Club and Discover) which the Agent, at the direction of the Required Lenders in their Permitted Discretion, determines to be unlikely to be collected;
Doubtful Accounts. In the event a reserve for doubtful accounts is established to fairly state the collection probability of receivables, a schedule is required which reconciles the reserve balance to the general ledger and provides tenant level detail and applicable comments.
Doubtful Accounts. Notwithstanding anything to the contrary in this Agreement, all Doubtful Accounts shall be assigned to Seller and/or one or more of the Spin-Off Entities and each party hereto shall take any actions reasonably necessary to cause the valid assignment of such Doubtful Accounts (including following the final determination of the Final Closing Date Net Working Capital to the extent Doubtful Accounts are included therein that were not assigned at Closing). Seller shall have the right to contact, at any time prior to or following the Closing, any customer of the Outdoor Group Entities in respect of which a Doubtful Account was established to instruct such customer to make payments to Seller such that Seller may collect upon such Doubtful Account. Notwithstanding the foregoing, to the extent that Buyer or any Outdoor Group Entity or any of their respective Affiliates receives, at any time following the Closing, any payment(s) from a customer of the Outdoor Group Entities with respect to a Doubtful Account, then Buyer shall (or shall cause the applicable Outdoor Group Entity or other Affiliate of Buyer to) within ten (10) Business Days of such payment, remit such payment to Seller by wire transfer of immediately available funds to an account designated by Seller.
