Current Receivables definition

Current Receivables means (a) all obligations of the trade debtors of the Owner due or owing to the Owner on account of the prevailing debit balances of the present book debts of the Owner and (b) all rights relating to the aforesaid property specified in clause (a), including, INTER ALIA, negotiable instruments, legal and equitable charges, reservations of property rights, rights of action, collection, recovery or security, rights of tracing an unpaid vendor's liens and similar and associated rights (and each reference to a "Current Receivable" shall be construed as a reference to the whole or any part of any one or more of them).

Current Receivables means only those Accounts Receivable that are outstanding for 60 days or less.

Current Receivables means, as of 11:59 p.m. on the calendar day prior to the Test Date or the Closing Date, as applicable, all receivables due from customers for (A) each payday loan or advance (i) made in the ordinary course of business; (ii) that is then less than five (5) days past its initial contractual payment due date; (iii) for which the customer check or ACH authorization has not been presented or deposited by the applicable Seller or returned or otherwise denied by the bank; and (iv) has not been or should not be re-aged or written-off using the aging and write-off rules and related business policies and accounting practices of the applicable Seller; and (B) each installment loan (i) made in the ordinary course of business; (ii) that is then less than six (6) days past an unpaid contractual payment due date; (iii) for which the customer check or ACH authorization has not been presented or deposited by the applicable Seller or returned or otherwise denied by the bank; and (iv) has not been or should not be re-aged or written-off using the aging and write-off rules and related business policies and accounting practices of the applicable Seller. For purposes of clarity, Current Receivables excludes any voided or rescinded loans where the customer has repaid the loan. The calculation of Current Receivables shall be made using the SQL scripts required to produce the output for the period of June 2, 2011 through July 1, 2011, as set forth on Schedule 2.04, subject to normal and customary deviations due to changes in historical data.

Examples of Current Receivables in a sentence

• Current Receivables - OtherOther receivables include year-end revenue accruals not included in any other receivable category.

• The University requires that our Student Loan Billing Servicer (contractor) have the ability to provide a fully automated Electronic Refund Process for our Student Loans, Current Receivables, Delinquent Receivables, etc.

• All loans secured by mortgage are recorded under Current Receivables, as they have been advanced on the basis that they are recoverable in full within 30 days of service by the mortgagee of written demand.

• Note: Total Debt= Short-Term Debt + Current Portion of Long-Term Debt +Long-Term Debt; if the sum of Cash and Interest Bearing Securities divided by Trailing 12-Month Average Market Capitalization is greater than or equal to 33%; if Accounts Receivables divided by Total Assets is greater than or equal to 45%.Note: Accounts Receivables = Current Receivables + Long-Term Receivables.

• Receivables Current Receivables- (127)GST receivable17,050 15,695 17,050 15,568Note 16.

More Definitions of Current Receivables

Current Receivables means Receivables represented by

Current Receivables means all accounts receivable of Seller, which arose in the Ordinary Course of Business, which, as of the Closing Date, are less than 90 days old and are not required to be set forth on Schedule 5.25.

Current Receivables has the meaning set forth in the Transaction Accounting Principles.

Current Receivables. As used herein, the term "Current Receivables" shall mean each of the Receivables that are Current Assets.

Current Receivables means each of the Receivables that are Current Assets.

Current Receivables is defined in Section 4.5(b).

Current Receivables means the aggregate face amount of the Company’s Receivables (including all fees related thereto) on the balance sheet as of the Effective Time with respect to which the Company has not as of the Effective Time deposited or attempted to deposit the related check. Current Receivables do not include any amounts relating to uncollected checks, returned checks or loans for which the Company would have otherwise deposited the check as of the Effective Time in the Ordinary Course of Business of the Company or any NSF receivables.