Qualified account receivable definition

Qualified account receivable means an account
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Qualified account receivable means an account receivable due and payable by the State that is outstanding for 90 days or more, is eligible to accrue prompt payment penalties under this Act and is verified by the relevant State agency. A qualified account receivable shall not include any account receivable related to medical assistance program (including Medicaid) payments or any other accounts receivable, the transfer or assignment of which is prohibited by, or otherwise prevented by, applicable law.
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Qualified account receivable means an Account Receivable of any Borrower that at all times until it is collected in full continuously meets the following requirements:
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Examples of Qualified account receivable in a sentence

  • The Borrower shall not knowingly submit or represent to the Bank any Account Receivable as a Qualified Account Receivable, which does not meet every requirement in every respect of a Qualified Account Receivable, and shall notify the Bank promptly upon learning of such disqualification, in writing, when any Account Receivable against which a loan or advance was, or may be, made pursuant to Subsection 2.1 ceases to meet any of those requirements.

  • In the event that Sellers shall receive any remittance on behalf of any account debtor with respect to any Qualified Account Receivable which has not been reassigned to Sellers, Sellers shall endorse such remittance to the order of Buyer and forward same to Buyer promptly upon receipt thereof along with any advice regarding the application of such payment.

  • Each Qualified Account Receivable included with the aggregate amount of Qualified Accounts Receivable set forth on each Borrowing Base Certificate now or hereafter furnished to Bank shall meet, as of the date stated thereon, all eligibility requirements specified in the Section 1.1 definition of Qualified Account Receivable.

  • In the event that Buyer or ATPG shall receive any remittance on behalf of any account debtor with respect to any Qualified Account Receivable after such Qualified Account Receivable has been reassigned to Sellers, Buyer or ATPG, as applicable, shall endorse such remittance to the order of Sellers and forward same to Sellers promptly upon receipt thereof.


More Definitions of Qualified account receivable

Qualified account receivable means, unless otherwise prohibited by law, an Account Receivable which (i) is eligible to accrue prompt payment penalties under the Prompt Payment Act, (ii) is not prohibited by, or otherwise prevented by, applicable law from being transferred or assigned pursuant to these Program Terms, (iii) is not an Account Receivable related to the Medical Assistance Program (including Medicaid) payments and (iv) has been verified by the State in accordance with Section II.2 below. Due to federal law prohibiting certain assignments
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Qualified account receivable means, unless otherwise prohibited by law, an Account Receivable which (i) is eligible to accrue prompt payment penalties under the Prompt Payment Act, (ii) is not prohibited by, or otherwise prevented by, applicable law from being transferred or assigned pursuant to these Program Terms, (iii) is not an Account Receivable related to the Medical Assistance Program (including Medicaid) payments and (iv) has been verified by the State in accordance with Section II.2 below. Due to federal law prohibiting certain assignmentsof rights to receive Medicaid payments, this Program shall not apply to the purchase of any accounts receivable related to Medical Assistance Program (including Medicaid) payments.
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Qualified account receivable means an Account Receivable of Borrower which, at all times until it is collected in full, continuously meets the following requirements:
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Qualified account receivable means any account receivable generated by the Buckeye Division which, at all times until it is collected in full, continuously meets the following requirements:
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Qualified account receivable. An account receivable which meets all ---------------------------- of the following requirements from the time it comes into existence until it is collected in full -
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Qualified account receivable means an account receivable due and payable by the State that is outstanding for 90 days or more, is eligible to accrue prompt payment penalties under this Act and is verified by the relevant State agency. A qualified account receivable shall not include any account receivable related to medical assistance program (including Medicaid) payments or any other accounts receivable, the transfer or assignment of which is prohibited by, or otherwise prevented by, applicable law. "Qualified purchaser" means any entity that, during any application period, is approved by the Department of Central Management Services to participate in the Program on the basis of certain
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Related to Qualified account receivable

  • Account Receivable means, with respect to any Person, any right of such person to payment for goods sold or leased or for services rendered, whether or not evidenced by an instrument or chattel paper and whether or not yet earned by performance.

  • Eligible Receivable means, at any time, a Receivable: