Uncollected Receivables Amount definition

Uncollected Receivables Amount means the unbilled and uncollected receivables included in the calculation of the Revenue Adjustment, as set forth on Exhibit H.
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Uncollected Receivables Amount has the meaning set forth in Section 5.19.
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Uncollected Receivables Amount has the meaning set forth in Section ------------------------------ ------- 5.19(c). ------- "Undisclosed Claim of Environmental Liability" means any Claim of -------------------------------------------- Environmental Liability that was not specifically set forth in the Disclosure Schedule in response to Section 3.3. ----------- "valid title/survey objections" has the meaning set forth in Section 5.17. ----------------------------- ------------
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Examples of Uncollected Receivables Amount in a sentence

  • Upon receiving payment for the Uncollected Receivables Amount, Buyer shall assign such Closing Date Receivables to the Seller.

  • If collections by the Transferred Entities with respect to the Closing Date Receivables during the one hundred twenty (120) day period following the Closing Date are less than the amount of the Closing Date Receivables (such deficit being referred to as the “Uncollected Receivables Amount”), the Newpark Entities shall pay to Buyer an amount equal to the Uncollected Receivables Amount within ten (10) days of written demand by Buyer.

  • Buyer’s right to recover the Uncollected Receivables Amount shall not be subject to the provisions of Article VIII or any limitations of liability set forth therein.

  • Notwithstanding anything herein to the contrary, and in addition to any other adjustments set forth in this Agreement, the Purchase Price will be reduced dollar-for-dollar by the aggregate amount of the net notes and accounts receivable of the Company in existence as of the Closing (the "Accounts Receivable"), which are uncollected by the Company (the "Uncollected Receivables Amount") as of the 85th day following the Closing Date (the "Receivables Determination Date").

  • Within fifteen (15) days following the first anniversary of the Closing Date, Buyer and Seller shall determine the Uncollected Receivables Amount as of the first (1st) anniversary of the Closing Date (the “Receivables True-up Date”), and if, as of the Receivables True-up Date, an Uncollected Receivables Amount exists, the Uncollected Receivables Amount shall be paid to Buyer in accordance with the Escrow Agreement (and Buyer and the Seller Representative shall so direct the Escrow Agent).

  • Subject to the final sentence of this Section 5.19, upon receiving payment for the Uncollected Receivables Amount, Buyer shall cause the Transferred Entities to assign such uncollected Closing Date Receivables to the Newpark Entities.

  • Notwithstanding anything herein to the contrary, the Purchase Price will be reduced dollar-for-dollar by the aggregate amount of the accounts receivable of Seller in existence as of the Closing, all of which accounts receivable are listed on Schedule 2.3 - Accounts Receivable (the "Accounts Receivable"), which are uncollected by Purchaser (the "Uncollected Receivables Amount") as of the 90th day following the Closing Date (the "Receivables Determination Date").

  • Buyer’s right to recover the Uncollected Receivables Amount shall not be subject to the provisions of Article VIII or any limitations of liability set forth therein including, without limitation, any obligation to seek recovery from the R&W Insurance Policy.

  • If there is an Uncollected Receivables Amount, the Sellers shall pay the Uncollected Receivables Amount to the Purchaser, within two (2) business days after the Receivables Determination Date by wire transfer or delivery of other immediately available funds.

  • The "Uncollected Receivables Amount" shall equal the difference between the face value of all Accounts Receivable shown on the Closing Balance Sheet, minus the amounts collected by Buyer in respect of such Accounts Receivable on or before the date falling nine months after the Closing Date.


More Definitions of Uncollected Receivables Amount

Uncollected Receivables Amount means the amount of accounts receivable included as current assets in the Estimated Net Working Capital Certificate that have not been received by Buyer as of a specified date. For purposes of calculating the Uncollected Receivables Amount, Buyer shall be deemed to have received amounts which it elects to write off in connection with the extension of an existing contract or the signing of a new contract with the account debtor, an Affiliate of the account debtor, or their respective successors.
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Uncollected Receivables Amount shall equal the difference between the face value of all Accounts Receivable shown on the Closing Balance Sheet, minus the amounts collected by Buyer in respect of such Accounts Receivable on or before the date falling nine months after the Closing Date. In the event Buyer does not receive notice from Seller disputing the Adjustment Amount within the time period specified in Section 2.6, within twenty (20) days following such time period, Buyer shall transfer title to all unpaid Accounts Receivable shown on the Closing Balance Sheet to Seller and (x) if the Adjustment Amount is greater than zero, Buyer shall pay to Seller, by wire transfer or certified check, the Adjustment Amount, or (y) if the Adjustment Amount is less than zero, Seller shall pay Buyer, by wire transfer or certified check, the absolute value of the Adjustment Amount. An example of the calculation of the Adjustment Amount is set forth on SCHEDULE 2.4(B)(II).
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Related to Uncollected Receivables Amount

  • Liquidated Receivable means any Receivable liquidated by the Servicer through the sale or other disposition of the related Financed Equipment or that the Servicer has, after using all reasonable efforts to realize upon the Financed Equipment, determined to charge off without realizing upon the Financed Equipment.

  • Excluded Receivables means, as of any date of determination, all accounts receivable referred to in Item 1 of Schedule 7.01.

  • Excluded Receivable means all indebtedness and other obligations owed to Originator or in which Originator has a security interest or other interest (including, without limitation, any indebtedness, obligation or interest constituting an account, chattel paper, instrument or general intangible) arising in connection with the sale of merchandise or the rendering of services by Originator and further includes, without limitation, the obligation to pay any Finance Charges with respect thereto:

  • Net Receivables Pool Balance means, at any time: (a) the Outstanding Balance of Eligible Receivables then in the Receivables Pool minus (b) the Excess Concentration.

  • Net Receivables Balance means, at any time, the aggregate Outstanding Balance of all Receivables that are Eligible Receivables at such time reduced by (i) the aggregate amount by which the Outstanding Balance of all Receivables that are Eligible Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor and (ii) the aggregate Contractual Dilution Reserves for all Eligible Receivables of all Obligors.

  • Unbilled Receivable means, at any time, any Receivable as to which the invoice or xxxx with respect thereto has not yet been sent to the Obligor thereof.

  • Purchased Receivable means a Receivable purchased as of the close of business on the last day of a Collection Period by the Servicer pursuant to Sections 4.2, 4.4(c) or 4.7 or repurchased by the Seller or the Servicer pursuant to Section 3.2 or Section 10.1(a).

  • Purchased Receivables means all those accounts, receivables, chattel paper, instruments, contract rights, documents, general intangibles, letters of credit, drafts, bankers acceptances, and rights to payment, and all proceeds thereof (all of the foregoing being referred to as "receivables"), arising out of the invoices and other agreements identified on or delivered with any Invoice Transmittal delivered by Seller to Buyer which Buyer elects to purchase and for which Buyer makes an Advance.

  • Repurchased Receivable means a Receivable purchased by Santander Consumer pursuant to Section 3.4 of the Purchase Agreement or by the Servicer pursuant to Section 3.6 of the Sale and Servicing Agreement.

  • Settlement Receivable means any general intangible, payment intangible, or instrument representing or reflecting an obligation to make payments to or for the benefit of a Person in consideration for a Settlement made or arranged, or to be made or arranged, by such Person.

  • Receivables Repurchase Obligation means any obligation of a seller of receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Diluted Receivable means a Pool Receivable the entire or partial Unpaid Balance of which is reduced or cancelled due to Dilution.

  • Eligible Unbilled Receivable means, at any time, any Unbilled Receivable if (a) the related Originator has recognized the related revenue on its financial books and records under GAAP, and (b) not more than thirty (30) days have expired since the date such Unbilled Receivable arose.

  • Receivables Advance Rate shall have the meaning set forth in Section 2.1(a)(y)(i) hereof.

  • Receivables Fees means distributions or payments made directly or by means of discounts with respect to any accounts receivable or participation interest therein 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.

  • Delinquent Receivable means any Receivable that is not a Liquidated Receivable and which the related Obligor fails to make at least 90% of the related Scheduled Receivables Payment by the date on which it is due and remains unpaid for more than sixty (60) days from the original payment due date.

  • 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.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred, sold and/or pledged or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing (including, without limitation, lock-boxes, deposit accounts, records in respect of Receivables and collections in respect of Receivables).

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

  • Receivables Reserves mean such reserves as may be established from time to time by the Administrative Agent in the Administrative Agent’s Permitted Discretion with respect to the determination of the collectability in the ordinary course of Eligible Accounts Receivables, including, without limitation, reserves for dilution.

  • Transferred Receivable means a Purchased Receivable or a Contributed Receivable.

  • Sold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with the provisions of Section 4.3(c) hereof.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Permitted Receivables Transaction means each of (a) the sale or other transfer, or transfer of interest, by the Company or a Subsidiary of Receivables Assets to a Subsidiary (including, without limitation, Finsub) or the Company in exchange for consideration equal to the fair market value of the related Receivables, (b) the entry by the Company or one or more Subsidiaries into one or more Receivables Purchase Agreements, and (c) the entry by the Company and any such Subsidiaries into such ancillary agreements, guarantees, documents or instruments as are necessary or advisable in connection with Receivables Program Documents.