RECEIVABLES AND PAYABLES AGING Sample Clauses

The Receivables and Payables Aging clause establishes requirements for tracking and reporting the age of outstanding receivables and payables. Typically, it mandates that parties maintain records showing how long invoices have been unpaid, often categorized into time periods such as 30, 60, or 90 days past due. This clause helps both parties monitor financial obligations, manage cash flow, and identify potential collection or payment issues early, thereby reducing the risk of bad debts and ensuring timely settlements.
RECEIVABLES AND PAYABLES AGING. The Company will furnish to the Agent upon the request from time to time of the Agent, but in no event less often than monthly within thirty (30) days after the end of each calendar month, an aging report of receivables and payables, in form satisfactory to the Agent.
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RECEIVABLES AND PAYABLES AGING. Not later than N/A days after the end of each N/A , an aging of accounts receivable and an aging of accounts payable.
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Related to RECEIVABLES AND PAYABLES AGING

  • Receivables and Payables Lessee shall be entitled to retain all cash, bank accounts and house banks, and to collect all Gross Revenues and accounts receivable accrued through the termination date. Lessee shall be responsible for the payment of Rent, all Gross Operating Expenses and all other obligations of Lessee accrued under this Lease as of the termination date, and Lessor or Lessor’s nominee shall be responsible for all Gross Operating Expenses of the Hotel accruing after the termination date.

  • Receivables Purchase Price On the Closing Date, the Purchaser shall deliver to the Seller the Receivables Purchase Price, as provided in Section 2.1(b).

  • Accounts Receivable and Payable The accounts receivable reflected on the Financial Statements arose in the ordinary course of business and, except as reserved against on the Financial Statements, are collectible in the ordinary course of business and consistent with past practices, free of any claims, rights or defenses of any account debtor. No accounts payable of the Company are over forty-five (45) days old.

  • CALCULATION OF LOSS FOR SHORT SALE LOANS No Preceeding Loan Mod under Loss Share

  • Indebtedness for Borrowed Money Except for the Obligations and except as set forth in Schedule 4.1.13 attached hereto and made a part hereof, the Borrowers have no Indebtedness for Borrowed Money. The Lender has received photocopies of all promissory notes evidencing any Indebtedness for Borrowed Money set forth in Schedule 4.1.13, together with any and all subordination agreements, other agreements, documents, or instruments securing, evidencing, guarantying or otherwise executed and delivered in connection therewith.