Common use of Retained Receivables Clause in Contracts

Retained Receivables. RETAINED RECEIVABLES" means (i) all accounts receivable and other rights to payment for goods or services sold, leased or otherwise provided in the conduct of the Semiconductor Business that as of the Separation Date are payable by a third Person to C-Cube or any of C-Cube's Subsidiaries, whether past due, due or to become due, including any interest, sales or use taxes, finance charges, late or returned check charges and other obligations of the account debtor with respect thereto, and any proceeds of any of the foregoing and (ii) all other miscellaneous Assets for which an adjustment is made in the Semiconductor Pro Forma Balance Sheet.

Appears in 3 contracts

Sources: General Assignment and Assumption Agreement (Harmonic Inc), General Assignment and Assumption Agreement (C Cube Semiconductor Inc), General Assignment and Assumption Agreement (C Cube Semiconductor Inc)