Accounts and Notes Receivable definition

Accounts and Notes Receivable shall have the meaning ascribed to such term in the Indenture.
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Accounts and Notes Receivable means all trade accounts receivable, notes receivable, and other rights of Issuer to payment from customers and other third parties and other amounts due from customers and other third parties or that become due, including all assets constituting working capital, that relate to or arise from the operation of the Collateral or Business, other than those arising from the Rig #48 Drilling Equipment or the operation thereof while the Rig #48 Loan is outstanding
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Accounts and Notes Receivable means all accounts and notes of the Business owed to the Seller identified in Schedule 2.1 (H) attached hereto.
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Examples of Accounts and Notes Receivable in a sentence

  • Issuer covenants that it will keep the funds and accounts created hereunder separate from all other funds and accounts of Issuer, and that it will keep accurate records of all items of cost and of all expenditures relating to the Drilling Equipment, and of the collection and application of Accounts and Notes Receivable, in accordance with GAAP.

  • Upon request by Issuer, Trustee and the Collateral Agent shall execute and deliver to the lender for any Short-Term Loans such subordination agreement and other instruments as are reasonably required to evidence their agreement to subordinate their lien on the Accounts and Notes Receivable pursuant to Short-Term Loans.

  • All rights of Issuer in and to the Collateral (described more particularly herein as the Rigs, Contracts, Equipment, Rolling Stock, Additional Tangible Assets, Accounts and Notes Receivable, Insurance Benefits, Prepaid Deposits and Expenses, Claims and Warranties, Permits, Intangible Assets, Books and Records of Issuer, Other Assets, and Causes of Action (all as defined herein) now owned or hereafter acquired, subject only to Permitted Encumbrances.

  • Tangible Net Worth Adjustments SCHEDULE 2.7. Accounts and Notes Receivable SCHEDULE 2.8. Permits and Intangibles SCHEDULE 2.9. Environmental Matters SCHEDULE 2.10.

  • Accounts and Notes Receivable; Accounts Payable.........................................................22 2.22.

  • The Accounts and Notes Receivable of the Business as set forth in Schedule 2.1(H) are valid and enforceable obligations due to the Company.

  • Accounts and Notes Receivable.......................................

  • Accounts and Notes Receivable and Payable............................................37 4.22.

  • Accounts and Notes Receivable; Payables............................

  • Accounts and Notes Receivable; Payables...............................................10 4.16.


More Definitions of Accounts and Notes Receivable

Accounts and Notes Receivable. Other Assets: __________ TOTAL ASSETS $__________
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Related to Accounts and Notes Receivable

  • 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.

  • Eligible Accounts Receivable means or “Eligible Account” means the amount of an account existing as of the date hereof or arising in the ordinary course of the Borrower’s business owing to the Borrower (excluding sales or other taxes) from a party (the “Account Debtor”) which conforms with all warranties of the Borrower contained herein and which meets all the following requirements until it is collected in full: (a) the account is not more than 90 days from the date of the original invoice therefor; (b) the account arose from the Borrower’s completed performance of a sale of goods and/or related services, is not a “rebilling” of such account, all such goods having been lawfully shipped and invoiced to the Account Debtor, and upon the Bank’s request, copies of all invoices, together with all shipping documents and delivery receipts evidencing such shipment having been delivered to the Bank; (c) the account does not arise from a contract with the United States Government or from a consumer transaction; (d) except in the normal course of business, the account is not subject to any prior assignment, claim, lien, security interest, setoff, credit, contra account, allowance, adjustment, levy, return of goods, or discount; (e) the account did not arise from a transaction with a person, corporation or entity affiliated with the Borrower; (f) the account does not, when added to all other accounts of the Account Debtor with the Borrower, produce an aggregate indebtedness from the Account Debtor of more than 20% of the total of all the Borrower’s Eligible Accounts Receivable; (g) the Borrower has not received notice of bankruptcy or insolvency of the Account Debtor; (h) the account is not evidenced by any chattel paper, promissory note, payment instrument or written agreement; (j) the account does not arise from an Account Debtor whose mailing address or executive office is located outside the United States; (k) the account does not arise from an Account Debtor who has more than 50% of its accounts receivable with the Borrower due and owing for more than ninety (90) days from their due dates; (l) the Bank has not notified the Borrower that the account or the Account Debtor is unsatisfactory or unacceptable (although the Bank reserves the right to do so in its sole discretion at any time); and (m) the account is not part of a bonded transaction.

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Accounts Receivable has the meaning set forth in Section 2.01(a).

  • Account Receivable means, with respect to any Person, any and all rights of such Person to payment for goods sold and/or services rendered, including accounts, general intangibles and any and all such rights evidenced by chattel paper, instruments or documents, whether due or to become due and whether or not earned by performance, and whether now or hereafter acquired or arising in the future, and any proceeds arising therefrom or relating thereto.