Contra Accounts. Accounts to the extent a Borrower or any Subsidiary thereof is liable for goods sold or services rendered by the applicable Account Debtor to such Borrower or any Subsidiary thereof but only to the extent of the potential offset;
Contra Accounts. Accounts to the extent any Loan Party or any Subsidiary thereof is liable for goods sold or services rendered by the applicable Account Debtor to any Loan Party or any Subsidiary thereof but only to the extent of the potential offset;
Contra Accounts. Accounts designated by Agent to the extent the Borrower or any Domestic Subsidiary thereof that has operations in the United States is liable for goods sold or services rendered by the applicable Account Debtor to the Borrower or any Domestic Subsidiary thereof that has operations in the United States but only to the extent of the potential offset;
Contra Accounts. Accounts receivable from Affiliates or subsidiaries of the Borrower;
Contra Accounts. Credit/Debit Card Receivables due from major credit card or debit card processors which are disputed, or with respect to which a claim, counterclaim, offset or chargeback has been asserted, by the related credit card or debit card processor (but only to the extent of such dispute, counterclaim, offset or chargeback);
Contra Accounts. Accounts (i) owing from any Account Debtor that is also a supplier to or creditor of any Borrower or any Subsidiary, or (ii) representing any manufacturer’s or supplier’s allowances, credits, discounts, incentive plans or similar arrangements entitling any Credit Party to discounts on future purchase therefrom;
Contra Accounts. Accounts subject to set-off, defense, warranty claim, credit, allowance or adjustment by the Account Debtor except any normal discount allowed for prompt payment; PROVIDED THAT, if Accounts payable by Borrower to an Account Debtor shall be netted against Accounts due from such debtor and the difference (if positive) shall constitute Eligible Accounts from such debtor for purposes of determining the Borrowing Base;
Contra Accounts. Accounts to the extent the Borrower or any Subsidiary of Holdings is liable for goods sold or services rendered by, or other amounts owing to, the applicable Account Debtor to the Borrower or any Subsidiary of Holdings, but only to the extent of the potential offset; provided that, if the related Account Debtor with respect to any such Account has entered into a no-offset agreement that Agent has approved in writing in its sole discretion, such Account shall not be included as an Eligible Account pursuant to this clause solely to the extent such Account Debtor has any right of setoff after giving effect to such no off-set agreement;
Contra Accounts. Accounts to the extent the US Borrower or any Subsidiary thereof is liable for goods sold or services rendered by the applicable Account Debtor to the US Borrower or any Subsidiary thereof but only to the extent of the potential offset;
Contra Accounts. (a) If CPW evidences, to the Receivables Purchaser’s satisfaction (acting reasonably) that the set-off risk associated with a Contra Account no longer applies, the Reserve applied in relation to that Contra Account shall be released.
(b) If CPW evidences, to the Receivables Purchaser’s satisfaction (acting reasonably), that the value of a Reserve applied in accordance with clause 5.7(a) exceeds the maximum amount by which the Notified Value of the Approved Debt might reasonably be expected to be reduced by the Contra Account, the amount of the Reserve shall be reduced by such excess.
