Common use of ELIGIBLE ACCOUNT RECEIVABLE REQUIREMENTS Clause in Contracts

ELIGIBLE ACCOUNT RECEIVABLE REQUIREMENTS. (a) For Accounts Receivable which are due and payable in full within 30 days of the date of the invoice evidencing such Account Receivable, such Account Receivable must not be unpaid on the date that is 60 days after the due date. For Accounts Receivable which are due and payable in full within 60, 90 or 120 days of the date of the invoice evidencing such Account Receivable, such Account Receivable must not be unpaid on the date that is 30 days after the due date.