Eligible Non-Commitment Contracts Clause Samples

Eligible Non-Commitment Contracts. The Eligible Non-Commitment Contracts are bona fide existing Contracts generated in the ordinary course of the Company’s business that represent bona fide payment obligations of the related Customers. As to the Contracts that are identified by the Company as Eligible Non-Commitment Contracts in a Borrowing Base Certificate submitted to the Administrative Agent, such Contracts are Eligible Non-Commitment Contracts and are otherwise not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Non-Commitment Contracts.