Common use of Ineligible Accounts Clause in Contracts

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 9 contracts

Samples: Financing Agreement (Syscomm International Corp), Working Capital Financing and Term Loan Agreement (Radius Inc), Financing Agreement (Syscomm International Corp)

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Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:;

Appears in 3 contracts

Samples: Capital Financing Agreement (Litronic Inc), Financing Agreement (Litronic Inc), Financing Agreement (Litronic Inc)

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor obligor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts AccOunts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 2 contracts

Samples: Capital Financing Agreement (Ameriquest Technologies Inc), Capital Financing Agreement (Ameriquest Technologies Inc)

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor obligor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 2 contracts

Samples: Financing Agreement (Xlconnect Solutions Inc), Capital Financing Agreement (Ameriquest Technologies Inc)

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right in its Permitted Discretion to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 2 contracts

Samples: Financing Agreement (Datatec Systems Inc), Financing Agreement (Datatec Systems Inc)

Ineligible Accounts. IBM Credit and Customer Borrower agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor Debtor for purposes of determining the Borrowing Base; provided that IBM Credit shall exercise such discretion in good faith and, provided further, however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 1 contract

Samples: Financing Agreement (Pfsweb Inc)

Ineligible Accounts. IBM Credit and Customer agree each Loan Party agrees that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 1 contract

Samples: Financing Agreement (Multiple Zones Inc)

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor (the "Eligible Accounts") for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible not Eligible Accounts for purposes of determining the Borrowing Base:

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Andrea Electronics Corp)

Ineligible Accounts. IBM Credit and Customer Customers agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 1 contract

Samples: Financing Agreement (Savoir Technology Group Inc/De)

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Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; howeverDebtor. Without limiting IBM Credit’s discretion in that regard, without limiting such rightand unless otherwise designated in writing by IBM Credit in Exhibit A, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:Accounts (“Ineligible Accounts”):

Appears in 1 contract

Samples: Xybernaut Corp

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor (the "Eligible Accounts") for purposes of determining the Borrowing Basevalue of the Collateral; however, without limiting such right, the following Accounts will be deemed to be ineligible not Eligible Accounts for purposes of determining the Borrowing Basesuch value:

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Netobjects Inc)

Ineligible Accounts. IBM Credit and Customer each of the Credit Parties agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 1 contract

Samples: Revolving Credit Agreement (Pemstar Inc)

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; : however, without limiting such right, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:

Appears in 1 contract

Samples: Financing Agreement (Emtec Inc/Nj)

Ineligible Accounts. IBM Credit and Customer agree that IBM Credit shall have the sole right to determine eligibility of Accounts from an Account debtor for purposes of determining the Borrowing Base; howeverDebtor. Without limiting IBM Credit's discretion in that regard, without limiting such rightand unless otherwise designated in writing by IBM Credit in Exhibit A, the following Accounts will be deemed to be ineligible for purposes of determining the Borrowing Base:Accounts ("Ineligible Accounts"):

Appears in 1 contract

Samples: Agreement for Wholesale Financing (Pc Universe Inc)

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