Common use of Qualified Accounts Clause in Contracts

Qualified Accounts. Upon delivery to the Agent of each Schedule of Accounts, the Agent shall make a determination, in its sole discretion, as to which Accounts listed thereon shall be deemed Qualified Accounts. An Account shall not be considered a Qualified Account unless the Agent determines, in its sole discretion, that such Account has met the following minimum requirements:

Appears in 4 contracts

Samples: Credit Agreement (Vulcan Asphalt Refining Corp), Credit Agreement (Independent Gasoline & Oil Co of Rochester), Credit Agreement (Lone Star Technologies Inc)

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Qualified Accounts. Upon delivery to the Agent of each Schedule of Accounts, the Agent shall make a determination, in its sole discretiondiscretion (which may include, without limitation, information received from any audit of the accounts and inventory made pursuant to Section 7.1.6), as to which Accounts listed thereon shall be deemed Qualified Accounts. An Account shall not be considered a Qualified Account unless the Agent determines, in its sole discretion, that such Account has met the following minimum requirements:

Appears in 1 contract

Samples: Credit Agreement (Champion Enterprises Inc)

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