Acceptable Account means an Account, in any amount acceptable to WFBC, which conforms to the representations, warranties and terms set forth herein, net of any credits or allowances of any nature and is not an Unacceptable Account as defined below.
Acceptable Account means an Account, in an amount equal to the aggregate face amount of such Account, net of any credits or allowances of any nature, which (a) conforms to the representations, warranties and terms set forth herein and (b) is not an Unacceptable Account as defined below.
Acceptable Account means an Account of Client conforming to the representations, warranties, and requirements of Section 14, Acceptable Accounts.
Examples of Acceptable Account in a sentence
Each Account offered for sale, transfer and assignment to WFBC is an Acceptable Account.
An Acceptable Account must meet all of the following requirements and conditions unless waived in writing by Summit.
Each Account offered for sale to WFBC is an Acceptable Account as defined in Section 2.02 herein.
If (i) a Purchased Account is not paid in full by the Account Due Date, or (ii) if at any time Summit determines that the Purchased Account is no longer an Acceptable Account, the Purchased Account shall thereupon automatically be a Chargeback Account without any action by Summit.
If Client fails to respond to any request within Fifteen (15) days, Summit may deem the Account to no longer be an Acceptable Account.
More Definitions of Acceptable Account
Acceptable Account means an account offered by CLIENT to ACTION for transfer and assignment which account ACTION has reviewed and has, in its sole discretion, approved for purchase in whole or in part, and which account conforms to the warranties and terms set forth herein and in the Agreement for the Assignment of Invoices form accompanying each offer to transfer and assign.
Acceptable Account means any Foreign Account for which the obligor has long-term debt ratings, or is a Wholly-Owned Subsidiary of a Person having long-term debt ratings, of at least A- and A3 or short-term debt ratings of at least A2 and P2, in each case by S&P and Moodx'x, xxspectively.
Acceptable Account means an Account conforming to the warranties and terms set forth herein.
Acceptable Account means an Account Receivable which meets all of the following requirements: (a) such Receivable is owned by the Borrower and represents a complete bona fide transaction which requires no further act under any circumstances on the part of the Borrower to make such Receivable payable by the Account Debtor; (b) such Receivable is not past due more than sixty (60) days, or ninety (90) days in the case of a United States Government Receivable, from the date of the original invoice; (c) the goods, the sale of which gave rise to such Receivable, were shipped or delivered to the Account Debtor on an absolute sale basis and not on a bill xxx hold sale basis, a consignment sale basis, a guaranteed sale basis, a sale or return basis, or on the basis of any other similar understanding and no material part of such goods has been returned or rejected; (d) such Receivable is not evidenced by chattel paper or an "instrument" (as defined in Article IX of the Tennessee Uniform Commercial Code) of any kind; (e) the Account Debtor with respect to such Receivable is not Insolvent or the subject of any bankruptcy or insolvency proceedings of any kind or of any other proceeding or action, threatened or pending, which might have a materially adverse effect on such Account Debtor and is not deemed ineligible for credit for other reasons; (f) such Receivable is not owing by an Account Debtor having twenty-five percent (25%) or more in face value of its then-existing accounts owing to the Borrower past due more than sixty (60) days, or ninety (90) days in the case of a United States Government Receivable, from the date of the original invoice; (g) such Receivable is not owing by an Account Debtor whose then-existing accounts owing to the Borrower exceed in face amount twenty percent (20%) of the Borrower's total Acceptable Accounts; (h) if such Receivable arises from the performance of services, such services have been fully rendered; (i) such Receivable is a valid, legally enforceable obligation of the Account Debtor with respect thereto and is not subject to any present, and no facts are known which are the basis for any future, offset, deduction or counterclaim, dispute or other defense on the part of such Account Debtor, other than allowances to the Account Debtor in the ordinary course of the Borrower's business, which allowances shall reduce the face amount of the Receivable for the purposes of determining its eligibility; (j) except as provided in the last sentence of this Sec...
Acceptable Account means an Account created by Client in the ordinary course of its business, that arises out of Client’s sale of Goods or rendition of services, that complies with each of the representations and warranties respecting Acceptable Accounts made by Client in this Agreement, is deemed to be acceptable by WFB in its sole discretion, and that is not excluded as unacceptable by virtue of one or more of the excluding criteria set forth below. Without limiting the foregoing, Acceptable Accounts shall not include the following:
Acceptable Account means an Account conforming to the warranties and terms set forth herein and in Schedules of Accounts. “CUSTOMER” means Client’s customer; a Customer is also referred to as an “Account Debtor.”
Acceptable Account means an Account, in an amount not to be less than $100, which conforms to the warranties and terms set forth herein or at WFBCI's sole discretion, net of any credits or allowances of any nature, except the following shall not in any event be deemed Acceptable Accounts: