Acceptable Account definition

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

• An Acceptable Account must meet all of the following requirements and conditions unless waived in writing by Summit.

• Each Account offered for sale, transfer and assignment to WFBC is an Acceptable Account.

• 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 WFB declines, withholds or terminates the designation of an Account as an Acceptable Account and provides Client with any information regarding the Customer obligated on such Account, Client agrees to hold such information as confidential, and Client agrees not to disclose such information to the Customer or any other Person.

• If such Acceptable Inventory is not promptly and diligently sold and shipped, or the account created thereby does not meet all requirements of an Acceptable Account, or Summit declines for any reason to purchase the account created thereby, the advance based upon Acceptable Inventory may be treated as a Chargeback Account under the Financing Agreement.

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 an Account conforming to the warranties and terms set forth herein.

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, in an amount not to be less than $100, which conforms to the warranties and terms set forth herein or at WFBW's sole discretion, net of any credits or allowances of any nature, except the following shall not in any event be deemed Acceptable Accounts: (i) That portion of Accounts unpaid 90 days or more after the invoice date or, if WFBW in its discretion has determined that a particular dated Account may be acceptable, that portion of such Account which is unpaid more than 30 days past the stated due date or more than 90 days past the invoice date; (ii) That portion of Accounts that is disputed or subject to a claim of offset or a contra account; (iii) That portion of Accounts not yet earned by the final delivery of goods or rendition of services, as applicable, by the Customer to the Account Debtor; (iv) Accounts owed by any unit of government, whether foreign or domestic (provided, however, that there shall be included in Acceptable Accounts that portion of Accounts owed by such units of government for which the Customer has provided evidence satisfactory to WFBW that (A) WFBW has a first priority perfected security interest and (B) such Accounts may be enforced by WFBW directly against such unit of government under all applicable laws); (v) Accounts owed by an Account Debtor located outside the United States which are not (A) backed by a bank letter of credit naming WFBW as beneficiary or assigned to WFBW, in WFBW's possession and acceptable to WFBW in all respects, in its sole discretion, or (B) covered by a foreign receivables insurance policy acceptable to WFBW in its sole discretion; (vi) Accounts owed by an Account Debtor that is insolvent, the subject of bankruptcy proceedings or has gone out of business; (vii) Accounts owed by a shareholder, subsidiary, affiliate, officer or employee of the Customer; (viii) Accounts not subject to a duly perfected security interest in WFBW's favor or which are subject to any lien, security interest or claim in favor of any Person other than WFBW including without limitation any payment or performance bond; (ix) That portion of Accounts that has been restructured, extended, amended or modified; (x) That portion of Accounts that constitutes advertising, finance charges, service charges or sales or excise taxes; (xi) Accounts owed by an Account Debtor, regardless of whether otherwise acceptable, if 10% or more of the total amount due under Accounts from such Account Debtor is unacceptable under cla...

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 conforming to the warranties and terms set forth herein.

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: