Account Debtor definition

Account Debtor means any Person who is obligated on an Account, chattel paper, or a general intangible.
Account Debtor means any Person who is or who may become obligated to any Grantor under, with respect to or on account of an Account.
Account Debtor is any “account debtor” as defined in the Code with such additions to such term as may hereafter be made.

Examples of Account Debtor in a sentence

  • After an Event of Default hereunder, no discount, credit or allowance shall be granted by Borrower to any Account Debtor and no return of merchandise shall be accepted by Borrower without MCI’s consent.

  • If Borrower instructs any Account Debtor or obligor on any Account or with respect to any other Collateral to make payments in any account other than the Lock Box or Lock Box Account, as applicable.

  • Eligible Accounts for which the applicable Account Debtor is an Investment Grade Account Debtor.


More Definitions of Account Debtor

Account Debtor means any Person obligated on an Account.
Account Debtor means each Person who is obligated on a Receivable or any Supporting Obligation related thereto.
Account Debtor means the Person who is obligated on or under an Account.
Account Debtor means each debtor, customer or obligor in any way obligated on or in connection with any Account Receivable.
Account Debtor means a person obligated on an account, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, even if the instrument constitutes part of chattel paper.
Account Debtor. Has the meaning given that term in the UCC.
Account Debtor means “account debtor”, as defined in Article 9 of the UCC, and any other obligor in respect of an Account.