Account Debtor means any Person obligated on an Account.
Account Debtor is any “account debtor” as defined in the Code with such additions to such term as may hereafter be made.
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.
Examples of Account Debtor in a sentence
Deposit into a Deposit Account that is subject to a perfected Agent’s Lien all amounts advanced by Borrower into escrow and all amounts delivered to Borrower to be held in escrow, including, without limitation, construction funds, insurance premiums and proceeds, taxes, and other funds delivered to Borrower to be held on behalf of any Account Debtor.
Such standard forms and documents are commensurate with forms and documentation used by prudent lenders in the same or similar circumstances as Borrower, and, without limiting the foregoing, are sufficient to create valid, binding and enforceable obligations of each Account Debtor named therein.
More Definitions of Account Debtor
Account Debtor means a Person who is obligated on or under any Account, Chattel Paper, Instrument or 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 means each Person who is obligated on a Receivable or any Supporting Obligation related thereto.
Account Debtor means any Person who is or who may become obligated to Borrower under, with respect to, or on account of an Account, general intangible or other Collateral.
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.