Account Debtors definition

Account Debtors mean all Persons who are obligated on the Receivables.

Account Debtors means the person or entity or persons or entities obligated to Borrower upon the Accounts.

Account Debtors means Debtor's customers and all other persons who are obligated or indebted to Debtor in any manner, whether directly or indirectly, primarily or secondarily, contingently or otherwise, with respect to Accounts or General Intangibles.

Examples of Account Debtors in a sentence

• Each Originator will instruct all Account Debtors in respect of Subject Receivables to deliver payments on the Pool Receivables to an Intermediate Account or a Borrower Controlled Account.

• The deposit accounts of the Buyer listed in Schedule V constitute, on the Purchase Agreement Effective Date, reflects all deposit accounts into which any Account Debtors in respect of any Pool Receivables are directed to make payments in respect of any such Pool Receivable.

• The Seller hereby agrees that upon the receipt of any cash into the Intermediate Accounts from Account Debtors whose Subject Receivables have been sold to the Buyer hereunder, the Seller shall, or shall cause the Servicer to, transfer all such amounts (for the avoidance of doubt, other than Excluded Amounts or proceeds from any Excluded Receivables) to a Borrower Account that is a Controlled Account, promptly and in any event within 2 Business Days after receipt thereof.

More Definitions of Account Debtors

Account Debtors means all persons who now are or hereafter become in any way obligated, liable, or responsible for any payment of any kind in connection with any or all of the Accounts.

Account Debtors means collectively, each Person who is or who may become obligated to any Borrower under, with respect to, or on account of an Account Receivable or other Collateral.

Account Debtors means any Person obligated to Borrower with respect to an Account Receivable.

Account Debtors has the meaning set forth in Section 5.2(a)(vi).

Account Debtors each has the same meaning respectively given that term in the UCC.

Account Debtors mean each Guarantor's customers, the insurance companies or other payors responsible for their customers' obligations and all other persons who are obligated or indebted to a Guarantor in any manner, whether directly or indirectly, primarily or secondarily, contingently or otherwise, with respect to Accounts.

Account Debtors shall have the meaning given to it in the Senior Credit Agreement.