Approved Account Debtors definition

Approved Account Debtors means Alabama Farmers Coop, Inc., CF Industries, Inc., Phosphate Chemicals Export Assoc., Tennessee Farmers Coop, Xxxxx Xxxxxxx, Inc., Xxxxxxx, Inc., Potash Corporation of Saskatchewan, Inc., IMC Agrico, Inc., ConAgra Fertilizer, Xxxxxxx Xxxxx, BASF, Air Products, Xxxxxxx Fertilizer and Agriliance, LLC.

Approved Account Debtors means the entities commonly known as “Best Buy,” “Game Stop,” “Xxxxxx.xxx,” “Target” and “Wal-Mart.”

Approved Account Debtors means Ford Motor Company, General Motors Corporation, Chrysler Corporation, Freightliner Corporation, Caterpillar Corporation, Cummins Corporation, Western Star Corporation, Navistar Corporation, or Thermo King Corporation, or any subsidiary thereof, or any other Person approved in writing by Bank in its sole discretion.

Examples of Approved Account Debtors in a sentence

• The Borrowers shall deliver to the Administrative Agent on the 25th day of each calendar month, a Borrowing Base Certificate prepared as of the last day of the preceding month, accompanied by a calculation of the percentage of Eligible Accounts represented as of such last day by the Accounts of the Borrowers' 10 largest clients and a list of Approved Account Debtors as of such last day.

• Approved Account Debtors as of the date of this Agreement are listed on Annex B.

• Each Obligor shall also provide to Agent on or before the 25th day of each month, a summary aging of all Accounts existing and lists specifying the names, outstanding face amounts of Accounts of the 10 Account Debtors owing the largest amounts of Accounts and of the 10 largest Approved Account Debtors, all as of the last day of such preceding month (collectively, the “Schedule of Accounts”).

• Approved Account Debtor: each Account Debtor that is organized or has its principal office outside the United States and Canada and that is listed on Schedule 1.4, provided that, unless the Agent otherwise agrees, the maximum amount of Eligible Accounts, attributed to (i) a single Approved Account Debtor shall not exceed $100,000 in the aggregate at any time and (ii) all Approved Account Debtors, collectively, shall not exceed $250,000 in the aggregate at any time.

• Each Obligor shall also provide to Agent on or before the 25th day of each month, a summary aging of all Accounts existing and lists specifying the names, outstanding face amounts of Accounts of the 10 Account Debtors owing the largest amounts of Accounts and of the 10 largest Approved Account Debtors, all as of the last day of such preceding month (collectively, the "Schedule of Accounts").

More Definitions of Approved Account Debtors

Approved Account Debtors shall have the meaning set forth in Section 3.2.1 hereof.

Approved Account Debtors means each distributor, licensee, wholesaler or retail store chain of any Borrower which (a) is located in an Approved Country, (b) is (i) a major motion picture studio, (ii) a major television network, (iii) a major pay cable channel or major cable network, (iv) a syndication company, (v) a home video, audio or software distributor or licensee, (vi) a subdistributor or sublicensee of distribution rights in a Foreign Approved Country or (vii) Domestic video wholesaler or retail store chain and (c) is approved by the Bank in writing from time to time in its sole and absolute discretion; provided, however, that the Bank may at any time reevaluate the creditworthiness of any Approved Account Debtors. In the event the Bank, in its sole and absolute discretion, determines that an Approved Account Debtor should no longer be an "Approved Account Debtor," the Bank shall give written notice of such fact to the Borrowers, and upon delivery of such notice to the Borrowers, such Person shall no longer be an "Approved Account Debtor" (and no otherwise Qualifying Accounts Receivable or Qualifying Contracts Receivable of such Person (including, without limitation, any receivables of such Person then included in the Borrowing Base) shall be included in the Borrowing Base) unless and until the Bank, in its sole and absolute discretion, re-approves, if ever, such Person as an "Approved Account Debtor." Until such time as the $350,000 due BMG by Miramar as of April 16, 1997 has been satisfied in full and the Borrowers provide written evidence of such fact in form and substance satisfactory to the Bank, BMG shall not be an Approved Account Debtor.

Approved Account Debtors. The meaning set forth in the recitals hereto.

Approved Account Debtors means Alabama Farmers Coop, Inc., CF Industries, Inc., Phosphate Chemicals Export Assoc., Tennessee Farmers Coop, Jxxxx Xxxxxxx, Inc., Cxxxxxx, Inc., Potash Corporation of Saskatchewan, Inc., IMC Agrico, Inc., ConAgra Fertilizer, Rxxxxxx Xxxxx, BASF, Air Products, Dxxxxxx Fertilizer, Agriliance, LLC, Dyno Nobel, Inc, Bxxxx Xxxxxx, Inc., United Agri Products, Inc., Missouri Farmers Cooperative, Mosaic, Nxxxxx Xxxxxxxx, Yara International, Orica Limited and El Dorado Chemical Company.

Approved Account Debtors means Sears Tool & Health, Xxxxx Corporation, The lioneybaked Hani Corporation, Quantum Corporation and any other Account Debtor of Borrower hereafter approved and designated by Bank in writing as an Approved Account Debtor for purposes hereof.

Approved Account Debtors means those Persons listed on Annex I attached hereto (which such Annex has been approved by Bank on or prior to the Effective Date), together with any major international advertising agencies which have been approved by Bank, in advance, in writing, in its sole, but good faith business judgment.

Approved Account Debtors means (a) Alcatel-Lucent, Flextronics International Ltd., Motorola, Inc., NEC Corporation, Nokia Corporation, Nortel Networks Limited, Siemens AG, SRI Radio-Systems GmbH, Telefonaktiebolaget LM Ericsson, and (b) any wholly-owned Subsidiary of any of the foregoing Approved Account Debtors and (c) to the extent applicable Laws in a jurisdiction do not permit foreign Persons to wholly own Subsidiaries in such jurisdiction, any Subsidiary of any of the Approved Account Debtors identified in the foregoing clause (a) for which at least ninety-five (95%) of the voting and ownership interests of such Subsidiary are owned, directly or indirectly, by one of such Approved Account Debtors.