Approved Accounts definition

Approved Accounts means each Additional Account added to the Trust with respect to which the Rating Agency Condition has been satisfied.

Approved Accounts means any retirement account that the secretary has determined

Approved Accounts means any retirement account that the secretary has determined is not to be included as an asset in determining the eligibility of an individual for participation in the buy-in program. Approved accounts may include, but not be limited to, private retirement accounts such as individual retirement accounts; other individual accounts; and employer-sponsored retirement plans such as 401(k) plans, Keogh plans and employer pension plans.

Examples of Approved Accounts in a sentence

• Covered Persons will not be required to arrange for the delivery of duplicate copies of confirmations or periodic statements for any Approved Accounts, Managed Accounts, Mutual Fund Only Accounts or Dividend Reinvestment Plans in which they have or acquire a Beneficial Interest.

• On the date hereof, the Borrower shall deliver to Administrative Agent a schedule of all Lender Party Accounts and any Approved Accounts, in form and substance acceptable to Administrative Agent, which such schedule shall be revised immediately upon any change in Lender Party Accounts and Approved Accounts in a manner sufficient to notify Administrative Agent of all then-current Lender Party Accounts and Approved Accounts.

• The assertion of a Dispute by a Customer shall have the effect of negating any Credit Approval on the affected Approved Account(s) and such Approved Account(s) shall be deemed a Client Risk Account until paid or otherwise cleared from Factor’s books.

• Seconds and Close-Outs sold by the Licensee may be sold only to Approved Accounts and Approved Seconds and Close-Outs Accounts, including those customers identified on Schedule 6.14.

• Trustee shall be entitled to collect and retain, for the account of the affected Approved Account or Approved Accounts, any income on such Collateral and any net gains realized upon the sale, maturity, payment, retirement or other disposition of such investments or reinvestments.

More Definitions of Approved Accounts

Approved Accounts means all (i) the Merchant accounts listed above; (ii) other Merchant business accounts; (iii) Merchant’s authorized credit card processors; and (iv) upon the occurrence of a Material Breach, all other business accounts or credit card processing accounts of Merchant or any Other Business, Successor Company or Guarantor. You understand and agree that Purchaser shall have full read-only access to all Approved Accounts while this Agreement is in effect.

Approved Accounts shall have the respective meanings assigned thereto in paragraph 12(b) hereof.

Approved Accounts means any retirement account that the

Approved Accounts and continue to be "Approved Accounts" under the Existing Factoring Agreement. In addition, Accounts Receivable that are not purchased and credit approved and do not remain credit approved under the Factoring Agreements and that are not "Approved Accounts" and do not remain Approved Accounts under the Existing Factoring Agreement may, in the sole and absolute discretion of the Agent, be deemed to be eligible if: (i) (A) the Account Debtor with respect to such Account Receivable is on the list of Account Debtors for which the Factor charges a surcharge, which may include Account Debtors subject to a Bankruptcy Proceeding (as hereinafter defined), and (B) such Account Receivable is not credit approved under the Factoring Agreements solely because the Borrower is not paying the surcharge applicable to the Account Debtor with respect to such Account Receivable under the Factoring Agreements; (ii) delivery of the merchandise has been completed; (iii) no return, rejection or repossession has occurred; (iv) such merchandise has been accepted by the Account Debtor without dispute, setoff, defense or counterclaim; (v) such Account Receivable is owned by a Borrower free and clear of any Lien other than in favor of the Agent for the benefit of the Lenders, in favor of the Factor under the Factoring Agreements or in favor of Trust Company Bank under the Existing Factoring Agreement and otherwise continues to be in full conformity with any and all representations and warranties made by such Borrower to the Agent and the Lenders with respect thereto in the Loan Documents; (vi) such Account Receivable is unconditionally payable in U.S. dollars within 90 days from the invoice date and is not evidenced by a promissory note, chattel paper or any other instrument or document; (vii) no more than 60 days have elapsed from the invoice due date and no more than 120 days have elapsed from the invoice date; (viii) the Account Debtor with respect thereto is not an Affiliate of any Borrower or any Corporate Guarantor; (ix) such Account Receivable does not constitute an obligation of the United States or Canada or any other Governmental Authority other than a post exchange; (x) the Account Debtor (or the applicable office of the Account Debtor) with respect thereto is located in the continental United States, unless the Account Receivable is supported by a letter of credit or other similar obligation satisfactory to the Agent; (xi) the Account Debtor with respect thereto is not also ...

Approved Accounts has the meaning ascribed to it in Annex C.

Approved Accounts means a Factor Sub Account which is deemed acceptable to make Advances against by Lender in the exercise of its reasonable sole credit or business judgment and for which Factor has a payment obligation under the Factor Sub Factoring Agreement.

Approved Accounts means such Automatic Additional Accounts which, subject to satisfaction of the Rating Agency Condition, the Transferor shall have identified for exclusion from designation as Automatic Additional Accounts for purposes of determining at any time the Aggregate Addition Limit.