Approved Debtor definition

Approved Debtor means each Person listed as an Approved Debtor on Schedule 5 hereto.
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Approved Debtor means each Person listed on the Approved Debtor Certificate, excluding any Approved Debtor removed therefrom pursuant to the terms of Section 23 hereof and including any Debtor reinstated therein as an Approved Debtor pursuant to the terms of Section 23 hereof.
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Approved Debtor means a Debtor from any one of the Approved Countries and which is approved by ECGC for the purpose of cover under this Agreement upon receipt of application from the Insured and whose name and other particulars are included for the time being in the ‘Schedule of Approved Countries and Approved Debtors’ ;
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Examples of Approved Debtor in a sentence

  • After settlement of the Claim by ECGC, the Insured shall have no obligation to pursue or initiate recovery proceedings against the Approved Debtor, as the same stands transferred to ECGC.

  • For the avoidance of doubt, if a Rating Event occurs due to the suspension or termination of a rating related to an Approved Debtor, then the related Debtor Purchase Limit shall be zero; provided, that if such rating is thereafter reinstated, the related Debtor Purchase Limit and Applicable Margin for the related Approved Debtor shall be at those commensurate with the then-current rating.

  • We will promptly provide to you or the Approved Debtor as the case may be a tax invoice complying with the relevant law relating to that Indirect Tax.

  • Section 18.6. Notwithstanding anything contained in this Agreement to the contrary, upon the occurrence of a Termination Event under 18.1(i) or (j) with respect to a particular Approved Debtor, the Bank’s agreement hereunder to purchase additional Receivables and the authority of the Company to purchase Replacement Receivables hereunder shall not terminate pursuant to the terms of Section 18.2 with respect to the other Approved Debtors.

  • When ECGC approves an application for addition of a name to the list of Approved Debtors, it shall also specify the amount of Credit Limit on that Approved Debtor which amount could be either to the full extent or to a lesser extent of the Credit Limit sought for by the Insured.

  • If all or part of any such payment is the consideration for a taxable supply or chargeable with Indirect Tax then, when you or the Approved Debtor make the payment you must pay, and ensure the Approved Debtor pay, us an additional amount equal to that payment (or part) multiplied by the appropriate rate of Indirect Tax.

  • You must provide, and must ensure the Approved Debtor provides, us with such evidence as we may require (including certified copies of all relevant receipts) that such deduction or payment has been made to the relevant authority.

  • The exclusive list of Approved Debtors and the respective Credit Limits approved and available on each one of them as on the date of Commencement of Cover are given in the ‘Schedule of Approved Countries and Approved Debtors’; Once the Approved Debtor is sanctioned by ECGC, it is the duty of the Insured to ensure that the Client is routing all the invoices raised on Approved Debtor through the Insured and not through any other Bank/Institution/Factor with respect to the concerned Approved Debtor.

  • Receivables due and remaining unpaid or unrealized against Despatches made in favour of any single Approved Debtor shall not exceed the amount of Credit Limit available on that particular Approved Debtor as on the date of relevant Despatch.

  • From time to time, the Company may request that one or more Approved Debtors be removed as “Approved Debtors” from the Approved Debtor Certificate hereunder by delivery to the Bank of written notice of such request, which notice shall set forth the date on which such Approved Debtors shall be removed therefrom (a “Removal Date”), which date shall be no earlier than ten days after the date such notice was delivered.


More Definitions of Approved Debtor

Approved Debtor means a person obliged to make payment under, or who is indebted under, a Receivable as identified in the Facility Agreement or subsequently notified by you and approved by us.
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Approved Debtor means each Account Debtor which satisfies the Debtor Eligibility Criteria or any Account Debtor so designated by the Agent in writing, in its sole discretion, from time to time.
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Related to Approved Debtor

  • Approved Entity means a body corporate that is incorporated or established under the laws of an OECD member state and which, on the occurrence of the Relevant Event, has in issue Relevant Shares.

  • Approved Vendor means a person who has been approved for inclusion on an

  • approved person means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy;

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Approved Dealer means (a) in the case of any Portfolio Investment that is not a U.S. Government Security, a bank or a broker-dealer registered under the Securities Exchange Act of 1934 of nationally recognized standing or an Affiliate thereof, (b) in the case of a U.S. Government Security, any primary dealer in U.S. Government Securities, and (c) in the case of any foreign Portfolio Investment, any foreign broker-dealer of internationally recognized standing or an Affiliate thereof, in the case of each of clauses (a), (b) and (c) above, as set forth on Schedule 1.01(a) or any other bank or broker-dealer acceptable to the Administrative Agent in its reasonable determination.

  • Approved Lender is defined in Section 12.1.

  • Ordinary Course Professional Order means the Order Authorizing the Retention and Compensation of Certain Professionals Utilized in the Ordinary Course of Business [D.I. 765].

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A., a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at 00, Xxxxxxxxx Xxxxxx, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;

  • Approved List means Securities followed by the Global Fundamental Research Group and tracked on the Approved List. Securities may be added, removed, or undergo periodic ratings changes.

  • Approved Claims means Settlement Claims in an amount approved by the Claims Administrator or found to be valid through the Dispute Resolution process.

  • Approved Claim means a Claim Form submitted by a Settlement Class Member that: (a) is submitted timely and in accordance with the directions on the Claim Form and the provisions of the Settlement Agreement; (b) is fully and truthfully completed by a Settlement Class Member with all of the information requested in the Claim Form; (c) is signed by the Settlement Class Member, physically or electronically; and (d) is approved by the Settlement Administrator pursuant to the provisions of this Agreement.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”

  • Approved Lease has the meaning set forth in Section 6.11(a).

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Approved Location means (a) a storage terminal or facility located in the United States or Canada owned by the Borrower or a Subsidiary; or (b) other storage location located in the United States or Canada identified by the Borrower by notice to the Administrative Agent for which, if requested by the Administrative Agent, the Borrower has used commercially reasonable efforts to cause the owner, operator or landlord thereof to execute and deliver, a waiver of lien, subordination agreement or similar agreement in form and substance reasonably acceptable to the Administrative Agent with respect to any inventories of Petroleum Products stored at such terminal or facility.

  • Approved Device means a device described in Subsection 20A-21-201(4) used to

  • approved body means a body standing approved of for the purposes of section 6 of the Act of 1992;

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • CAISO Approved Meter means a CAISO approved revenue quality meter or meters, CAISO approved data processing gateway or remote intelligence gateway, telemetering equipment and data acquisition services sufficient for monitoring, recording and reporting, in real time, all Facility Energy delivered to the Delivery Point.

  • Approved Amount means the amount that the dentist has agreed to accept as full payment for treatment.

  • Approved Source means Cisco or a Cisco authorized reseller, distributor or systems integrator.

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Approved Investor means any institution which has made a Takeout Commitment and has been approved by Buyer and not subsequently disapproved by Buyer.

  • NAIC Approved Bank means a bank that is a bank listed on the most current “List of Qualified U.S. Financial Institutions” approved by the NAIC (the “NAIC Approved Bank List”) (or any branch or related entity of such bank that qualifies as a Qualified U.S. Financial Institution in accordance with the Purposes and Procedures Manual of the NAIC Investment Analysis Office).

  • Approved/Approval means the approval in writing.