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

  • The aggregate of the Funded Amount of the Receivables referred to in the Portfolio Report (after giving effect to such purchase) as of the applicable Settlement Date will not exceed (i) the Agreement Amount or (ii) with respect to an Approved Debtor, the Debtor Sublimit.

  • 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.

  • Each Purchased Receivable is generated from a sale to an Approved Debtor and shall be freely assignable and shall constitute amounts due and payable by the Debtor on the relevant Maturity Date (which shall not exceed 90 days from the earliest of (i) the date of sale or (ii) dispatch of the goods by the Company) and each Contract, Purchased Receivable and Invoice complies in all material respects with all applicable laws and regulations.

  • 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.

  • 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.

  • Each Purchased Receivable is generated from a sale to an Approved Debtor and shall be freely assignable and shall constitute amounts due and payable by the Debtor on the relevant Maturity Date (which shall not exceed 120 days from the earliest of (i) the date of sale or (ii) dispatch of the goods by the Company) and each Contract, Purchased Receivable and Invoice complies in all material respects with all applicable Laws.

  • As of the date of the sale of such Purchased Receivable to the Bank, neither the Company nor, to the actual knowledge of the Company, any Approved Debtor, is insolvent nor has any insolvency or bankruptcy event occurred with respect to the Company or such Debtor, nor is the Debtor past due under any payment obligation to the Company with respect to any related Purchased Receivable nor has the Debtor rescheduled or extended the Maturity Date of any such Purchased Receivable.

  • The exclusive list of Approved Debtors and the respective Credit Limits approved and available on each one of them as on the date 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.

  • Section 4.1(h) shall be amended and restated to read in its entirety as follows: (h) As of such Settlement Date, solely with respect to any Committed Purchase, such Receivables shall be required to be purchased only with respect to any Approved Debtor the ultimate parent of which has public debt ratings equal to or exceeding BBB- and Baa3 by Standard & Poor’s Ratings Services and Moody’s Investor Service, respectively.

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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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Related to Approved Debtor

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

  • Approved Claims means complete and timely claims, submitted by Settlement Class Members, that have been approved for payment by the Settlement Administrator.

  • 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.

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

  • 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.