Credit Insured Accounts definition

Credit Insured Accounts means Eligible Accounts that are insured by third party credit insurance and satisfactory in all respects to the Agent in its Permitted Discretion.
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Credit Insured Accounts. Eligible Accounts supported by credit insurance reasonably satisfactory in all respects to Agent.
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Credit Insured Accounts. Eligible Accounts supported by credit insurance reasonably satisfactory in all respects to Agent. “Daily Simple SOFR”: with respect to any applicable determination date, the secured overnight financing rate published on the FRBNY website (or any successor source satisfactory to Agent). “Debt”: as applied to any Person, without duplication, (a) all items that would be included as liabilities on a balance sheet in accordance with GAAP, including Capital Leases, but excluding trade payables incurred and being paid in the Ordinary Course of Business; (b)
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Examples of Credit Insured Accounts in a sentence

  • Agent may rely, in determining which Accounts are Eligible Accounts, Eligible Credit Insured Accounts or Eligible Non-Credit Insured Accounts, on all statements and representations made by Borrowers with respect thereto.

  • If Accounts in an aggregate face amount of $1,000,000 or more cease to be Eligible Credit Insured Accounts or Eligible Non-Credit Insured Accounts, Borrowers shall notify Agent of such occurrence promptly (and in any event within one Business Day) after any Borrower has knowledge thereof.


More Definitions of Credit Insured Accounts

Credit Insured Accounts means (a) all accounts receivable that do not ----------------------- meet the requirements of clauses (b), (j) or (p) of the definition of "Eligible ----------------------- -------- Accounts" set forth in this Section 1.1 but are otherwise Eligible Accounts, -------- ----------- provided that (i) such account is supported by a policy of credit insurance in an amount and in all other respects satisfactory to all of the Banks and issued by an insurance company satisfactory to all of the Banks, (ii) the rights of the owner of such account under such insurance policy have been transferred and assigned to the Agent, or the Agent has been named as a loss payee under such insurance policy, all in a manner and pursuant to documentation satisfactory to all of the Banks and for sufficient consideration, (iii) the original (or a copy if acceptable to the Banks) of such insurance policy has been delivered to the Agent, (iv) the Person transferring such insurance policy to the Agent has the corporate power and authority to transfer and assign to the Agent any and all such insurance policies, and (v) all of the Banks have approved inclusion of such account receivable in the Borrowing Base and all requirements of each Bank for such approval have been satisfied in full, and (b) Eligible Foreign Accounts.
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Related to Credit Insured Accounts

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Linked Account means any controlled disbursement account or other deposit account at any time linked to any of the Collection Accounts maintained at Truist Financial Corp. by a zero balance account connection or other automated funding mechanism.

  • Reinsured Policies has the meaning assigned to it in the Reinsurance Agreement.

  • Credit Account is modified to read “Grant Account”.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Credit Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Insured Amount As defined in the Policy.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Limited line credit insurance producer means a person who sells, solicits, or negotiates one or more forms of limited line credit insurance coverage to an individual through a master, corporate, group, or individual policy.

  • Insured Persons means the person/s named in the Schedule to the Policy, who is/are Indian Resident /s and for whom the insurance is also proposed and appropriate premium paid.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Tower Letter of Credit Account” that shall be used solely for the purposes set forth herein.