Domestic Accounts Receivable definition

Domestic Accounts Receivable means the Eligible Accounts Receivable of the Borrower and any Domestic Subsidiary that is a Loan Party.

Domestic Accounts Receivable means Accounts with respect to which the Account Debtor is domiciled in the United States of America.

Domestic Accounts Receivable shall be accounts receivable of the Borrower due on account of deliveries to be made within the United States.

Examples of Domestic Accounts Receivable in a sentence

• All Domestic Accounts Receivable, whether Qualified Accounts Receivable or not, shall be subject to the Lenders’ Prior Security Interest, subject to Permitted Liens, if any.

• The property or services giving rise to such Eligible Domestic Accounts Receivable has been delivered or rendered to the account debtor or its agent for immediate shipment to and unconditional acceptance by the account debtor.

• Acceptable Domestic Accounts Receivable shall be defined as those accounts receivable of the Borrower due from account debtors with a billing address located within the United States of America that are due ninety (90) days or less, whichever is less, that are free and clear of all liens, and are unconditionally owed to the Borrower without a defense, offset or counterclaim, and which would not be classified as contra accounts.

• Borrower will maintain Domestic Accounts Receivable of not less than $35,000,000 as of the fiscal quarter ended December 31, 2007 and not less than $40,000,000 as of the fiscal quarter ended March 31, 2008 and thereafter.

• The Administrative Agent shall have received (i) field examinations with respect to the Borrowers’ Eligible Domestic Accounts Receivable and certain other matters and (ii) an appraisal with respect to the Eligible Rental Equipment in form and substance reasonably satisfactory to the Administrative Agent.

More Definitions of Domestic Accounts Receivable

Domestic Accounts Receivable means accounts receivable owing to Borrower, payable in United States dollars, arising out of the sale or lease of goods or the rendition of services by Borrower, with respect to which the account debtor is a resident of the United States."

Domestic Accounts Receivable accounts receivable of the Loan Parties that are billed and collected in the United States and other accounts receivable acceptable to the Administrative Agent in its sole discretion.

Domestic Accounts Receivable means the gross amount of those Base Accounts which arise in the ordinary course of the business operations of the Borrower, consistent with past practices, and are due from account debtors located in the United States of America.

Domestic Accounts Receivable means, with respect to the US Borrower and the Guarantors, all trade accounts receivable (excluding all lease receivables) from account debtors located in the United States, as set forth on the Consolidated balance sheet of the US Borrower and its Subsidiaries prepared in accordance with GAAP.

Domestic Accounts Receivable means, as of any date, the gross outstanding balance on such date, determined in accordance with GAAP and stated on a basis consistent with the historical practices of the Domestic Loan Parties as of the Closing Date, of Accounts of the Domestic Loan Parties, net of intercompany Accounts.

Domestic Accounts Receivable means any Accounts Receivable (billed and unbilled) associated with sales to Associated Center dentists within the United States, Canada or Japan.

Domestic Accounts Receivable means Accounts Receivable which are related to the operation of the Domestic Mines.