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.

• As used in this Agreement, the term “Borrowing Base” means the sum of (a) 80 percent of Eligible Domestic Accounts Receivable at the time in question, (b) 90 percent of Eligible Foreign Accounts Receivable at the time in question, and (c) 50 percent of Eligible Inventory at the time in question, provided, however, that the aggregate amount of Advances supported by Eligible Inventory shall not exceed $4,000,000 at any time.

• The Eligible Domestic Accounts Receivable are bona fide existing obligations.

• The Domestic Accounts Receivable Advance Rate will be initially set at 85%, except the advance rates against the Packaged Foods receivables and the Processed Foods receivables will be initially set at 70% and 75%, respectively.

• Amounts available under the $1,500,000 revolver are limited to the amount available based on the level of Tangible Net Worth, as defined, and to 60% of Eligible Domestic Accounts Receivable plus 40% of Eligible Foreign Accounts Receivable, as defined ($1,150,000 and $1,164,000 at December 31, 1997 and March 31, 1998, respectively).

More Definitions of Domestic Accounts Receivable

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 those accounts receivable of the Borrower owed to it by all United States based retailers ("Domestic Companies").

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 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 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 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.