Domestic Receivables definition

Domestic Receivables means receivables of the Company or any Subsidiary which in the ordinary course of business are payable in the United States.

Domestic Receivables means any sale represented by an Account for which the address of the Account Debtor on the invoice evidencing such Account is located inside the United States of America.

Domestic Receivables means accounts receivable of any Borrower which are owed by a Person that is a citizen of or organized under the laws of the United States of America or any State thereof and are not owed by a Foreign Person.

Examples of Domestic Receivables in a sentence

• The Company shall not permit ARC (or any other SPV party to a Permitted Domestic Receivables Securitization) to be designated as a “Restricted Subsidiary” under and as defined in each Senior Note Indenture.

• ARC (or any other SPV party to a Permitted Domestic Receivables Securitization) has been and continues to be designated as an “Unrestricted Subsidiary” under and as defined in each Senior Note Indenture.

• The Bank will lend an amount not to exceed 80 percent of Domestic Receivables less than 90 days from invoice.

• The “U.S. Revolving Borrowing Base” shall be equal, as at any date, to 85% of the difference between (x) the aggregate amount of Eligible Domestic Receivables at such date as set forth on the Accounts Report attached to the most recently delivered U.S. Revolving Borrowing Base Certificate pursuant to Section 6.1(f), and (y) the Dilution Reserve.

• As of the date hereof, neither Parent nor any Subsidiary of Parent (other than Borrower, Arcotronics and FEC) generates Domestic Receivables.

More Definitions of Domestic Receivables

Domestic Receivables means all obligations of any obligor (whether now existing or hereafter arising) under a contract for sale of goods or services by Domestic Subsidiaries, which includes any obligation of such obligor (whether now existing or hereafter arising) to pay interest, finance charges or amounts with respect thereto, and, with respect to any of the foregoing receivables or obligations, (a) all of the interest of the Borrower or its Domestic Subsidiaries in the goods (including returned goods) the sale of which gave rise to such receivable or obligation after the passage of title thereto to any obligor, (b) all other Liens and property subject thereto from time to time purporting to secure payment of such receivables or obligations, (c) all guaranties, insurance, letters of credit and other agreements or arrangements of whatever character from time to time supporting or securing payment of any such receivables or obligations, (d) all books and records relating to the foregoing, lockbox accounts containing primarily proceeds of the foregoing, and other similar related assets customarily transferred (or in which security interests are customarily granted) to purchasers in receivables purchase transactions that are treated as sales under GAAP, (e) all rights of the Borrower or its Domestic Subsidiaries to refunds on account of value added tax in respect of goods sold to an obligor, any receivable from whom is or becomes a defaulted receivable, and (f) proceeds of or judgments relating to any of the foregoing, any debts represented thereby and all rights of action against any Person in connection therewith.

Domestic Receivables means Receivables, the Account Debtor with respect to which is a U.S. Person.

Domestic Receivables are Receivables for which the Account Debtor has its principal place of business in the United States.

Domestic Receivables means Receivables that are owed by account debtors that maintain their chief executive office in the United States or Canada and are organized under applicable Law of the United States, any State of the United States, Canada, or any Province thereof.

Domestic Receivables means Receivables where the Account Debtor is located in the United States.

Domestic Receivables means Eligible Receivables from Approved Account Debtors whose principal place of business and jurisdiction of incorporation or formation are located within the United States.

Domestic Receivables means receivables of Xxxxxxxx or any Subsidiary of Xxxxxxxx which in the ordinary course of business are payable in the United States.