Eligible Contracts definition

Eligible Contracts means only such Contracts (including secured and unsecured Contracts and Reconveyed Contracts (other than a Permitted Facility Reconveyed Contract)) which satisfy all of the following requirements, as determined by Agent in its Permitted Discretion (and such other Contracts as Agent may allow as Eligible Contracts in its sole discretion):

Eligible Contracts means any general account life insurance contract issued by a Company in which the First Commissionable Event occurs while this Agreement is in effect.

Eligible Contracts means only those Contracts which are either Vehicle Contracts or Direct Loan Contracts or Sales Finance Contracts which the Agent, in its sole discretion, deems eligible and which, without limiting the Agent’s discretionary rights, satisfy at all times all of the following requirements as determined by the Agent in its sole and absolute discretion:

Examples of Eligible Contracts in a sentence

• Each Contract classified as an "Eligible Contract" (or included in any aggregation of balances of "Eligible Contracts") by CAC satisfies at the time of such classification the definition of "Eligible Contract" set forth in the Security Agreement.

• The Company and the Servicer shall agree from time to time as to which Eligible Contracts are to be purchased by the Company from or through Servicer.

• In no event shall Reserves or adjustments to eligibility criteria duplicate Reserves or adjustments already accounted for in determining eligibility criteria under the definitions of Eligible Accounts, Eligible Contracts In Transit, Eligible Equipment, and Eligible Inventory.

• Bank may act under the Agreement through the subcustodians with which Bank has entered into Eligible Contracts and which are listed on Schedule A attached hereto ("Subcustodians").

• The UTI Beneficiary may from time to time designate the Titling Trust or the Titling Trustee, on behalf of the Titling Trust, as the nominee holder of legal title to Contracts that are Eligible Contracts, the related Leased Vehicles and other Titling Trust Assets.

More Definitions of Eligible Contracts

Eligible Contracts means Installment Sales Contracts arising out of the sale of goods by Retail Services or a customer of the Cooperative other than Approved Contracts which Statesman has determined to purchase from the Cooperative.

Eligible Contracts. Means, at the time of pledge, a Series 1998-1 Contract with respect to which:

Eligible Contracts means all Contracts other than Ineligible Contracts.

Eligible Contracts those Contracts owned by a Borrower that Agent, in its reasonable judgment, deems to be Eligible Contracts. Without limiting the foregoing, no Contract shall be an Eligible Contract unless:

Eligible Contracts means (i) the Internet Appliance OEM License and Distribution Agreement between Be Incorporated and Sony Electronics Inc. dated March 13, 2001 (the "Sony Agreement"), (ii) all Contracts of Seller that contain license grants to Seller that are not Transferred Contracts on the Existing Agreement Date and (iii) all nondisclosure agreements, confidentiality agreements or similar Contracts of Seller.

Eligible Contracts means only such Contracts which satisfy all of the following requirements, as determined by Agent in its Permitted Discretion (and such other Contracts as Agent may allow as Eligible Contracts in its sole discretion):

Eligible Contracts means each of those Contracts which satisfy all of the following conditions: (i) pursuant to which Borrower has loaned or advanced monies to a Contract Debtor, (ii) which, along with all loans, advances and collateral therefor, have been validly assigned to Capital, (iii) which strictly comply with all of Borrower's warranties and representations to Capital contained herein; (iv) with respect to which the Contract Debtor is not more than sixty (60) days delinquent in the making of any scheduled payment thereunder; (v) are not subject to any defense, counterclaim, offset, discount or allowance; (vi) the outstanding advances made by Borrower under such Contract do not exceed more than thirty five percent (35%) of the Tangible Net Worth; and (vii) not more than twenty five percent (25%) of the outstanding accounts assigned to Borrower under such Contract are subject to a dispute by the account debtors thereunder.