Eligible Credit Parties definition

Eligible Credit Parties means each of the Borrower, Encore Acquisition and BCI Eclipse.
Sample 1
Eligible Credit Parties means Borrower, BCI and Encore.
Sample 1
Eligible Credit Parties means the Credit Parties other than the Parent.
Sample 1

Examples of Eligible Credit Parties in a sentence

  • All of the Accounts owned by one or more of the Eligible Credit Parties and reflected in the most recent Borrowing Base Certificate delivered by Borrower to Agent shall be "Eligible Accounts" for purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies.

  • All of the inventory owned by one or more of the Eligible Credit Parties and reflected in the most recent Borrowing Base Certificate delivered by Borrower to Agent shall be "Eligible Inventory" for purposes of this Agreement, except any Inventory to which any of the exclusionary criteria set forth below applies.

  • All of the Accounts owned by one or more of the Eligible Credit Parties and reflected in the most recent Borrowing Base Certificate delivered by Borrower to Agent shall be “Eligible Accounts” for purposes of this Agreement, except any Account to which any of the exclusionary criteria set forth below applies.

  • All of the inventory owned by one or more of the Eligible Credit Parties and reflected in the most recent Borrowing Base Certificate delivered by Borrower to Agent shall be “Eligible Inventory” for purposes of this Agreement, except any Inventory to which any of the exclusionary criteria set forth below applies.


More Definitions of Eligible Credit Parties

Eligible Credit Parties means each of the Borrower, Encore Software, BCI Eclipse, FUNimation Productions, AnimeOnline, Navarre Logistical, Navarre Digital, Navarre Online, Navarre Distribution, Navarre Entertainment and FUNimation Channel and any New Credit Party (subject to the terms and conditions of Section 6.1 hereof as to a New Credit Party).
Sample 1
Eligible Credit Parties means each of the Borrower, Encore Software and BCI Eclipse. "Eligible Inventory" has the meaning ascribed to it in Section 1.7 of the Agreement.
Sample 1

Related to Eligible Credit Parties

  • Applicable Creditor has the meaning assigned to such term in Section 9.14(b).

  • U.S. Credit Party means the U.S. Borrower and each U.S. Subsidiary Guarantor.

  • Canadian Credit Party means the Canadian Borrower and each Canadian Subsidiary Guarantor.

  • Domestic Credit Party means any Credit Party that is organized under the laws of any State of the United States or the District of Columbia.

  • Available Credit means, at any time, (a) the then effective Revolving Credit Commitments minus (b) the aggregate Revolving Credit Outstandings at such time.

  • Eligible Credit Support means Eligible Collateral and Other Eligible Support.

  • Domestic Loan Parties means, collectively, the Company and the Guarantors.

  • Canadian Loan Parties means the Canadian Borrower and the Canadian Guarantors.

  • U.S. Loan Parties means the U.S. Borrowers and the U.S. Guarantors.

  • Loan Parties means, collectively, the Borrower and each Guarantor.

  • Applicable Credit Rating For any long-term deposit or security, a credit rating of AAA in the case of S&P or Aaa in the case of Moody's. For any shxxx-xxxm deposit or security, or a rating of A-l+ in the case of S&P or P-1 in the case of Moody's.

  • Domestic Borrower means the Company and each Designated Borrower that is a Domestic Subsidiary.

  • Credit Parties means the Borrower and the Guarantors.

  • Foreign Credit Party means a Credit Party which is not a Domestic Credit Party.

  • Eligible Credit Card Receivables means at the time of any determination thereof, each Credit Card Receivable that satisfies the following criteria at the time of creation and continues to meet the same at the time of such determination: such Credit Card Receivable (i) has been earned by performance and represents the bona fide amounts due to a Borrower from a credit card payment processor and/or credit card issuer, and in each case originated in the ordinary course of business of such Borrower, and (ii) is not ineligible for inclusion in the calculation of the Borrowing Base pursuant to any of clauses (a) through (k) below. Without limiting the foregoing, to qualify as an Eligible Credit Card Receivable, an Account shall indicate no Person other than a Borrower as payee or remittance party. In determining the amount to be so included, the face amount of an Account shall be reduced by, without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits or credits pending, promotional program allowances, price adjustments, finance charges or other allowances (including any amount that a Borrower may be obligated to rebate to a customer, a credit card payment processor, or credit card issuer pursuant to the terms of any agreement or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect of such Account but not yet applied by the Loan Parties to reduce the amount of such Credit Card Receivable. Any Credit Card Receivables meeting the foregoing criteria shall be deemed Eligible Credit Card Receivables but only as long as such Credit Card Receivable is not included within any of the following categories, in which case such Credit Card Receivable shall not constitute an Eligible Credit Card Receivable:

  • Borrower Group means the Borrower and each of its Subsidiaries.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Canadian Loan Party means any Loan Party organized under the laws of Canada or any province or territory thereof.

  • Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America or the District of Columbia.

  • Designated Borrower has the meaning specified in the introductory paragraph hereto.

  • Applicable Credit Support Percentage As defined in Section 4.02(e).

  • Lender Parties means, collectively, the Administrative Agent, the Lenders, the Issuing Bank, the Specified Derivatives Providers, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 12.7, any other holder from time to time of any of any Obligations and, in each case, their respective successors and permitted assigns.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Acceptable Credit Rating means a minimum long term credit rating of either BBB from Standard & Poors or Baa2 from Xxxxx’x; Access Undertaking means:

  • Foreign Loan Party means any Loan Party other than a U.S. Loan Party.

  • Non-Credit Party means any Restricted Subsidiary of the Borrower that is not a Credit Party.