Eligible Foreign Account Debtor means an Account Debtor (i) who is organized under the laws of a country other than the United States or any state thereof, (ii) whose Receivables are denominated and payable only in Dollars in the United States, and (iii) the obligations of which are supported by a letter of credit which letter of credit names the Collateral Agent as beneficiary for the benefit of the Secured Parties or in respect of which the issuer has consented to the assignment to the Collateral Agent of the proceeds thereof.
Eligible Foreign Account Debtor means an Account Debtor that does not maintain its chief executive office in the United States or Canada or is not organized under the laws of the United States or any state thereof and (i) is identified on Schedule E-1, as such Schedule may from time to time be amended by the Borrower with the written consent of the Agent, (ii) is otherwise satisfactory to the Agent in its sole discretion, (iii) whose Accounts are fully supported by one or more letters of credit acceptable to the Agent, or (iv) whose Accounts are covered by foreign credit insurance in form, substance, and amount, and by an insurer, satisfactory to Agent.
Eligible Foreign Account Debtor means a Subsidiary of each of the following entities, which Subsidiary does not maintain its chief executive office in the United States or is not organized under the laws of any State of the United States: (a) PPG Industries, (b) Valspar Corporation, (c) Corning Inc., (d) 3M Company, (e) Dow Chemical Company, (f) Meadwestvaco Corporation, (g) Xxxxx Xxxxxxxx Corporation, (h) Xxxxxx International, (i) The Procter & Xxxxxx Company, (j) Xxxxxxx Xxxxx & Xxxxxx, Inc. and (k) Xxxxx Corporation.
Examples of Eligible Foreign Account Debtor in a sentence
Cornelius ------------------------------------ Title: Director ----------------------------------- APPENDIX A Annex K to Credit Agreement List of Designated Eligible Foreign Account Debtors with Eligibility Caps Eligibility Cap for all Accounts Designated Eligible Foreign Account Debtor Owing by Foreign Account Debtor ------------------------------------------ ------------------------------- Achieva Technology PTE Ltd.
More Definitions of Eligible Foreign Account Debtor
Eligible Foreign Account Debtor means an Account Debtor (a) organized under the laws of, or the chief executive office of which is located in, any jurisdiction other than the United States of America, any State thereof or the District of Columbia, (b) the common equity of which is listed on a public stock exchange (or which is a wholly-owned Subsidiary of a Person the common equity of which is listed on a public stock exchange) and (c) which has been proposed as an Eligible Foreign Account Debtor by the Borrower and accepted as such by the Administrative Agent, in its Permitted Discretion, on the Closing Date or from time to time thereafter.
Eligible Foreign Account Debtor is NEC, Altima, Altima Xxxx NV, Altima/SEI, Alcatel Xxxx NV, and Uniquest.
Eligible Foreign Account Debtor is an Account Debtor located in any of the following countries: the United Arab Emirates, Singapore, India, the Philippines, Saudi Arabia, Australia and Hong Kong.
Eligible Foreign Account Debtor means an Account Debtor (i) which does not maintain a place of business in the United States of America; and (ii) the billing address of which is in France, Germany, Holland, Italy, Japan, the United Kingdom or any other country approved from time to time by Requisite Lenders.
Eligible Foreign Account Debtor means the Account Debtors listed on attached Schedule 1.2 as the same may be amended or modified form time to time. “Eligible Inventory” shall be valued at the lesser of cost or present market value in accordance with GAAP, on a first in/first out basis, and shall mean all of Company’s Inventory which is in good and merchantable condition, is not obsolete or discontinued, and which would properly be classified as “raw materials” or “finished goods inventory” under GAAP, excluding (a) Company’s work in process, consigned goods and inventory located outside the United States of America, (b) inventory covered by or subject to a seller’s right to repurchase, or any consensual or nonconsensual lien or security interest (including without limitation purchase money security interests) other than in favor of Bank, whether senior or junior to Bank’s security interest, and (c) Inventory that Bank (in its sole reasonable discretion) after having notified Company, excludes. Inventory which is at any time Eligible Inventory, but which subsequently fails to meet any of the foregoing requirements, shall forthwith cease to be Eligible Inventory.
Eligible Foreign Account Debtor means the Account Debtors listed on attached Schedule 1.2 as the same may be amended or modified form time to
Eligible Foreign Account Debtor means each Account Debtor that has its principal place of business or executive office located in Belgium, Netherlands, United Kingdom, France or Italy and any other Account Debtor that has its principal place of business or executive office outside the United States as Agent may agree to from time to time in writing in its Permitted Discretion.