Examples of Eligible Foreign Accounts in a sentence
To facilitate the financing of EX-IM Eligible Foreign Accounts, the EX-IM Bank has agreed to guarantee the EX-IM Advances made under this EX-IM Agreement, pursuant to a Master Guarantee Agreement, Loan Authorization Agreement and (to the extent applicable) Delegated Authority Letter Agreement (collectively, the “EX-IM Guarantee”).
All references in the Loan Agreement to the Revolving Line, Advances, the Unused Revolving Line Facility Fee, Availability Amount, Borrowing Base, Eligible Accounts, Eligible Foreign Accounts, Overadvance, Reserves, and any terms associated therewith are stricken in their entirety.
Borrower will immediately notify Lender and EXIM Bank in writing upon submission of any claim under the EXIM Bank Policy, and Lender will not be obligated to make any further EXIM Advances to Borrower based on EXIM Eligible Foreign Accounts without prior approval from EXIM Bank.
Lender may at any time and from time to time contact Account Debtors and other persons obligated or knowledgeable in respect of Receivables to confirm the Receivable Amount of such Receivables, to determine whether Receivables constitute EXIM Eligible Foreign Accounts, and for any other purpose in connection with this Agreement Lender may audit Borrower’s Receivables and any and all records pertaining to the Collateral, at Lenders sole discretion and at Borrower’s reasonable expense.