Examples of Eligible Foreign Receivables in a sentence

Eligible Foreign Receivables shall not exceed $2,000,000.00 of receivable availability under the Borrowing Base.
Such Collateral Reconciliation Report shall also include a summary of domestic gross receivables and Eligible Receivables, foreign gross receivables and Eligible Foreign Receivables, gross inventory and Eligible Inventory by location.
Each Borrowing Base Certificate shall contain information, in reasonable detail, as to (A) Eligible Foreign Receivables and Eligible US Receivables (updated, in each case, weekly) and (B) Eligible Foreign Inventory and Eligible US Inventory (updated, in each case, monthly).
Each Account, Life Insurance Policy and all Inventory included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Receivables, Eligible Foreign Receivables, Eligible Life Insurance Policies and Eligible Inventory.
Date”) Lender shall provide to Borrower a portion of the Revolving Credit (the “Foreign Receivables Sublimit”) in an aggregate principal sum (the “Foreign Receivables Sublimit Borrowing Capacity”) equal to the lesser of (i) FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($500,000.00) (the “Foreign Receivables Sublimit Cap”), or (ii) fifty percent (50.00%) of the aggregate amount of Eligible Foreign Receivables at such time.

More Definitions of Eligible Foreign Receivables

Eligible Foreign Receivables means each Receivable of a Borrower arising in the Ordinary Course of Business that would qualify as an Eligible Receivable but for clause (g) of the definition of “Eligible Receivables” and is (a) credit insured (the insurance carrier, amount and terms of such insurance shall be reasonably acceptable to Agent and shall name Agent as beneficiary or loss payee, as applicable) (b) supported by other credit support, including, without limitation, letters of credit, reasonably acceptable to Agent.

Eligible Foreign Receivables means Receivables up to ninety (90) days past ---------------------------- invoice arising from Borrower's customers located outside the United States which Coast otherwise approves for borrowing in its sole and absolute discretion. Without limiting the foregoing, Coast will consider the following in determining the eligibility of such receivables:

Eligible Foreign Receivables means and include with respect to each Borrower, each Receivable received from a Person headquartered in or formed under the laws of a country other than the United States, arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Foreign Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed an Eligible Foreign Receivable unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Foreign Receivable if any of the items listed in parts (a) through (q) of the definition of “Eligible Domestic Receivable” shall apply to such Receivable.

Eligible Foreign Receivables means with respect to the Foreign Borrower, at any time of determination thereof, the invoice amount, net of all goods and services, harmonized taxes and sales taxes (which shall be the U.S. Dollar Equivalent at such time of any amount denominated in currency other than United States Dollars) owing on each account of such Person (net of any returns, discounts, claims, credits, charges, accrued rebates or other allowances, offsets, deductions, counterclaims, disputes or other defenses and reduced by the aggregate amount of all reserves, limits and deductions provided for in this definition and elsewhere in this Agreement), provided each account conforms and continues to conform to the following criteria to the satisfaction of the Lender:

Eligible Foreign Receivables means, with respect to any Local Currency Borrower, the total face amount of the receivables of such Local Currency Borrower which conform to the representations and warranties contained in the Security Agreement to which such Local Currency Borrower is a party, which in each case continue to be acceptable to the Agents in their reasonable judgment less any returns, discounts, claims, credit and allowances of any nature (whether issued, owing, granted or outstanding) and less reserves for any other matter affecting the creditworthiness of account debtors owing the receivables. The value of such receivables shall be determined by the Agents in their reasonable judgment taking into consideration, among other factors, their book value determined in accordance with GAAP.

Eligible Foreign Receivables means Receivables arising from Borrower's customers located outside the United States, provided that (i) the Borrower's goods are shipped backed by a letter of credit, or (ii) the Borrower's goods are shipped to a large or rated company having a verifiable credit history, or (iii) Borrower's goods are shipped to a foreign subsidiary of a customer of Borrower that is a company that was formed and has its primary place of business within the United States, or (iv) Borrower's goods are shipped to a large foreign corporation acceptable to Coast in its sole and absolute discretion, or (v) Borrower's goods are shipped to a foreign company with a Dun & Bradstreet rating acceptable to Coast in its sole and absolute discretion, or (vi) Borrower's goods are shipped to a company that has credit insurance acceptable to Coast in its sole and absolute discretion. [NOTWITHSTANDING THE FOREGOING, ANY RECEIVABLES DERIVED FROM COMPANIES LOCATED IN THE NETHERLANDS SHALL BE ELIGIBLE ONLY IF A SECURITY INTEREST IN SUCH RECEIVABLES CAN BE OBTAINED BY COAST IN FORM AND SUBSTANCE SATISFACTORY TO COAST IN ITS SOLE AND ABSOLUTE DISCRETION.]