Eligible Receivables Determination Date definition
Eligible Receivables Determination Date means the fifth Business Day following the last day of each March, June, September and December (beginning with December 2020).
Examples of Eligible Receivables Determination Date in a sentence
On each Eligible Receivables Determination Date, the Parent shall deliver to the Administrative Agent a certificate of a Responsible Officer of the Parent certifying that all Eligible Receivables Revenue for such Eligible Receivables Test Period was deposited into the Eligible Receivables Account (and at least 90% of all Eligible Receivables Revenues were deposited directly into the Eligible Receivables Account).