INSTALLMENT ACCOUNTS definition
INSTALLMENT ACCOUNTS means, with respect to any Person, those specific Accounts of such Person with respect to which the Account Debtors thereunder are permitted by written contract to make installment payments over time against the outstanding balance of such Account, provided that such Account has been created in accordance with the Borrowers' established revenue recognition policies as described in SCHEDULE 1.1.
INSTALLMENT ACCOUNTS means Accounts, that at the time of the sale giving rise to such Account, was payable by the Account Debtor in two or more installments. Installment Accounts shall not include amounts which, by reason of being submitted to a Credit Card Processor for payment, have become Credit Card Accounts.