International Receivable definition
International Receivable means a Receivable the Obligor of which has a billing address in an Approved Country other than the United States or Canada.
International Receivable means a right of any Seller to payment, whether constituting an account, chattel paper, instrument, general intangible or otherwise, arising from the sale of goods, services or future services by such Seller (and including the right to payment of any interest or finance charges and other obligations with respect thereto) owing from an entity (i) with its chief executive office outside of the United States and Canada, (ii) that transacts a substantial portion of its business and maintains a substantial portion of its fixed assets outside the United States and Canada and (iii) which is not engaged primarily in financing the operations of businesses within the United States and Canada.
International Receivable means an account which arises out of a transaction between the Borrower or Erudite and an Account Debtor who meets at least one of the following criteria: (A) the Account Debtor is a non-United States (i) government, (ii) government-controlled business or (iii) governmental agency, (B) the Account Debtor is not subject to the jurisdictions of the court systems of the United States and any state of the United States and/or (C) the Account Debtor does not maintain in the United States an office to which such account is invoiced and tangible assets with a book value equal to at least five (5) times the aggregate accounts owed by such Account Debtor.
Examples of International Receivable in a sentence
If the Seller or Servicer shall receive any Collections directly, it shall immediately (and in any event within two Business Days) deposit the same to a Lock-Box or a Deposit Account (provided that Collections related to an International Receivable or a Receivable originated by the U.S. Originator shall be deposited to a Lock-Box or a Deposit Account in the United States) and until it does so, shall hold the same in trust for the Agent.
Patents 19,815.00 Cerebricom Oy Ltd c/o I▇▇▇▇ ▇▇▇▇▇▇▇ Esq, D&B International Receivable Management Services 3▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇.