Net Amount of Eligible Accounts definition

Net Amount of Eligible Accounts means, at any time, the gross amount of Eligible Accounts less sales, excise, or similar taxes, and less returns, discounts, claims, credits, and allowances of any nature at any time issued, owing, granted, outstanding, available, or claimed (in each case without duplication, whether of the exclusionary criteria set forth in the definition of Eligible Accounts, of any Reserve, or otherwise).

Net Amount of Eligible Accounts means the gross amount of Eligible Accounts less (a) sales, excise or similar taxes included in the amount thereof and (b) returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect thereto.

Net Amount of Eligible Accounts means, as to any Borrower, the gross amount of the Eligible Accounts of such Borrower less (a) sales, excise or similar taxes included in the amount thereof and (b) returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect thereto.

Examples of Net Amount of Eligible Accounts in a sentence

• During a single period comprised of any sixty (60) consecutive days during each calendar year, the sum of the aggregate amount of outstanding Revolving Credit Loans and the aggregate Debt outstanding under the Insurance Company Loan Documents shall not exceed eighty-five (85%) percent of the Net Amount of Eligible Accounts of Borrower and the Restricted Subsidiaries.

• During a single period comprised of any sixty (60) consecutive days during each calendar year, the sum of the aggregate amount of outstanding Revolving Credit Loans shall not exceed eighty-five (85%) percent of the Net Amount of Eligible Accounts of Borrower and the Restricted Subsidiaries.

• Lender shall from time to time, in its reasonable business discretion, make loans, advances and other financial accommodations to or for the benefit of Borrower of up to 80% of the Net Amount of Eligible Accounts (or such greater or lesser percentage thereof as Lender shall, in its reasonable business discretion, determine), less any Loan Reserves (the “Revolving Credit Loans”).

• Gxxxxxx Sealing Accounts and Inventory Borrowing Base — on any date of determination thereof, an amount equal to (i) the sum of (a) 85% of the Net Amount of Eligible Accounts of Gxxxxxx Sealing on such date plus (b) the Gxxxxxx Sealing Inventory Formula Amount minus (ii) the portion of the Availability Reserve applicable to Gxxxxxx Sealing on such date.

• Net Amount of Eligible Accounts" shall mean, as to any Borrower or PT Canada, the gross amount of the Eligible Accounts of such Borrower or PT Canada less (a) sales, excise or similar taxes included in the amount thereof and (b) returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect thereto.

More Definitions of Net Amount of Eligible Accounts

Net Amount of Eligible Accounts means, at any time, with respect to any Borrower, the gross amount of Eligible Accounts, less sales, excise or similar taxes, and less discounts, claims, credits, and allowances, accrued rebates, offsets, deductions, counterclaims, disputes and other defenses of any nature at any time issued, owing, granted, outstanding, available or claimed.

Net Amount of Eligible Accounts means the gross US Dollar Amount of Eligible Accounts less: (a) sales, excise or similar taxes included in the amount thereof; and (b) returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect to such Eligible Accounts; provided that the amounts deducted under clause (a) shall not duplicate items for which Availability Reserves have been established by Agent.

Net Amount of Eligible Accounts means the gross amount of Eligible Accounts less sales, excise or similar taxes, and less returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed.

Net Amount of Eligible Accounts means the aggregate unpaid invoice amount of Eligible Accounts less, without duplication, sales, excise or similar taxes, returns, discounts, chargebacks, claims, advance payments, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed with respect to such Eligible Accounts.

Net Amount of Eligible Accounts means the value of such Eligible Accounts on any date less, without duplication, (x) at all times any and all returns, rebates, discounts (which may, at the Administrative Agent’s option, be calculated on shortest terms), credits, allowances or Taxes (including sales, excise or other Taxes but excluding franchise and other Taxes imposed on, or measured by reference to, income) at any time issued, owing, claimed by Account Debtors, granted, outstanding or payable in connection with, or any interest accrued on the amount of, such Accounts at such date (calculated without duplication of (1) deductions taken pursuant to the exclusion of “Ineligible Accounts” as described in the definition of “Eligible Accounts” or (2) items included within the Dilution Reserve) and (y) at the Administrative Agent’s discretion solely after the occurrence and during the continuation of a Liquidity Period, the aggregate amount of all cash received in respect of such Accounts (excluding, to the extent it can be traced as such, cash received and identifiable with respect to Ineligible Accounts) but not yet applied to reduce the amount of such Accounts.

Net Amount of Eligible Accounts means the gross amount of Eligible Accounts less (a) sales, excise or similar taxes included in the amount, (b) returns relating thereto and (c) discounts, charge-backs and rebates."

Net Amount of Eligible Accounts means the gross amount of the Eligible Accounts less returns, discounts, credits or offsets of any nature.