Qualified Account Debtor definition

Qualified Account Debtor means an Account Debtor specified on Schedule 1.01D or otherwise reasonably acceptable to the Administrative Agent.
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Qualified Account Debtor means each of Compaq Computer Corporation, Dell Computer Corporation, Flextronics International Ltd., Gateway, Inc., Xxxxxx Micro Inc., Tech Data Corporation, and Synnex Information Technologies, Inc.
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Qualified Account Debtor means an Account Debtor (or any Affiliate thereof) whose long-term unsecured debt obligations are rated at least A2 by Xxxxx’x or A by S&P.
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More Definitions of Qualified Account Debtor

Qualified Account Debtor means an Account Debtor that is a retailer of national standing acceptable to the Administrative Agent in its reasonable discretion. “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). “QFC Credit Support” has the meaning set forth in Section 10.24. “Qualified ECP Guarantor” means, with respect to any Swap Obligation, each Loan Party that (a) has total assets exceeding $10,000,000 at the time the relevant guaranty by such Loan Party of such Swap Obligation, the grant by such Loan Party of a security interest or Lien to secure such Swap Obligation, or the provision of other support by such Loan Party becomes effective with respect to such Swap Obligation, (b) otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a “keepwell, support or other agreement” under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act, or (c) constitutes an “eligible contract participant” under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act because its obligations with respect to such Swap Obligation are supported by the keepwell in Section 10.20 hereof from the MLP and the Borrower, each of which is an “eligible contract participant” under Section 1a(18)(A)(v)(I) of the Commodity Exchange Act. “Qualified Factor” means any Lender or any other bank or financial institution satisfactory to the Administrative Agent in its reasonable discretion. “Qualified Factoring Program” means a factoring program sponsored by a Qualified Account Debtor in partnership with one (1) or more Qualified Factors, pursuant to which each participating supplier of such Qualified Account Debtor may in its reasonable discretion sell, convey, transfer or assign from time to time, on a non-recourse basis, all or a portion of its Factoring Transaction Assets to such Qualified Factor(s) for fair value on mutually-agreed terms and conditions. “Qualified Factoring Program Reclassification Date” means the date on which the most recent financial statements of the Borrower and its Restricted Subsidiaries delivered to Administrative Agent pursuant to Section 6.01(a) or (b) evidence that any Qualified Factoring Program constitutes Indebtedness in accordance with GAAP. “Quarterly Distributions” means (a) with respect to the Borrower, the distributions by the Borrower of Availa...
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Qualified Account Debtor has the meaning specified in the definition of Eligible Accounts Receivable.
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Qualified Account Debtor means an Account Debtor that is a retailer of national standing acceptable to the Administrative Agent in its reasonable discretion.
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Qualified Account Debtor the account debtors set forth on Schedule III hereto and any other qualified account debtor reasonably acceptable to the Co-Arrangers.
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Qualified Account Debtor means each of Compaq Computer Corporation, Dell Computer Corporation, Gateway, Inc., Ingram Micro Inc., Tech Data Corporation, and Synnex Information Technologies, Inc.
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Related to Qualified Account Debtor

  • Account Debtor means any Person obligated on an Account.

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.

  • Account Receivable means, with respect to any Person, any right of such person to payment for goods sold or leased or for services rendered, whether or not evidenced by an instrument or chattel paper and whether or not yet earned by performance.

  • Eligible Accounts are Accounts which arise in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time and from time to time after the Effective Date, to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless Bank agrees otherwise in writing, Eligible Accounts shall not include:

  • Eligible Unbilled Accounts means Accounts of the Obligors that does not qualify as an Eligible Account solely because (a) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (b) the services giving rise to such Account have not been performed and billed to the Account Debtor and, in either case, so long as such Accounts have not been unbilled for more than thirty (30) days. For the avoidance of doubt, at such time as an Account is billed to the Account Debtor it shall no longer be an “Eligible Unbilled Account”.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Ineligible Account means an Account that at the time of determination is not an Eligible Account.

  • Eligible Receivable means, at any time, a Receivable:

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).