Trade Accounts Receivable means, with respect to any Person, all rights of such Person to the payment of money arising out of any sale, lease or other disposition of goods or rendition of services by such Person.
Trade Accounts Receivable means, with respect to any Person, all rights of such Person to the payment of money directly or indirectly arising out of any sale, lease or other disposition of goods or rendition of services by such Person.
Trade Accounts Receivable means, as of any given date, all accounts receivable of TANO, MC II and NMP for goods sold and delivered and services rendered by TANO, MC II and NMP in the ordinary course of the business presently conducted by each of them and representing amounts then invoiced and due and owing, and a Trade Account Receivable shall be an "Eligible Trade Account Receivable", and shall be included in the Borrowing Base, only if and so long as it meets each and all of the following requirements:
(1) It is a valid, genuine and legally enforceable obligation, subject to no defense, set off or counter-claim, of the account debtor or other obligor named herein or in the TANO, MC II and/or NMP's records pertaining thereto, and that neither TANO, MC II nor NMP has received from the account debtor or other obligor any notification repudiating such obligation or asserting that such obligation is subject to any defense, set off or counterclaim; and
(2) It is owned by the either TANO, MC II or NMP free and clear of all interests, liens, attachments, encumbrances and security interests except the security interest granted to the Bank pursuant to this Agreement; and
(3) The Account debtor or other obligor is located in the United States or Canada; and
(4) Not more than ninety (90) days have expired since the date of invoice; or, if the Bank in its sole discretion accepts as Eligible a Trade Account Receivable which is due on a date stated in the invoice, not more than thirty (30) days have expired since the date stated; and
(5) Neither TANO, MC II nor NMP has received notice from the Bank that the credit of the account debtor is not satisfactory to the Bank for any reason; and
(6) The account debtor is not an entity in which the any of the Debtors have a controlling interest; and
(7) Eligible Trade Accounts Receivable shall not include any account receivable of the same account debtor to any of the Debtors in excess of twenty five percent (25%) of the then Eligible Trade Accounts Receivable calculated after excluding this debtor's Eligible Trade Accounts Receivable; and
(8) The entire receivable of one account debtor becomes ineligible if more than ten percent (10%) of the total due is over ninety (90) days past due, unless the ten percent (10%) over ninety (90) days is attributable to an isolated dispute over a specific invoice.
Examples of Trade Accounts Receivable in a sentence
Upon the sale, exchange, or other disposition of Inventory, as herein provided, the security interest in the Inventory provided for herein shall, without break in continuity and without further formality or act, continue in, and attach to, all proceeds, including any instruments for the payment of money, Trade Accounts Receivable, documents of title, shipping documents, chattel paper and all other cash and non-cash proceeds of such sale, exchange or disposition.
Trade Accounts Receivable, Allowance for Doubtful Accounts, and Customer Deductions Trade accounts receivable are stated at the amount we expect to collect.
Trade Accounts Receivable and the Allowance for Doubtful AccountsThe Company evaluates the collectability of trade accounts receivable based on a combination of factors.
With respect to all such reports, the Company will provide to the Agent such additional information and material as the Agent may reasonably request to effectively evaluate the Trade Accounts Receivable and the collectability thereof and the mix of the Inventory and such other information as the Agent may reasonably require to evaluate the Company's Trade Accounts Receivable and Inventory, such as returns, claims, credits, allowances and information identifying and describing the Trade Accounts Receivable.
Trade Accounts Receivable and Allowance for Doubtful Accounts Trade accounts receivable is stated at their invoice value less allowance for doubtful accounts.
More Definitions of Trade Accounts Receivable
Trade Accounts Receivable means that portion of Accounts which arises from the sale of Inventory or the rendition of services in the ordinary course of business.
Trade Accounts Receivable means trade accounts receivable payable to a Purchaser or any Affiliate of a Purchaser operating and doing business in Africa other than that accounts receivable owed by the Shell Petroleum Development Company of Nigeria Ltd and its affiliates to Ranger Subsea Nig. Ltd. assigned to Ranger Offshore Inc. prior to the date hereof.
Trade Accounts Receivable means that portion of any Companies’ Accounts which arises from the sale of Inventory or the rendition of services in the ordinary course of such Company’ business. Trademarks shall mean all present and hereafter acquired trademarks, trademark registrations, recordings, applications, tradenames, trade styles, service marks, prints and labels (on which any of the foregoing may appear), licenses, reissues, renewals, and any other intellectual property and trademark rights pertaining to any of the foregoing, together with the goodwill associated therewith, and all cash and non-cash proceeds thereof. UCC shall mean the Uniform Commercial Code as the same may be amended and in effect from time to time in the state of New York. Waiver shall mean the Waiver to Amended and Restated Financing Agreement executed on the date hereof. Working Day shall mean any Business Day on which dealings in foreign currencies and exchanges between banks may be transacted.
Trade Accounts Receivable means that portion of Accounts which arises from the sale of Inventory or the rendition of services in the ordinary course of business. TRADEMARKS shall mean all present and hereafter acquired trademarks and/or trademark rights (together with the goodwill associated therewith) and all cash and non-cash proceeds thereof.
Trade Accounts Receivable means that portion of each Company’s Accounts which arises from the sale of Inventory or the rendition of services in the ordinary course of such Company’s business. Trademarks shall mean all of the Companies’ present and hereafter acquired trademarks, trademark registrations, recordings, applications, tradenames, trade styles, corporate names, business names, service marks, logos and any other designs or sources of business identities, prints and labels (on which any of the foregoing may appear), all reissues and renewals thereof, all licenses thereof, all other general intangible, intellectual property and other rights pertaining to any of the foregoing, together with the goodwill associated therewith, and all income, royalties and other Proceeds of any of the foregoing. UCC shall mean the Uniform Commercial Code as the same may be amended and in effect from time to time in the State of New York.
Trade Accounts Receivable means that portion of each of the Companies' Accounts which arises from the sale of Inventory or the rendition of services in the ordinary course of the Companies' business. Trademarks shall mean all of each of the Companies' present and hereafter acquired trademarks, trademark registrations, recordings, applications, tradenames, trade styles, service marks, prints and labels (on which any of the foregoing may appear), licenses, reissues, renewals, and any other intellectual property and trademark rights pertaining to any of the foregoing, together with the goodwill associated therewith, and all cash and non-cash proceeds thereof. UCC shall mean the Uniform Commercial Code as the same may be amended and in effect from time to time in the State of New York. Working Day shall mean any Business Day on which dealings in foreign currencies and exchanges between banks may be transacted.
Trade Accounts Receivable means that portion of the Company’s Accounts which arises from the sale of Inventory or the rendition of services in the ordinary course of the Company’s business. Trademarks shall mean all present and hereafter acquired trademarks, trademark registrations, recordings, applications, tradenames, trade styles, service marks, prints and labels (on which any of the foregoing may appear), licenses, reissues, renewals, and any other intellectual property and trademark rights pertaining to any of the foregoing, together with the goodwill associated therewith, and all cash and non-cash proceeds thereof. UCC shall mean the Uniform Commercial Code as the same may be amended and in effect from time-to-time in the state of California.