UK Accounts definition

UK Accounts means Accounts that are billed and collected by the Borrower in the United Kingdom and which (a) otherwise satisfy the definition of Eligible Accounts and (b) contain selling terms and conditions acceptable to Bank in its sole but reasonable discretion.

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UK Accounts means the Lock-Box Accounts identified as “UK Accounts” on Schedule II hereto, in each case, so long as such Lock-Box Account is subject to English law.

UK Accounts means the audited accounts of UK Sub for the twelve month period ended on March 31, 2010.

Examples of UK Accounts in a sentence

U.K. Borrowing Base: on any date of determination, an amount equal to the lesser of (a) the result of: (i) the Maximum U.K. Facility Amount, minus (ii) the U.K. LC Reserve, minus (iii) the U.K. Top Golf Reserve; or (b) the result of: (i) the U.K. Accounts Formula Amount, plus (ii) the U.K. Inventory Formula Amount, plus (iii) 100% of the amount of U.K. Pledged Cash, minus (iv) the U.K. Availability Reserve.
U.K. Accounts Formula Amount: (a) as of any date of determination within the period beginning on May 1 through and including October 31 of each Fiscal Year, 85% of the Value of Eligible Accounts of the U.K. Borrower; and (b) as of any date of determination within the period beginning on November 1 through and including April 30 of each Fiscal Year, 90% of the Value of Eligible Accounts of the U.K. Borrower.
As to each Account that is identified by Borrower as an Eligible Account in a borrowing base report submitted to Lender, such Account is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definitions of Eligible Domestic Accounts or Eligible UK Accounts, as applicable.
Subsection 1.1 of the Credit Agreement is hereby amended by deleting the reference to "June 30, 2002" contained in the proviso to the definition of "Eligible U.K. Accounts Receivable" and substituting "June 30, 2006" therefor.
The Eligible US Accounts, Eligible PR Accounts, and Eligible UK Accounts are bona fide existing payment obligations of Account Debtors created by the sale and delivery of Inventory or the rendition of services to such Account Debtors in the ordinary course of the Obligors’ business, owed to the Obligors without any known defenses, disputes, offsets, counterclaims, or rights of return or cancellation.

More Definitions of UK Accounts

UK Accounts means those means all presently existing and hereafter arising accounts, contract rights, payment intangibles, and all other forms of obligations owing to MIVA UK arising out of the sale or lease of goods (including, without limitation, the licensing of software and other technology) or the rendering of services by MIVA UK, whether or not earned by performance, and any and all credit insurance, guaranties, and other security therefor, as well as all merchandise returned to or reclaimed by MIVA UK and MIVA UK’s Books relating to any of the foregoing, that (a) arise in the ordinary course of MIVA UK’s business, (b) are bona fide existing obligations, (c) the property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor, and (d) neither Borrower nor MIVA UK has received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible UK Account.

UK Accounts means the audited accounts for each U.K. Purchased Subsidiary for the accounting period ended on the U.K. Accounts Date.

UK Accounts means the UK Cash Account and the UK Securities Account.

UK Accounts means the Company's or its Subsidiaries' individual accounts (as that term is used in section 226 of the UK Companies Act of 1985) and cash flow statement for the financial year ended December 31, 1998, the auditor's report on those accounts, the directors' report for that year and the notes to those accounts.

UK Accounts means the audited financial statements of each UK Group Company as at and to the UK Accounts Date, comprising the individual accounts of each UK Group Company, and in the case of the Company, the consolidated group accounts of the Company and each of the other Group Companies, including in each case the balance sheet, profit and loss account together with the notes on them, the cash flow statement and the auditors’ and directors’ reports.

UK Accounts means, collectively with respect to the UK Multicurrency Credit Parties, all rights to payment for goods sold or leased or for services rendered or to be rendered by any UK Multicurrency Credit Party, whether or not earned by performance, and all sums of money or other proceeds due or becoming due thereon, including, without limitation, all "accounts" (as defined in the UCC) of the UK Multicurrency Credit Parties, whether secured or unsecured, now existing or hereafter created.

UK Accounts means the accounts of TCFL and any U.K. Subsidiary as at the U.K. Accounts Date.