Cross Aging Rule Sample Clauses
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Cross Aging Rule. Accounts due Borrower or Guarantor from an Account Debtor which has twenty-five percent (25%) (upon notice, such other percentage as Lender, in its discretion, shall determine), or more of its total aggregate Accounts more than ninety (90) days past the original invoice date. None of the Account’s Debtor’s Accounts shall thereafter be Eligible Accounts, until such time, if any, as the Lender may, in its sole discretion, determine that the Account Debtor’s percentage of past due Accounts has been satisfactorily reduced or eliminated.
Cross Aging Rule. Should any Account due Borrower from an Account Debtor have 50% (upon notice, such other percentage as Bank in its discretion shall determine) or more of their total aggregate Accounts aged in excess of the Eligibility Period, then all Accounts from such Account Debtor shall be deemed ineligible.
Cross Aging Rule. Should any Account Debtor (other than a Designated Extended Terms Account Debtor) have 50% or more, or should any Designated Extended Terms Account Debtor have 25% or more (or, upon notice by Bank to Borrower, such other percentage as Bank in its discretion shall determine with respect to any Account Debtor) of its total aggregate Accounts aged in excess of the applicable Eligibility Period, then all Accounts from such Account Debtor shall be deemed ineligible.
Cross Aging Rule. Any Accounts due Borrowers from an Account Debtor which also has 50 % or more of the total aggregate Accounts aged at ninety (90) days or more from the original invoice date shall render Accounts from such Account from Account Debtor ineligible.