Eligible Accounts and Eligible Inventory. All Accounts and Inventory represented by the Borrowers or the Loan Party Representative at any time as being eligible for lending purposes hereunder including, upon each borrowing hereunder, shall constitute Eligible Accounts and Eligible Inventory, respectively.
Eligible Accounts and Eligible Inventory. Section 3.2(a)(i) and Section 3.2(a)(ii) of the Credit Agreement are hereby amended to in their entirety to read as follows:
Eligible Accounts and Eligible Inventory. The Eligible Accounts and Eligible Inventory comprising the Borrowing Base, as represented on the Borrowing Base Certificate delivered on the date hereof, are accurate and correct.
Eligible Accounts and Eligible Inventory. Other than any items which may be deemed ineligible by Agent in the exercise of its reasonable discretion, all of the Eligible Accounts and Eligible Inventory included in the calculation of the Borrowing Base as set forth in each Borrowing Base Certificate now or hereafter furnished to Agent meets, or as of the date stated thereon, will meet all eligibility requirements specified in the definitions of those terms as set forth in Article I hereof.
Eligible Accounts and Eligible Inventory. (a) Based on the most recent Roll Forward Borrowing Base Certificate or Borrowing Base Certificate delivered by the Borrower to the Lender and on other information available to the Lender, the Lender shall determine in its reasonable credit judgment which Accounts shall be deemed to be "Eligible Accounts" for purposes of determining the amounts, if any, to be advanced to the Borrower. In determining whether a particular account constitutes an Eligible Account, the Lender does not intend to include any such Account which does not meet the criteria set forth under the definition of Eligible Accounts on Annex "A". ----- --- The Lender reserves the right, at any time and from time to time after the Closing Date, to adjust any such criteria, to establish new criteria, and to adjust advance rates with respect to Eligible Accounts, in its reasonable credit judgment.
Eligible Accounts and Eligible Inventory. (a) Based on the most recent Roll Forward Borrowing Base Certificate or Borrowing Base Certificate delivered by the Borrower to the Lender and on other information available to the Lender, the Lender shall determine in its reasonable discretion which Accounts shall be deemed to be "Eligible Accounts" for purposes of determining the amounts, if any, to be advanced to the Borrower. In determining whether a particular account constitutes an Eligible Account, the Lender does not intend to include any such Account which does not meet the criteria set forth under the definition of Eligible Accounts on Schedule "1.01" --------------- hereof.
Eligible Accounts and Eligible Inventory. If any of the Cycle Country Iowa Accounts shall have arisen or shall arise out of contracts with the United States or any State, County, City, or other governmental body, or any department, agency or instrumentality thereof, the Cycle Country Iowa will immediately notify the Lender thereof in writing and will execute any instruments and take any action required by the Lender in order that all monies due and to become due under any such contract shall be assigned to the Lender and notice thereof given to any such Account Debtor, as required by applicable law, and the Lender is hereby irrevocably authorized to act as the Cycle Country Iowa agent (and attorney-in- fact) to execute any such instruments and take any such action. Each Account or item of Inventory which the Cycle Country Iowa shall, expressly or by implication, request Bank to classify as an Eligible Account or as Eligible Inventory, respectively, will, as of the time when such request is made, conform in all respects to the requirements of such classification set forth in the respective definitions of "Eligible Account" and "Eligible Inventory" herein.
Eligible Accounts and Eligible Inventory. The Agent shall have the right to determine in its sole discretion whether any Account constitutes an Eligible Account and whether any Inventory constitutes Eligible Inventory.”
Eligible Accounts and Eligible Inventory. Borrowers acknowledge and agree that Accounts and/or Inventory of Mechanical shall not be included with Eligible Accounts or Eligible Inventory unless otherwise consented to by Agent.
Eligible Accounts and Eligible Inventory. Based on the most recent Borrowing Base Certificate delivered by Borrower to Agent and on other information available to Agent, Agent shall, in its reasonable credit judgement, determine which Accounts of the Loan Parties shall be deemed to be "Eligible Accounts" and which Inventory of the Loan Parties shall be deemed to be "Eligible Inventory", for purposes of determining the amounts, if any, to be advanced under the Revolving Credit Loan. Agent reserves the right at any time and from time to time after the Closing Date, in the exercise of its reasonable credit judgment:
