Eligible Accounts Receivable Sample Clauses

Eligible Accounts Receivable. The aggregate of the unpaid portions of ---------------------------- Accounts Receivable (net of any credits, rebates, offsets, holdbacks or other adjustments or commissions payable to third parties that are adjustments to such Accounts Receivable) (a) that the Borrower reasonably and in good faith determines to be collectible; (b) that are with account debtors or other obligors that (i) are not Affiliates of the Borrower, (ii) purchased or licensed the goods or services giving rise to the relevant Account Receivable in an arm's length transaction, (iii) are not insolvent or involved in any case or proceeding, whether voluntary or involuntary, under any bankruptcy, reorganization, arrangement, insolvency, adjustment of debt, dissolution, liquidation or similar law of any jurisdiction and (iv) are, in the Agent's reasonable judgment in accordance with standard commercial practices, creditworthy; (c) that are in payment of obligations that have been fully performed, do not consist of progress billings or bill and hold invoices and are not subject to dispute or any other similar claims that would reduce the cash amount payable therefor; (d) that are not subject to any pledge, restriction, security interest or other lien or encumbrance other than those created by the Loan Documents; (e) in which the Agent has a valid and perfected first priority security interest; (f) that are not outstanding for more than ninety (90) days past the earlier to occur of (i) the date of the respective invoices therefor and (ii) the date of shipment thereof in the case of goods or the end of the calendar month following the provision thereof in the case of services, unless the Agent in its discretion approves an extension of such time period; (g) that are not due from an account debtor or other obligor located in Minnesota unless the Borrower (i) has received a certificate of authority to do business and is in good standing in such state or (ii) has filed a notice of business activities report with the appropriate office or agency of such state for the current year; (h) that are not due from any single account debtor or other obligor if more than twenty percent (20%) of the aggregate amount of all Accounts Receivable owing from such account debtor or other obligor would otherwise not be Eligible Accounts Receivable; (i) that are payable in Dollars; (j) that are not payable from an office outside of the United States, Puerto Rico or Canada unless the Agent in its reasonable discret...
Eligible Accounts Receivable. Each Receivable that Borrower represents or warrants the Agent to be an Eligible Account Receivable in each Borrowing Base Certificate or other certification delivered by Borrower to the Agent pursuant to this Agreement will be, as of the date so certified, an Eligible Account Receivable unless the Agent shall in its sole discretion determine such Receivable to be ineligible.
Eligible Accounts Receivable. The product of the Advance Percent multiplied by the aggregate amount of the German Borrower’s Eligible Accounts Receivable; minus
Eligible Accounts Receivable. The product of the Advance Percent (as defined below in this definition) multiplied by the aggregate amount of all Eligible Accounts Receivable; plus
Eligible Accounts Receivable. Seller shall be entitled to a credit ---------------------------- in an amount equal to (i) ninety percent (90%) of the face amount of all Eligible Accounts Receivable that are thirty (30) or fewer days past due as of the Closing Date, (ii) sixty percent (60%) of the face amount of all Eligible Accounts Receivable that are more than thirty (30) but fewer than sixty (60) days past due as of the Closing Date, and (iii) zero percent (0%) of the full amount of Eligible Accounts Receivable that are sixty (60) or more days past due as of the Closing Date, it being understood and agreed that all amounts owed by customers shall be discounted by the percentage discount applicable to the most aged Eligible Account Receivable attributable to such customer. "Eligible Accounts Receivable" shall mean accounts receivable resulting from Seller's provision of cable television service prior to the Closing Date to the Systems' subscribers. For purposes of making "past due" calculations under this paragraph, the monthly billing statements of Seller shall be deemed to be due and payable on the first day of the period during which the service for which such billing statements relate is provided.
Eligible Accounts Receivable. Total Accounts Receivable per attached aging of same date as this report hereof less: Accounts more than 90 days from date of invoice less: Credits aged greater than 90 days from date of invoice and included above less: Accounts ineligible due to 10% taint less: That portion of Accounts due from any Account Debtor that exceed 30% of Total Accounts Receivable less: Accounts due from any Account Debtor that is a shareholder, partner or related party of Borrower less: Rebate Accruals and Credit/Return Reserves less: Accounts due from any Account Debtor located outside the continental United States of America less: Accounts for which Borrower is liable to Account Debtor for goods sold or services provided by Account Debtor less: Other ineligible accounts per Credit Agreement TOTAL ELIGIBLE ACCOUNTS RECEIVABLE: $
Eligible Accounts Receivable. Seller shall be entitled to a ---------------------------- credit in an amount equal to (i) ninety percent (90%) of the face amount of all Eligible Accounts Receivable that are thirty (30) or fewer days past due as of the Closing Date, (ii) sixty percent (60%) of the face amount of all Eligible Accounts Receivable that are more than thirty (30)
Eligible Accounts Receivable. The term “Eligible Accounts Receivable” shall mean an account arising in the ordinary course of Debtor’s business which meets each of the following requirements:
Eligible Accounts Receivable. With respect to the Borrower, the aggregate of the unpaid portions of Accounts Receivable (net of any contra accounts, credits, rebates, offsets, holdbacks or other adjustments or commissions payable to third parties that are adjustments to such Accounts Receivable) of the Borrower, except any Account Receivable to which any of the exclusionary criteria set forth below applies. The Administrative Agent shall have the right to establish, modify or eliminate Reserves against Eligible Accounts Receivable from time to time in its reasonable credit judgment. In addition, the Administrative Agent reserves the right, at any time and from time to time after the Closing Date, to adjust any of the criteria set forth below and to establish new criteria, in its reasonable credit judgment, reflecting changes in the collectibility or realization values of such Accounts Receivable arising or discovered by the Administrative Agent after the Closing Date, subject to the approval of the Required Lenders in the case of adjustments or new criteria which have the effect of making additional credit available hereunder. Eligible Accounts Receivable shall not include any Account Receivable if:
Eligible Accounts Receivable. Accounts receivable aged 90 days or less.