Eligible Wireless Receivables Sample Clauses

Eligible Wireless Receivables. All of the Accounts owned by each Credit Party and properly reflected as “Eligible Wireless Receivables” in the most recent Borrowing Base Certificate delivered by the Borrower to Agent shall be “Eligible Wireless Receivables” for purposes of this Agreement, except any Account to which any of the exclusionary criteria (without duplication) set forth below applies. Agent, at the direction of the Required Lenders, shall have the right to establish, modify or eliminate Reserves against Eligible Wireless Receivables from time to time in itsthe Required Lenders’ Permitted Discretion. “Eligible Wireless Receivables” means, without duplication of any Eligible Trade Receivable or Eligible Credit/Debit Card Receivable, an Account (consisting of commissions, residuals and other funds) owing to a Credit Party from a Specified Wireless Provider (net of any unapplied cash or payments thereon) that arises in the ordinary course of business from the sale of goods or rendition of services under a Wireless Carrier Contract, which have been earned by performance and is payable in Dollars other than: