Account Debtor definition
Account Debtor means any Person obligated on an Account.
Account Debtor means any Person who is or who may become obligated to any Grantor under, with respect to or on account of an Account.
Account Debtor is any “account debtor” as defined in the Code with such additions to such term as may hereafter be made.
Examples of Account Debtor in a sentence
No Loan Party will accept returns of any Inventory from any Account Debtor except in the ordinary course of its business.
If any Grantor should refuse or neglect to notify any Account Debtor to forward payments in accordance with this Section 7.1 after notice from the Administrative Agent, the Administrative Agent shall, notwithstanding the language set forth in Section 6.2(b), be entitled to make such notification directly to such Account Debtor.
All collections and other amounts received by the Loan Parties from any Account Debtor, in addition to all other cash received by the Loan Parties from any other source, shall upon receipt be forwarded to the Lock Box in the form received or deposited into a Blocked Account.
More Definitions of Account Debtor
Account Debtor means a Person who is obligated under an Account, Chattel Paper or General Intangible.
Account Debtor means each Person who is obligated on a Receivable or any Supporting Obligation related thereto.
Account Debtor means the party who is obligated on or under any Account.
Account Debtor means any Person who may become obligated to any Credit Party under, with respect to, or on account of, an Account, Chattel Paper or General Intangibles (including a payment intangible).
Account Debtor means the obligor on an Account.
Account Debtor means a person obligated on an account, chattel paper, or general intangible. The term does not include persons obligated to pay a negotiable instrument, even if the instrument constitutes part of chattel paper.
Account Debtor. Has the meaning given that term in the UCC.