Affiliated Account Debtors definition

Affiliated Account Debtors means, as of any date of determination, all Account Debtors as of such date that are Affiliates of one another.
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Affiliated Account Debtors means, with respect to an Account Debtor, an Affiliate of such Account Debtor which is also an Account Debtor.
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Affiliated Account Debtors means, with respect to any Account Debtor, any other Account Debtor who, to the best of the Chief Financial Officer’s knowledge (including after written notice thereof from the Administrative Agent), controls, is controlled by, or is under common control with, such Account Debtor. For purposes of this definition, the meaning of “control” (including, with correlative meanings, “controlled by” and “under common control with”) is limited to the direct or indirect legal or beneficial ownership of more than fifty percent (50%) of the voting control or equity interests of an Account Debtor or an Affiliated Account Debtor. Agent Account has the meaning set forth in the Guaranty and Collateral Agreement.
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Examples of Affiliated Account Debtors in a sentence

  • As of any date upon which an Advance is outstanding, permit there to be less than seven (7) different Account Debtors owing under Eligible Notes Receivable as of such date (with Affiliated Account Debtors being treated as one Account Debtor for purposes of this Section 7.17(a)).

  • As of any date upon which an Advance is outstanding, permit there to be less than seven (7) different Account Debtors owing under Eligible Note Receivables as of such date (with Affiliated Account Debtors being treated as one Account Debtor for purposes of this Section 7.16(a)).


More Definitions of Affiliated Account Debtors

Affiliated Account Debtors means, with respect to any Account Debtor, any other Account Debtor who, to the best knowledge of the chief financial officer (including after written notice thereof from the Administrative Agent), controls, is controlled by, or is under common control with, such Account Debtor. For purposes of this definition, the meaning of “control” (including, with correlative meanings, “controlled by” and “under common control with”) is limited to the direct or indirect legal or beneficial ownership of more than fifty percent (50%) of the voting control or equity interests of an Account Debtor or an Affiliated Account Debtor.
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Related to Affiliated Account Debtors

  • Account Debtor means any Person obligated on an Account.

  • Excluded Accounts means any deposit account or securities account used exclusively as (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) escrow, fiduciary or trust accounts, (d) zero balance accounts and (e) the funds or other property held in or maintained in any such account identified in clauses (a) through (d).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Credit Card Account means the Account of the Cardmember opened with Maybank for the purpose of this Agreement;

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Credit Card Receivables means each “payment intangible” (as defined in the UCC) together with all income, payments and proceeds thereof, owed by a Credit Card Issuer or Credit Card Processor to a Loan Party resulting from charges by a customer of a Loan Party on credit or debit cards issued by such Credit Card Issuer in connection with the sale of goods by a Loan Party, or services performed by a Loan Party, in each case in the ordinary course of its business.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Credit Card Issuer means any Person (other than a Loan Party) who issues or whose members issue credit cards or debit cards, including, without limitation, MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc., Visa, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Xxxxx Xxxxxxx and other non-bank credit or debit cards, including, without limitation, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. or Discover Financial Services, Inc.

  • Account Data means: any business contact information provided with the Account; RingCentral-generated logs of calling or other metadata developed or collected in the provision of the Services; configuration data; and records of Digital Lines and any Services purchased under this Agreement.