Alternative Accounts definition

Alternative Accounts means, with respect to any fiscal year, the consolidated balance sheet of the Company and the consolidated statements of income and cash flows of the Company for such fiscal year, prepared by an independent accounting firm (appointed by the Board of the Company) in accordance with the Applicable Accounting Standards.
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Examples of Alternative Accounts in a sentence

  • The Transferor is not required to obtain written confirmation from each Rating Agency if the Transferor elects to maintain (x) the number of Eligible Alternative Accounts below the Ten Percent Number Test and (y) the aggregate dollar amount of Eligible Alternative Receivables below the Ten Percent Aggregate Test.

  • Upon satisfaction of the above conditions, CFNA shall execute and deliver the Assignment to the Company, and the Eligible Alternative Receivables from the Eligible Alternative Accounts shall be conveyed to the Company as provided in the Assignment.

  • When either Ten Percent Test has been met, the Transferor must request written confirmation from each Rating Agency that such Rating Agency will not reduce or withdraw its rating on any outstanding Series as a result of the inclusion of additional Eligible Alternative Accounts from a designated Alternative Program and the related Eligible Alternative Receivables.

  • In addition, CFNA may continue to transfer Eligible Alternative Accounts from Non-Designated Alternative Programs, subject to the Ten Percent Maximum Number Test and the Ten Percent Aggregate Test.

  • If the assignment, transfer and conveyance of the Receivables in Eligible Alternative Account is determined to be a sale of general intangibles, then, assuming the applicability of Massachusetts law the Assignment is effective to transfer the Transferor's interest in the Receivables in Eligible Alternative Accounts.

  • Upon satisfaction of the above conditions, the Transferor shall execute and deliver the Assignment to the Trustee, and the Eligible Alternative Receivables from the Eligible Alternative Accounts shall be conveyed to the Trust as provided in the Assignment.

  • The Transferor shall have delivered to the ------------------ Trustee an Opinion of Counsel with respect to the Eligible Alternative Accounts designated hereby substantially in the form of Exhibit F to the --------- Pooling and Servicing Agreement.

  • If the assignment, transfer and conveyance of the Receivables in Eligible Alternative Accounts is determined to be a sale of the Receivables in Eligible Alternative Accounts and such sale is a sale of accounts (as defined in the Code), the Assignment together with the filing of a UCC-1 financing statement with the Secretary of State of the Commonwealth of Massachusetts, is effective to transfer the Transferor's interest therein on the terms and conditions set forth in the Assignment, prior to all liens.

  • The Transferor does -------------------------------------------- hereby deliver herewith a list or computer file containing a true and complete schedule identifying all such Eligible Alternative Accounts specifying for each such Account, as of the Addition Notice Date, its account number.