Applicable Accounts definition

Applicable Accounts means, as at the date of calculation or, as the case may be, in respect of an accounting period, the annual audited consolidated accounts and financial statements of the Group or the quarterly unaudited accounts and financial statements of the Group, in each case, which the Borrower is obliged to deliver to the Agent pursuant to Clause 11.6;

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Applicable Accounts means, in relation to a Compliance Date or an accounting period, the consolidated balance sheets and related consolidated statements of stockholders’ equity, income and cash flows, together with related notes, of the Borrower’s Group set out in the annual financial statements or quarterly financial statements of the Borrower’s Group prepared as of the Compliance Date or, as the case may be, the last day of the accounting period in question (and which the Borrower is obliged to deliver to the Lender pursuant to Clause 10.6 and which accounts are to be prepared in accordance with Clause 10.7);

Applicable Accounts means, in relation to a Compliance Date or an accounting period, the consolidated balance sheets and related consolidated statements of stockholders' equity, income and cash flows of the Group set out in the annual financial statements or interim financial statements of the Group prepared as of the Compliance Date or, as the case may be, the last day of the accounting period in question (and which the Borrower is obliged to deliver to the Agent pursuant to Clause 11.6);

Examples of Applicable Accounts in a sentence

• Other than Applicable Accounts as to which the time limit set forth in the proviso in the immediately preceding sentence has not expired, none of the Loan Parties will deposit or maintain Collateral (including the proceeds thereof) in an Applicable Account that is not subject to a control agreement.

• Subject to Section 8.1.20 [Post-Closing Matters], as of the date hereof, all Applicable Accounts are subject to a valid and perfected first priority security interest in favor of the Collateral Agent and are subject to a Control Agreement.

• As of the date hereof, all Applicable Accounts are subject to a valid and perfected first priority security interest in favor of the Collateral Agent and are subject to a Control Agreement.

• Each Borrower acknowledges that the Applicable Accounts Percentage and the Applicable Inventory Percentage have been established based upon Agent's initial determination of the loan value of each Borrower's Eligible Accounts and Eligible Inventory as of the date of this Agreement.

• The aggregate amount of any Letter of Credit and cash on deposit with respect to the Applicable Accounts shall at all times be as provided pursuant to Sections 7.1(b), 7.2(b).

More Definitions of Applicable Accounts

Applicable Accounts means, in relation to a compliance date or an accounting period, the consolidated balance sheets and related consolidated statements of stockholders' equity, income and cash flows of the Borrower set out in the annual financial statements or interim financial statements prepared as of the compliance date or, as the case may be, the last day of the accounting period in question;

Applicable Accounts means, in relation to a Compliance Date or an accounting period, the consolidated balance sheets and related consolidated statements of stockholders' equity, income and cash flows of the Group set out in the annual financial statements or interim financial statements of the Group prepared as of the Compliance Date or, as the case may be, the last day of the accounting period in question (and which the Borrower is obliged to deliver to the Bank pursuant to Clause 8.01 (a) of this Agreement and which the Guarantor is obliged to deliver to the Bank under Clause 5.01(a) of the Corporate Guarantee);

Applicable Accounts means, as at the date of calculation or, as the case may be, in respect of an Accounting Period, the annual audited or semi-annual unaudited (as the case may be), consolidated financial statements the Guarantor is obliged to deliver to the Agent pursuant to Clause 11.3(a) and (b) of this Guarantee;

Applicable Accounts shall have the meaning set forth in Section 7.10(a).

Applicable Accounts means, in relation to a Compliance Date or an accounting period, the consolidated balance sheets and related consolidated statements of stockholders’ equity, income and cash flows of the Group set out in the annual financial statements or interim financial statements of the Group prepared as of the Compliance Date or, as the case may be, the last day of the accounting period in question (and which the Borrowers are obliged to deliver to the Agent pursuant to Clause 11.6);

Applicable Accounts means the most recent Audited Financial Statements or (as the case may be) Unaudited Financial Statements;

Applicable Accounts has the meaning set forth in Section 9.6(f).