Approved Debtor definition

Approved Debtor means each Person listed as an Approved Debtor on Schedule 5 hereto.
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Approved Debtor means each Person listed on the Approved Debtor Certificate, excluding any Approved Debtor removed therefrom pursuant to the terms of Section 23 hereof and including any Debtor reinstated therein as an Approved Debtor pursuant to the terms of Section 23 hereof.
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Approved Debtor means a Debtor from any one of the Approved Countries and which is approved by ECGC for the purpose of cover under this Agreement upon receipt of application from the Insured and whose name and other particulars are included for the time being in the ‘Schedule of Approved Countries and Approved Debtors’ ;
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Examples of Approved Debtor in a sentence

  • Each Purchased Receivable is generated from a sale to an Approved Debtor and shall be freely assignable and shall constitute amounts due and payable by the Debtor on the relevant Maturity Date (which shall not exceed 90 days from the earliest of (i) the date of sale or (ii) dispatch of the goods by the Company) and each Contract, Purchased Receivable and Invoice complies in all material respects with all applicable laws and regulations.

  • The aggregate of the Funded Amount of the Receivables referred to in the Portfolio Report (after giving effect to such purchase) as of the applicable Settlement Date will not exceed (i) the Agreement Amount or (ii) with respect to an Approved Debtor, the Debtor Sublimit.

  • If all or part of any such payment is the consideration for a taxable supply or chargeable with Indirect Tax then, when you or the Approved Debtor make the payment you must pay, and ensure the Approved Debtor pay, us an additional amount equal to that payment (or part) multiplied by the appropriate rate of Indirect Tax.

  • We will promptly provide to you or the Approved Debtor as the case may be a tax invoice complying with the relevant law relating to that Indirect Tax.

  • At any time after the applicable Removal Date for a Debtor that was once an Approved Debtor and prior to the Termination Date, so long as no Termination Event has occurred, the Company may reinstate such Debtor as an “Approved Debtor” in the Approved Debtor Certificate by delivery to the Bank of written notice of such request, which notice shall set forth the date on which such Debtor shall become an “Approved Debtor”, which date shall be no earlier than ten days after the date such notice was delivered.

  • Each Purchased Receivable is generated from a sale to an Approved Debtor and shall be freely assignable and shall constitute amounts due and payable by the Debtor on the relevant Maturity Date (which shall not exceed 120 days from the earliest of (i) the date of sale or (ii) dispatch of the goods by the Company) and each Contract, Purchased Receivable and Invoice complies in all material respects with all applicable Laws.

  • Upon any such removal or reinstatement of an Approved Debtor, a corresponding reduction or reinstatement, as applicable, shall be made to the related Debtor Sublimit; provided, however, that with respect to any reinstatement of the related Debtor Sublimit, such Debtor Sublimit shall not be reinstated in an amount greater than the Debtor Sublimit in effect on the applicable Removal Date.

  • Section 4.1(h) shall be amended and restated to read in its entirety as follows: (h) As of such Settlement Date, solely with respect to any Committed Purchase, such Receivables shall be required to be purchased only with respect to any Approved Debtor the ultimate parent of which has public debt ratings equal to or exceeding BBB- and Baa3 by Standard & Poor’s Ratings Services and Moody’s Investor Service, respectively.

  • As of the date of the sale of such Purchased Receivable to the Bank, neither the Company nor, to the actual knowledge of the Company, any Approved Debtor, is insolvent nor has any insolvency or bankruptcy event occurred with respect to the Company or such Debtor, nor is the Debtor past due under any payment obligation to the Company with respect to any related Purchased Receivable nor has the Debtor rescheduled or extended the Maturity Date of any such Purchased Receivable.

  • The exclusive list of Approved Debtors and the respective Credit Limits approved and available on each one of them as on the date of Approved Countries and Approved Debtors Once the Approved Debtor is sanctioned by ECGC, it is the duty of the Insured to ensure that the Client is routing all the invoices raised on Approved Debtor through the Insured and not through any other Bank/Institution/Factor with respect to the concerned Approved Debtor.


More Definitions of Approved Debtor

Approved Debtor means a person obliged to make payment under, or who is indebted under, a Receivable as notified by you and approved by us from time to time.
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Related to Approved Debtor

  • Approved Entity means a body corporate which, on the occurrence of the Takeover Event, has in issue Approved Entity Shares.

  • Approved Vendor means a person who has been approved for inclusion on an approved vendor list through the approved vendor list process.

  • approved person means, in respect of a member (Member) of the Investment Industry Regulatory Organization of Canada (IIROC), an individual who is a partner, director, officer, employee or agent of a Member who is approved by IIROC or another Canadian SRO to perform any function required under any IIROC or other Canadian SRO by-law, rule, or policy;

  • Approved Contractor means an “Approved Contractor” specified in the Key Details.

  • Approved Dealer means (a) in the case of any Portfolio Investment that is not a U.S. Government Security, a bank or a broker-dealer registered under the Securities Exchange Act of 1934 of nationally recognized standing or an Affiliate thereof, (b) in the case of a U.S. Government Security, any primary dealer in U.S. Government Securities, and (c) in the case of any foreign Portfolio Investment, any foreign broker-dealer of internationally recognized standing or an Affiliate thereof, in the case of each of clauses (a), (b) and (c) above, as set forth on Schedule 1.01(a) or any other bank or broker-dealer acceptable to the Administrative Agent in its reasonable determination.

  • Approved Lender is defined in Section 12.1.

  • Approved Manager means, in relation to each Ship, Allseas Marine S.A. a corporation organised and existing under the laws of the Republic of Liberia, having its registered office at 00 Xxxxx Xxxxxx, Xxxxxxxx, Xxxxxxx and maintaining a ship management office at Voula Center, Xxxxxxxx Xxxxxx Xxxxxx 000-000, 000 00 Xxxxx, Xxxxxx or any other company which the Agent may, with the authorisation of the Majority Lenders, approve from time to time as the technical and/or commercial manager of a Ship;

  • Approved List means Securities followed by the Global Fundamental Research Group and tracked on the Approved List. Securities may be added, removed, or undergo periodic ratings changes.

  • Approved Claims means complete and timely claims, submitted by Settlement Class Members, that have been approved for payment by the Settlement Administrator.

  • Approved Claim means a Claim Form submitted by a Settlement Class Member that: (a) is submitted timely and in accordance with the directions on the Claim Form and the provisions of the Settlement Agreement; (b) is fully and truthfully completed by a Settlement Class Member with all of the information requested in the Claim Form; (c) is signed by the Settlement Class Member, physically or electronically; and (d) is approved by the Settlement Administrator pursuant to the provisions of this Agreement.

  • VA Approved Lender means a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans.

  • Approved Bank shall have the meaning set forth in the definition of “Cash Equivalents.”

  • Approved Financial Institution means any bank approved by Exchange in accordance with its credit review procedures or policies;

  • Approved Lease means (a) each existing Lease as of the Closing Date as set forth in the Leasing Affidavit and (b) each Lease entered into after the Closing Date in accordance with the terms and conditions contained in Section 9.09 as such leases and related documents shall be Modified as permitted pursuant to the terms of this Agreement.

  • Approved Valuer means a firm of valuers recognized as such by the Income Tax Department and having experience of valuing at least 5 (five) properties exceeding Rs. 100 cr. (Rupees one hundred crore) each in value;

  • Approved Location means (a) a storage terminal or facility located in the United States or Canada owned by the Borrower or a Subsidiary; or (b) other storage location located in the United States or Canada identified by the Borrower by notice to the Administrative Agent for which, if requested by the Administrative Agent, the Borrower has used commercially reasonable efforts to cause the owner, operator or landlord thereof to execute and deliver, a waiver of lien, subordination agreement or similar agreement in form and substance reasonably acceptable to the Administrative Agent with respect to any inventories of Petroleum Products stored at such terminal or facility.

  • Approved Device means a device described in Subsection 20A-21-201(4) used to

  • approved body means an educational establishment or a body that is not conducted for profit.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • CAISO-Approved Meter means any revenue quality, electric energy measurement meter furnished by Seller, that (a) is designed, manufactured and installed in accordance with the CAISO’s metering requirements, or, to the extent that the CAISO’s metering requirements do not apply, Prudent Electrical Practices, and (b) includes all of the associated metering transformers and related appurtenances that are required in order to measure the net electric energy output from the Generating Facility.

  • Approved Deposit Account means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is maintained by any Loan Party with a Deposit Account Bank. “Approved Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing or evidencing such Deposit Account.

  • Approved Source means Cisco or a Cisco authorized reseller, distributor or systems integrator.

  • Approved Replacement means, with respect to a Market Quotation, an entity making such Market Quotation, which entity would satisfy conditions (a), (b), (c) and (d) of the definition of Permitted Transfer (as determined by Party B in its sole discretion, acting in a commercially reasonable manner) if such entity were a Transferee, as defined in the definition of Permitted Transfer.

  • Approved Investor means any institution which has made a Takeout Commitment and has been approved by Buyer and not subsequently disapproved by Buyer.

  • NAIC Approved Bank means a bank that is a bank listed on the most current “List of Qualified U.S. Financial Institutions” approved by the NAIC (the “NAIC Approved Bank List”) (or any branch or related entity of such bank that qualifies as a Qualified U.S. Financial Institution in accordance with the Purposes and Procedures Manual of the NAIC Investment Analysis Office).

  • Approved/Approval means the approval in writing.