Eligible Acceptance definition

Eligible Acceptance means any Acceptance (i) against the liability for which the Issuing Bank which created such Acceptance is not required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System in effect from time to time, or under any other law or regulation, and (ii) which is eligible for discount by Federal Reserve Banks.
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Eligible Acceptance means an acceptance (i) against the liability -------- ---------- for which the Bank is not required to maintain reserves under Regulation D of the Board of Governors of the Federal Reserve System in effect from time to time, or under any other law or regulation, and (ii) which is eligible for discount by Federal Reserve Banks. "Eligible Domestic Accounts Receivable" means an account receivable -------- -------- -------- ---------- owing to the Borrower which met the following specifications at the time it came into existence and continues to meet the same until it is collected in full: (
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Eligible Acceptance. Eligibility Certificate", "Draft" and "Notice of Acceptance" in their entirety.
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Examples of Eligible Acceptance in a sentence

  • Each Acceptance when created hereunder will be an Eligible Acceptance.

  • The aggregate amount of Revolving Advances made to Borrower against Eligible Acceptance Receivables shall not exceed in the aggregate, at any one time outstanding, the sum of $2,000,000 less the aggregate advances outstanding against Eligible Export-Related Acceptance Receivable Value under the Ex-Im Credit Agreement.

  • The aggregate amount of Revolving Advances made to Borrowers against Eligible Acceptance Receivables shall not exceed in the aggregate, at any one time outstanding, the sum of $2,000,000 less the aggregate advances outstanding against Eligible Export-Related Acceptance Receivables Value under the Ex-Im Credit Agreement.

  • Each Acceptance when created hereunder is an Eligible Acceptance.


More Definitions of Eligible Acceptance

Eligible Acceptance means an Acceptance (a) which complies with the requirements for eligibility set forth in Section 13 of the Federal Reserve Act and with applicable regulations of the Board governing bankers' acceptances, (b) against the liability for which a bank is not required to maintain reserves under Regulation D of the Board in effect from time to time, or under any law or regulation, and (c) which is eligible for discount by Federal Reserve Banks.
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Eligible Acceptance means an Acceptance (A) with respect to which Lender is not required to maintain any reserve under Regulation D or any law or regulation amending or replacing Regulation D (by reason of ss.2.04(a) (1) (vii) (E) of Regulation D or any provision amending or replacing such provision), and (B) which is eligible for discount by Federal Reserve Banks under paragraph 7 of ss.13 of the Federal Reserve Act, 12 U.S.C. ss.372, or any law or regulation amending or replacing such law, in either case as such law or regulation may be interpreted from time to time by the Board of Governors of the Federal Reserve System or its staff or the staff of any Federal Reserve Bank.
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