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 (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.
Sample 1
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.
Sample 1

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 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.

  • 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.

  • Each Acceptance when created hereunder is an Eligible Acceptance.


More Definitions of Eligible Acceptance

Eligible Acceptance. Eligibility Certificate", "Draft" and "Notice of Acceptance" in their entirety.
Sample 1
Eligible Acceptance means an Acceptance (a) for which the Letter of Credit Issuer is not required to maintain reserves under Regulation D of the Federal Reserve Board or under any applicable law, and (b) which, in the sole judgment of the Letter of Credit Issuer, is eligible for discount by Federal Reserve Banks.
Sample 1
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: (a) The original stated maturity of the account is not more than 90 days after the invoice date thereof, and the account (regardless of its stated maturity date) does not remain unpaid more than 90 days after such invoice date. (b) The account arose from the performance of services or an outright sale of goods by Borrower, such goods have been shipped to the account debtor, and Borrower has possession of, or has delivered to Bank. shipping and delivery receipts evidencing such shipment or performance of services.
Sample 1

Related to Eligible Acceptance

  • Confirmation of Acceptance shall have the meaning specified in paragraph 2B(5).

  • Eligible applicant means a school district, joint

  • Commitment and Acceptance is defined in Section 2.18(b).

  • Date of Acceptance means the date, which appears on the Notice of Acceptance and if no date appears is the date on which the Principal sent the Notice of Acceptance accepting the Contractor’s Tender.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit F or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • Notice of Acceptance means the written notification and any accompanying documentation sent to the Consultant by the Principal advising acceptance of its Tender to provide the Services under the Contract.

  • Letter of Acceptance means the letter of formal acceptance, signed by the contractor. Procuring Entity, including any annexed memoranda comprising agreements between and signed by both Parties.

  • Eligible Aircraft has the meaning set forth in the second recital to the Note Purchase Agreement.

  • Eligible bidder means a person who is:

  • Eligible advance means an advance made before August 19, 1993.

  • Assignment and Acceptance means an assignment and acceptance entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.

  • Eligible Account Receivable means an Account Receivable owing to the Company or any Domestic Subsidiary which meets the following requirements:

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

  • Conditional Acceptance means a conditional acceptance by the Liquidity Provider of an extension of the Scheduled Termination Date.

  • Eligible area means a distressed area, a labor surplus area, an inner city area, or a situational distress area.

  • Assignment and Acceptance Agreement means an assignment and acceptance agreement entered into by a Lender, an Eligible Assignee and the Administrative Agent, and, if required, the Borrower, pursuant to which such Eligible Assignee may become a party to this Agreement, in substantially the form of Exhibit C hereto.

  • Final Acceptance means final written acceptance of all the Work by the Commissioner, a copy of which shall be sent to the Contractor.

  • Eligible LC Bank means either a U.S. commercial bank, or a foreign bank issuing a Letter of Credit through its U.S. branch; and in each case the issuing U.S. commercial bank or foreign bank must be acceptable to Buyer in its sole discretion and such bank must have a Credit Rating of at least: (a) “A-, with a stable designation” from S&P and “A3, with a stable designation” from Moody’s, if such bank is rated by both S&P and Moody’s; or (b) “A-, with a stable designation” from S&P or “A3, with a stable designation” from Moody’s, if such bank is rated by either S&P or Moody’s, but not both, even if such bank was rated by both S&P and Moody’s as of the date of issuance of the Letter of Credit but ceases to be rated by either, but not both of those ratings agencies.

  • Eligible Accounts means Accounts which arise in the ordinary course of Borrower’s business that meet all Borrower’s representations and warranties in Section 5.3. Bank reserves the right at any time after the Effective Date to adjust any of the criteria set forth below and to establish new criteria in its good faith business judgment. Unless Bank otherwise agrees in writing, Eligible Accounts shall not include:

  • Eligible Account Holder means any Person holding a Qualifying Deposit on the Eligibility Record Date for purposes of determining Subscription Rights and establishing subaccount balances in the liquidation account to be established pursuant to Section 15 hereof.

  • Competitive Bid Accept/Reject Letter means a notification made by the Borrower pursuant to Section 2.03(d) in the form of Exhibit D-4.

  • Alternative Bid means a response to a bid that does not meet the exact requirements of the specification but offers an alternative for consideration. An alternative bid is submitted with an intentional variation to a provision, specification, term or condition of the solicitation. This alternative, in the opinion of the bidder, achieves the same end result. Alternative bids may be rejected as non-responsive.

  • Discount Prepayment Accepting Lender has the meaning set forth in Section 2.05(a)(v)(B)(2).