Examples of Eligible Account in a sentence
As to each Account that is identified by Administrative Borrower as an Eligible Account in a borrowing base report submitted to Agent, such Account is not excluded as ineligible by virtue of one or more of the excluding criteria set forth in the definition of Eligible Accounts.
Without limiting the foregoing, any Account identified by a Borrower as an Eligible Account that is owing by the United States, or any department, agency or instrumentality of the UnitedStates (i) arises under a contract that does not prohibit the assignment thereof, (ii) arises under a contract that specifies payments totaling $1,000 or more, and(iii) has been assigned to Agent in compliance with the Assignment of Claims Act, 31 U.S.C. § 3727.
In addition to Clause 13 of Part A of these EB Services Terms and Conditions, we may, without notice, immediately cease to make PayNow and/or any PayNow QR Code available to you in any of the following circumstances:(a) if you cease to hold an Eligible Account with us;(b) if we cease to be a Participating Bank of PayNow; and/or(c) if any Service Provider ceases or suspends the provision of PayNow and/or PayNow QR Code.