Eligible Export-Related Accounts Receivable definition

Eligible Export-Related Accounts Receivable means Export-Related Accounts Receivable which are acceptable to Lender and which are deemed to be eligible pursuant to the Loan Documents, but in no event shall Eligible Export-Related Accounts Receivable include any Account Receivable:

Eligible Export-Related Accounts Receivable is defined in the EXIM Borrower Agreement.

Eligible Export-Related Accounts Receivable means any Accounts which (a) arise as a result of the export sale of Items, (b) are eligible for insurance under the Ex-Im Bank Short-Term Comprehensive Insurance Program but are not insured due to policy limitations, (c) are not more than 60 days past due, and (d) are not supported by sight drafts or letters of credit. In no event will Eligible Export-Related Accounts Receivable include (i) any Accounts Receivable of the types described in paragraphs (a) through (bb) of the definition of Eligible Export-Related Accounts Receivable in the Borrower Agreement or (ii) any Accounts Receivable of any single Buyer whenever the portion of the Accounts Receivable of such Buyer which have not been paid within sixty (60) days from the due date is in excess of 50% of the total amount outstanding on all Accounts Receivable payable by such Buyer.

Examples of Eligible Export-Related Accounts Receivable in a sentence

• In determining the Export-Related Borrowing Base, Borrower shall exclude therefrom Inventory which are not Eligible Export-Related Inventory or Eligible Export-Related Overseas Inventory and Accounts Receivable which are not Eligible Export-Related Accounts Receivable or Eligible Export-Related Overseas Accounts Receivable.

• In determining the Export-Related Borrowing Base, Borrower shall exclude therefrom Inventory which is not Eligible Export-Related Inventory and Accounts Receivable which are not Eligible Export-Related Accounts Receivable.

• Borrower shall promptly, but in any event within five (5) Business Days, notify Lender (a) if any then existing Export-Related Inventory no longer constitutes Eligible Export-Related Inventory or (b) of any event or circumstance which to Borrower's knowledge would cause Lender to consider any then existing Export-Related Accounts Receivable as no longer constituting an Eligible Export-Related Accounts Receivable.

• In determining the Export- Related Borrowing Base, Borrower shall exclude therefrom Inventory which are not Eligible Export-Related Inventory or Eligible Export-Related Overseas Inventory and Accounts Receivable which are not Eligible Export-Related Accounts Receivable or Eligible Export- Related Overseas Accounts Receivable.

• Borrower shall promptly, but in any event within five (5) Business Days, notify Lender (a) if any then existing Export-Related Inventory no longer constitutes Eligible Export-Related Inventory or (b) of any event or circumstance which to Borrower’s knowledge would cause Lender to consider any then existing Export-Related Accounts Receivable as no longer constituting an Eligible Export-Related Accounts Receivable.

More Definitions of Eligible Export-Related Accounts Receivable

Eligible Export-Related Accounts Receivable has the meaning set forth in Borrowers’ Ex-Im Agreement, but in no event will include any Eligible Foreign Accounts or Accounts that are insured or payable by a letter of credit, unless otherwise agreed to in writing by the Agent and the respective Borrowers.

Eligible Export-Related Accounts Receivable means, collectively, all “Eligible Export-Related Accounts Receivables” of the Ex-Im Borrowers as defined in the Ex-Im Subfacility Credit Agreement.

Eligible Export-Related Accounts Receivable means Export-Related Accounts Receivable of the Loan Parties meeting all of the following criteria as of the date of any determination of Eligible Export-Related Accounts Receivable:

Eligible Export-Related Accounts Receivable shall also mean any account receivable of the Loan Parties that is approved in writing by the Bank and Ex-Im Bank. The Bank and Ex-Im Bank have specifically approved as Eligible Export-Related Accounts Receivable those receivables due from the Eligible Joint Ventures arising from xxxxxxxx to Durrat and Diyaar, provided that payments by Durrat and Diyaar to the Eligible Joint Ventures are remitted to the Cash Collateral Account in accordance with the requirements of Section 8.7. As used in this definition, “Letter of Credit” shall mean an irrevocable letter of credit subject to the XXX 000, xxxxxxx xx xxx Xxxxxx Xxxxxx or at the issuing bank and issued for the benefit of the Borrower on behalf of a Buyer in connection with the purchase of Items. The value of each Eligible Export-Related Accounts Receivable shall be, at the date of determination thereof, the aggregate face amount of such Eligible Export-Related Accounts Receivable less taxes, discounts, credits, allowances and Retainages, except to the extent otherwise permitted by the Bank in writing.

Eligible Export-Related Accounts Receivable shall have the meaning set forth in the Exim Borrower Agreement.

Eligible Export-Related Accounts Receivable means and include, each Export-Related Account Receivable (excluding any Export-Related Overseas Accounts Receivable) of a Borrower denominated in Dollars or in an Approved Ex-Im Currency arising in the Ordinary Course of Business and which Agent, in its Permitted Discretion, shall deem to be an Eligible Export-Related Account Receivable, based on such considerations as Agent may from time to time deem appropriate. In addition, no Receivable shall be an Eligible Receivable if:

Eligible Export-Related Accounts Receivable shall have the meaning given to such term in the Borrower Agreement.