Eligible Foreign Receivables definition
Eligible Foreign Receivables means Receivables arising from Borrower's customers located outside the United States which Coast otherwise approves for borrowing in its sole and absolute discretion. Without limiting the foregoing, Coast will consider the following in determining the eligibility of such receivables:
Eligible Foreign Receivables means Receivables arising from Borrower's customers located outside the United States and Canada which Coast otherwise approves for borrowing in its sole and absolute discretion. Without limiting the foregoing, Coast will consider the following in determining the eligibility of such receivables:
Eligible Foreign Receivables means those Receivables of any UK Borrowing Base Company or Dutch Borrowing Base Company that are Eligible Receivables.
Examples of Eligible Foreign Receivables in a sentence
As of the Closing Date, no Loan Party has any letter of credit rights securing the payment of Eligible Receivables or Eligible Foreign Receivables, as applicable.
More Definitions of Eligible Foreign Receivables
Eligible Foreign Receivables means Accounts payable in a currency other than Dollars or Canadian Dollars or arising out of sale to debtors outside of the United States and Canada which in each case are acceptable to the Collateral Agent in its Credit Judgment.
Eligible Foreign Receivables means and include with respect to each Borrower, each Receivable of such Borrower, which, but for its failure to satisfy the requirements of clause (f) of the definition thereof, would otherwise be an Eligible Receivable.
Eligible Foreign Receivables means and include with respect to each Borrower, each Receivable received from a Person headquartered in or formed under the laws of a country other than the United States, arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Foreign Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed an Eligible Foreign Receivable unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Foreign Receivable if any of the items listed in parts (a) through (q) of the definition of “Eligible Domestic Receivable” shall apply to such Receivable.
Eligible Foreign Receivables means the gross outstanding balance, less all financial charges, late fees and other fees which are unearned, and less reserves for doubtful accounts determined in accordance with GAAP, of trade accounts receivable arising out of sales of goods or performance of services, in the ordinary course of business, by any of the Foreign Subsidiaries of the Company, provided that no account will be treated as an Eligible Foreign Receivable if:
Eligible Foreign Receivables means each Receivable of a Borrower arising in the Ordinary Course of Business that would qualify as an Eligible Receivable but for clause (g) of the definition of “Eligible Receivables” and is (a) credit insured (the insurance carrier, amount and terms of such insurance shall be reasonably acceptable to Agent and shall name Agent as beneficiary or loss payee, as applicable) (b) supported by other credit support, including, without limitation, letters of credit, reasonably acceptable to Agent.
Eligible Foreign Receivables means each Receivable which satisfies the definition of Eligible Receivables, except for clause (f) thereof provided such Receivable arises from a sale or provision of services to a Customer which is located in Canada or Mexico provided that no Receivable arising from a sale to a Customer located in Canada who remits payment to an account maintained in Canada shall be deemed an Eligible Foreign Receivable until such time as the applicable Borrowers have either delivered a deposit account control agreement in form and substance satisfactory to Agent with respect to each of such Borrower’s deposit accounts maintained in Canada, or caused such accounts to be maintained with the Agent in Canada.
Eligible Foreign Receivables means Receivables which are due from any customer located outside the United States of America and which otherwise meet the criteria for Eligible Receivables.