Eligible Vendor definition

Eligible Vendor is a vendor of Inventory to a Credit Party that has not diverted, reclaimed or stopped shipment of any Inventory.

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Eligible Vendor means on any date, (i) a Vendor that (a) is the seller of Domestic In-Transit Inventory and the Borrower is not in breach of any of its material obligations to such Vendor, (b) is a seller of Foreign In-Transit Inventory to the Borrower and the purchase price for such Inventory is paid or to be paid pursuant to a documentary Letter of Credit issued by Issuing Bank and the Borrower is not in breach of any of its material obligations to such Vendor, or (c) is a seller of Foreign In-Transit Inventory to the Borrower, such Vendor is not an Affiliate of the Borrower, and the Borrower is not in breach of any of its material obligations to such Vendor.

Eligible Vendor means a person that is any of the following:

Examples of Eligible Vendor in a sentence

Funding Recipient must submit to the City a statement signed by an officer of Funding Recipient identifying the Eligible Vendor that Funding Recipient intends to select, and giving specific reasons for Funding Recipient's selection.
Subject to the provisions of Section 4.01(c), costs paid or incurred by Funding Recipient to any Eligible Vendor that is an Affiliate may be paid with the proceeds of the Funding only to the extent that such costs do not exceed an amount (to be determined by the City, in its reasonable discretion) that would have been paid by Funding Recipient to an unrelated party in an arms length transaction.
The Transaction Documents shall either (A) meet all applicable Eligible Vendor Requirements or (B) solely to the extent the applicable Transaction Document is of a type governed by the Eligible Vendor Requirements, otherwise be reasonably acceptable to the Required Lenders.
Subject to the provisions of Section 4.01(c), costs paid or incurred by Funding Recipient to any Eligible Vendor that is an Affiliate may be paid with the proceeds of the Funding only to the extent that such costs do not exceed an amount (to be determined by DDC, in its reasonable discretion) that would have been paid by Funding Recipient to an unrelated party in an arms length transaction.
Funding Recipient must submit to DDC a statement signed by an officer of Funding Recipient identifying the Eligible Vendor that Funding Recipient intends to select, and giving specific reasons for Funding Recipient's selection.

More Definitions of Eligible Vendor

Eligible Vendor means on any date, a Vendor that (i) is the seller of Domestic In-Transit Inventory and the Borrower is not in breach of any of its material obligations to such Vendor, (ii) is a seller of Foreign In-Transit Inventory to the Borrower and the purchase price for such Inventory is paid or to be paid pursuant to a documentary Letter of Credit issued by Issuing Bank and the Borrower is not in breach of any of its material obligations to such Vendor, or (iii) is a seller of Foreign In-Transit Inventory to the Borrower, such Vendor is not an Affiliate of the Borrower, and the Borrower is not in breach of any of its material obligations to such Vendor.

Eligible Vendor means any legal entity, or their agents or representatives, which may supply goods, works or services to the Organization under the provisions of Manual Section 502 or 507, or an actual or prospective Implementing Partner or other entity, and which has not been included in the Ineligibility List, or if having been included, being duly rehabilitated or exempted.

Eligible Vendor means a person who provides railroad-related

Eligible Vendor means a Vendor which (i) is located in the United States, China or any other country acceptable to the Administrative Agent in its sole discretion, (ii) has received timely payment or performance of all Indebtedness and other obligations at any time owed to it by the Borrowers (whether such Debts or other obligations arise from any such Borrower’s purchase of goods or otherwise), (iii) has not asserted (and has no right to assert) any reclamation, repossession, diversion, stoppage in transit, Lien or title retention rights in respect of such In-Transit Inventory, and (iv) if so requested by Administrative Agent in its sole discretion, has entered into a Vendor Agreement.

Eligible Vendor means a Vendor (a) from whom ▇▇▇▇▇▇▇▇ has purchased Goods for a period of at least 2 years (or such lesser period as agreed to by Lender in its discretion), (b) who is not a Blocked Person, (c) who is located in a jurisdiction that is acceptable to Lender, and (d) who is otherwise acceptable to Lender in its discretion.

Eligible Vendor means an entity that complies with the ITT eligibility requirements and that has passed Chemonics due diligence process.

Eligible Vendor means either (a) a Vendor that is resident in Canada for purposes of the Tax Act that is not exempt from taxation under Part 1 of the Tax Act, or (b) a Vendor that is not resident in Canada for purposes of the Tax Act to whom the Purchased Securities constitute “taxable Canadian property” that is not “treaty-protected property”, as each of those terms as defined in the Tax Act;