Export Account definition

Export Account means an Account arising under an Export Contract, whether in the form of an account receivable, note, draft, bank note, acceptance, Letter of Credit (including proceeds of Letters of Credit) or other form of obligation and receivable, now or hereafter existing (including without limitation, an Export Account belonging or owing to the Borrower under any trade name, style or division thereof), arising out of or in connection with the sale or lease of Export Inventory or the rendering of services in connection with the sale or lease of Export Inventory, whether or not earned by performance, and whether or not the same are listed on any schedules, assignments or reports furnished to the Bank from time to time.
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Examples of Export Account in a sentence

  • Each Export Account, at the time it comes into existence, will be a true and correct statement of: (i) the bona fide indebtedness of the Buyer named thereon; and (ii) the amount of the Export Account for such Export Inventory sold and delivered to, or for services performed for and accepted by, such Buyer, net of any charges, adjustments, discounts or other reductions whatsoever.

  • A single order credit approval will be automatically withdrawn: (i) in the event Delivery is not made on or prior to the expiration date indicated on the written single order credit confirmation form ▇▇▇▇▇▇ sends to Client; or (ii) in the event any change is made in the payment terms or delivery date of the Export Account.

  • In the event that ▇▇▇▇▇▇ has remitted the purchase price of an Export Account that is subsequently the subject of a Dispute by a Buyer, then Client shall promptly repay ▇▇▇▇▇▇ the amount of such remittance less all amounts not disputed by the Buyer.

  • Credit approvals will be withdrawn automatically with respect to any Export Account for which Client fails to assign such Export Account to ▇▇▇▇▇▇ within fifteen (15) days of shipment of the goods (but in no event later than 15 days prior to the due date of such Export Account).