Export Receivable definition

Export Receivable means any receivable, or similar right to receive payment by the Borrower, arising from a duly performed export activity, due by an offtaker which is not subject to Sanctions and arising from the sale of Goods (including under a spot sale) by the Borrower to such offtaker, in free and immediately available Foreign Currency, and which is not subject to any constraint by any Governmental Authority or by lien or encumbrance (other than in connection with any Finance Document).

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Export Receivable means a Receivable created under a Supply Contract governed by English law, expressed in an Approved Currency, and evidenced by an Invoice addressed to a Debtor outside the United Kingdom;

Export Receivable means any money due to an eligible Connecticut based manufacturer for merchandise sold or leased or services performed under an export contract.

Examples of Export Receivable in a sentence

Notwithstanding compliance with the above-described eligibility requirements, no Export Receivable which the Bank or EXIMBANK, in their reasonable judgment, deem uncollectible for any reason shall have Collateral Value for purposes of determining the amount of the Available Commitment from time to time.
As part of this requirement, ASI shall be obligated to maintain information supporting the use of each Loan advance, each Letter of Credit issued hereunder and supporting the satisfaction of all eligibility requirements by each Export Receivable and item of Export Inventory to which Collateral Value is attributable under SECTION 5.3 hereof.
Any Export Receivable or Export Inventory which subsequently fails to satisfy any of the eligibility requirements set forth in this Section shall immediately cease to have any value for purposes of determining the amount of the Available Commitment from time to time.
Upon the sale, shipment or other disposition of any item of Export Inventory, such item of Export Inventory shall cease to have Collateral Value as Export Inventory; however, the resulting Export Receivable shall have Collateral Value provided that it otherwise satisfies all of the eligibility criteria for Export Receivables described above.
This agreement, the Export Receivable Rider and any concurrent or subsequent written supplements thereto or amendments thereof signed by both of Factor and Client, represent the entire understanding of the parties and supersede all *** Portion for which confidential treatment requested.

More Definitions of Export Receivable

Export Receivable means any Receivable the Obligor of which is an Eligible Foreign Obligor; provided, that no UK Receivable, the Obligor of which is a resident of England, shall be an Export Receivable.

Export Receivable means a Receivable evidenced by an Invoice addressed to a Debtor outside the UK and/or in respect of which payment is to originate from outside the UK and which is payable in an Approved Currency. General Conditions Section

Export Receivable means any Receivable the Obligor of which is an Eligible Foreign Obligor.