Export Receivables definition

Export Receivables means all amounts due to the Borrower or the Importer from Eligible Off-takers for sales of Goods under Off-take Contracts.

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Export Receivables has the meaning set forth in Section 8.15.

Export Receivables means the receivables of the Borrower due from the Obligor from time to time in connection with Export Contract.

Examples of Export Receivables in a sentence

The parties hereby agree that a “Trigger Event” shall occur if the Off-taker shall fail to generate the Periodic Coverage Amount with respect to an Interest Period from Export Receivables for any two consecutive Interest Periods or for any three non-consecutive Interest Periods during the term of this Agreement.
Any subsequent failure to generate the Periodic Coverage Amount with respect to any Interest Period from Export Receivables after the occurrence of a Trigger Event shall constitute an Event of Default.
By executing and delivering this notice, the Buyer further confirms to the Collateral Agent that the Buyer has not received any prior notice of any other assignment of the Export Receivables and has not previously agreed to make payments in respect of the Export Receivables to any party except pursuant to arrangements that have been revoked or released by the parties hereto.
Without limiting the generality of the foregoing, so long as the Collateral Agent shall be entitled under this Article III to make collections in respect of the Collateral, the Collateral Agent shall have the right and power to receive, endorse and collect all checks and other instruments made payable to the order of the Grantors representing any payment or other distribution in respect of the Collateral (including the Export Receivables) or any part thereof and to give full discharge for the same.
No Collateral other than Export Receivables and Export Inventory which satisfy the eligibility requirements contained in paragraphs (a) and (b) above shall have a value for purposes of determining the amount of the Available Commitment from time to time.

More Definitions of Export Receivables

Export Receivables means the receivables, moneys and other proceeds generated by the export, delivery or sale of Products by the Borrower under the Export Contracts.

Export Receivables has the meaning assigned to it in the EXIMBANK Financing Documents.

Export Receivables means all account receivables arising out of any Export Agreement.

Export Receivables means all amounts due to the Borrower from Eligible Off-takers for Shipments made.

Export Receivables means all Receivables, other than Excluded Export Receivables, arising from (i) the sale of Copper (which is produced at any of the Principal Properties or the SX/EW Facility from copper mined or leached at any

Export Receivables has the meaning set forth in Section 8.15. “Exporters” means each of Gerdau, Gerdau Açominas S.A., Gerdau Aços Longos S.A., Gerdau Aços Especiais S.A. and Gerdau Comercial de Aços S.A. “Family” means, collectively, the members of the Gerdau Johannpeter family, and their lineal descendants, and trusts that are exclusively for the benefit of any of the foregoing (provided that any of the foregoing has the right to control such trust). “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. “Fee Letter” means the letter agreement, dated as of August 24, 2007, among the Joint Lead Arrangers, the Administrative Agent, the Collateral Agent, Gerdau and Ameristeel providing for the payment of fees to the Administrative Agent, the Collateral Agent and the Joint Lead Arrangers in connection herewith (it being understood that, notwithstanding anything herein to the contrary, no Person other than the Joint Lead Arrangers, the Administrative Agent, the Collateral Agent, Gerdau and Ameristeel shall have any rights with respect thereto, including any right to receive a copy thereof). “Fees” means each of the fees specified in Article III. “GAAP” means, with respect to (a) annual financial statements delivered by the Guarantors, US GAAP, (b) all other financial statements delivered by the Guarantors (except Ameristeel), Brazilian GAAP, and (c) all financial statements delivered by Ameristeel or the Borrowers, US GAAP. Gerdau Export and Working Capital Agreement

Export Receivables means Receivables the Obligor of which is not a resident of the United States or any political subdivision thereof or a corporation or other business entity organized under the laws of the United States or any political subdivision thereof.