Tooling Accounts definition

Tooling Accounts means either Automotive Accounts or Non-Automotive Accounts arising of Tooling Inventory.
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Tooling Accounts means any Account arising from the obligation of an Account Debtor to reimburse a Borrower for the costs to such Borrower of manufacturing tooling to be used by such Borrower to manufacture Inventory to be sold to that Account Debtor.
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Tooling Accounts means Accounts representing amounts owed for the design and/or manufacture of prototype or finished tooling or molds and/or rendition of services relating thereto.
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Examples of Tooling Accounts in a sentence

  • U.S./European Tooling Vendor Reserve: the aggregate amount of reserves, as established by Agent from time to time in its Permitted Discretion to reflect the reasonably anticipated liabilities in respect of the then outstanding amounts owing to all tooling vendors with respect to the tooling giving rise to Eligible Tooling Accounts of the U.S./European Facility Loan Parties.

  • Notwithstanding anything to the contrary set forth in the Loan Agreement, all Accounts at any time owing by GM Parties or Chrysler Parties shall not be deemed “Eligible Accounts” except for Tooling Accounts owing by GM Parties or Chrysler Parties which Lender determines meet the criteria for “Eligible Accounts” set forth in the Loan Agreement.

  • Further, in respect of Tooling Accounts, no Tooling Account shall be an Eligible Account to the extent it has not been approved in accordance with the standard procedures for parts approval.

  • Notwithstanding the foregoing, in no event may the maximum amount of availability under the U.S. Borrowing Base and the Canadian Borrowing Base resulting from the inclusion of Eligible Tooling Accounts exceed $30,000,000 in the aggregate.

  • Borrowers wish to take part in the Auto Supplier Program and sell to GM Purchaser (as defined below) and Chrysler Purchaser (as defined below) certain Accounts (other than Tooling Accounts) owing by GM Parties (as defined below) and Chrysler Parties (as defined below).

  • Canadian Tooling Vendor Reserve: the aggregate amount of reserves, as established by Agent from time to time in its Permitted Discretion to reflect the reasonably anticipated liabilities in respect of the then outstanding amounts owing to all tooling vendors with respect to the tooling giving rise to Eligible Tooling Accounts of the Canadian Domiciled Loan Parties.