Common use of Eligible Accounts Clause in Contracts

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 28 contracts

Samples: Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (AmpliTech Group, Inc.), Loan Agreement (Torotel Inc)

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Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 13 contracts

Samples: Business Loan Agreement (Better Choice Co Inc.), Business Loan Agreement (Torotel Inc), Business Loan Agreement (Dougherty's Pharmacy, Inc.)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, Eligible Accounts do not include:

Appears in 6 contracts

Samples: Business Loan Agreement (Ocean Bio Chem Inc), Business Loan Agreement (Mammoth Energy Partners LP), Business Loan Agreement (Mammoth Energy Partners LP)

Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, Eligible Accounts do not include:

Appears in 5 contracts

Samples: Business Loan Agreement (Addvantage Technologies Group Inc), Business Loan Agreement (Sielox Inc), Loan Agreement (Versant Corp)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account Accounts against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, Eligible Accounts do not include:

Appears in 3 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account Accounts against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 2 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. , Unless otherwise agreed to by Lender in In writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:: SIXTH MODIFICATION TO THE LOAN AGREEMENT

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Eligible Accounts. The words "Eligible Accounts" mean at any timelime, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, . Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (Black Mountain Holdings, Inc.)

Eligible Accounts. The words "Eligible Accounts” mean " mean, at any time, all of Borrower’s Accounts 's accounts which contain selling terms and conditions acceptable to Lender. The net Lender and in which Lender has a first lien security interest, less the amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless ; provided, however, unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Loan Agreement (Zila Inc)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, . Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (TGC Industries Inc)

Eligible Accounts. The words “Eligible Accounts” mean mean, at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, credits and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Loan Agreement (Isecuretrac Corp)

Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in Xxxxxx In writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (Gse Systems Inc)

Eligible Accounts. The words "Eligible Accounts” mean " mean, at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Loan Agreement (R B Rubber Products Inc)

Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable acceptab!e to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Loan Agreement (Addvantage Technologies Group Inc)

Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (Elecsys Corp)

Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. , The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (Titan Energy Worldwide, Inc.)

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Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s Borrowers’ Accounts which contain selling terms and conditions reasonably acceptable to Lender. The net amount of any Eligible Account against which Borrower Borrowers may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Loan and Security Agreement (Telanetix,Inc)

Eligible Accounts. The words "Eligible Accounts” mean " mean, at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net Lender and in which Lender has a first lien security interest, less the amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless ; provided, however, unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Loan Agreement (Zila Inc)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions The acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Xxxxxx in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (LiveOne, Inc.)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. , The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (TX Holdings, Inc.)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed agree to by Lender Xxxxxx in writing, . Eligible Accounts accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (Versant Corp)

Eligible Accounts. The words “Eligible Accountsmean at any time, all of Borrower’s Accounts and Guarantor’s Accounts which contain selling terms and conditions acceptable to LenderLender and solely for reporting purposes, the Accounts of Surge Component Limited. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (Surge Components Inc)

Eligible Accounts. The words “Eligible Accounts” mean mean, at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Loan Agreement (Synergetics Usa Inc)

Eligible Accounts. The words “Eligible Accounts” mean at any time, all of Borrower’s Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, credits and offsets of any nature. Unless otherwise agreed to by Lender in writing, . Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender Lxxxxx in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (FGI Industries Ltd.)

Eligible Accounts. The words "Eligible Accounts" mean at any time, all of Borrower’s 's Accounts which contain selling terms and conditions acceptable to Lender. The net amount of any Eligible Account against which Borrower may borrow shall exclude all ail returns, discounts, credits, and offsets of any nature. Unless otherwise agreed to by Lender in writing, Eligible Accounts do not include:

Appears in 1 contract

Samples: Business Loan Agreement (Paneltech International Holdings, Inc.)

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