Approved Obligor definition

Approved Obligor means each Obligor listed on Schedule A, as the same may be updated from time to time in accordance with Sections 14.21 and 14.22.

Approved Obligor means each Person which the Agent has notified the Borrower in writing from time to time constitutes an "Approved Obligor" for the purposes of this Agreement. As of the Closing Date, each of Costco Wholesale Corporation, Sam's Club and Best Buy Co., Inc. constitutes an Approved Obligor.

Approved Obligor means each Obligor listed on Schedule A, as such list may be amended from time to time to add or delete any Obligor as mutually agreed in writing by the Seller Representative and the Purchaser.

Examples of Approved Obligor in a sentence

• The parties hereto agree that the Seller Representative’s obligation to pay the Aggregate Unreimbursed Purchase Discount is not credit recourse for any failure of an Approved Obligor to pay the full outstanding balance of any Purchased Receivable, but rather is an obligation to reimburse the Administrative Agent and the Purchasers for electing not to deduct the Purchase Discount from the Purchase Price with respect to the applicable Purchased Receivables for the purpose of administrative convenience.

• What is the lesser duty rule?To impose anti-dumping measures, there needs to be proven dumping from a third country and proven injury for EU industry with a causal link between them.

• In the event that the Administrative Agent elects to retain ownership of any Eligible Unbilled Receivable after the Termination Date or the revocation of the Purchasers’ approval of any Approved Obligor pursuant to Section 14.22, the Seller Representative shall promptly (and in any event, within five (5) Business Days) issue an Invoice for any such retained Eligible Unbilled Receivable.

• It is likely that without the author’s previous experiences as a trainer on this course, access to this sensitive environment would not have been granted.

• From time to time during the term of this Agreement, the Seller Representative may request that one or more account debtors be added as an additional Approved Obligor under this Agreement.

More Definitions of Approved Obligor

Approved Obligor means each of Ford Motor Company, General Motors Corporation, Daimler Chrysler Corporation, New Venture Gear, Caterpillar Corporation and the wholly-owned Subsidiaries of each of the foregoing.

Approved Obligor appearing in Section 1.1 of the Loan Agreement is amended in its entirety to be and to read as follows: "Approved Obligor" shall mean each of Ford Motor Company, General Motors Corporation, Daimler Chrysler Corporation, New Venture Gear, Caterpillar Corporation and the wholly-owned Subsidiaries of each of the foregoing.

Approved Obligor means an Obligor that, on the date of determination, (1) has a long term credit rating of at least “BB” from S&P or at least “Ba2” from Xxxxx’x or (2) is otherwise acceptable to the Administrative Agent.

Approved Obligor means each of General Motors Corporation, ---------------- Daimler Chrysler A.G. and Ford Motor Corporation, in each case so long as S&P's or Xxxxx'x lowest published debt rating for its outstanding long-term unsecured debt issues is not worse than BBB- or Baa3, respectively, and any additional Approved Obligor included from time to time on Schedule IV by mutual agreement ----------- of the Transferor and the Agent with the consent of the Majority in Interest.

Approved Obligor means each of Seller's customers approved by Purchaser as of the Closing Date and every other customer who is approved by Purchaser thereafter pursuant to Section 6.02 of the Receivables Purchase Agreement.

Approved Obligor means each Obligor listed on Schedule A, as such list may be amended from time to time to add or delete any Obligor as mutually agreed in writing by the Seller Representative and the Purchaser; provided, that (i) each Approved Honeywell Subsidiary Obligor shall be deemed to be an Approved Obligor with respect to those Receivables that arise under a Contract between a Seller and such Approved Honeywell Subsidiary Obligor for which Honeywell International, Inc. is obligated to pay all amounts owing on such Receivable in accordance with the terms of such Contract, and, for all purposes hereunder, the Approved Obligors with respect to such Receivables shall be both the applicable Approved Honeywell Subsidiary Obligor and Honeywell International, Inc., and (ii) each Approved Abbott Subsidiary Obligor shall be deemed to be an Approved Obligor with respect to those Receivables that arise under a Contract between a Seller and such Approved Abbott Subsidiary Obligor for which Xxxxxx Laboratories is obligated to pay all amounts owing on such Receivable in accordance with the terms of such Contract, and, for all purposes hereunder, the Approved Obligors with respect to such Receivables shall be both the applicable Approved Abbott Subsidiary Obligor and Xxxxxx Laboratories.

Approved Obligor means each Obligor listed on Schedule A, as such list may be amended from time to time to add or delete any Obligor as mutually agreed in writing by the Sellers and the Purchaser. “Approved Obligor Adjustment Rate” means, for each Approved Obligor, the percentage set forth under the heading “Approved Obligor Adjustment Rate” for such Approved Obligor on Schedule A, as adjusted from time to time, based on the dilution history of the Receivables of such Approved Obligor, as mutually agreed in writing by the applicable Seller and the Purchaser. 163908148