Approved Obligor

Approved Obligor. In Section 1.1 of the Existing Agreement shall be amended by adding the following proviso immediately preceding the period at the end thereof: "; provided, that Honeywell Elster Solutions, LLC and Honeywell Elster American Meter shall be deemed to be Approved Obligors with respect to those Receivables that arise under a Contract between a Seller and Honeywell Elster Solutions, LLC or Honeywell Elster American Meter 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 Honeywell Elster Solutions, LLC or Honeywell Elster American Meter, respectively, and Honeywell International, Inc. View More