Borrower Receivables

Borrower Receivables. Shall mean (i) all account receivables of any Borrower arising out of sales of inventory by such Borrower to any account debtor, (ii) all Collections related to such account receivables, (iii) all books and records and customer lists relating to any of such account receivables, and (iv) all trade acceptances, promissory notes, chattel paper and other instruments, and all supporting obligations and letter-of-credit rights, owed to or owned by such Borrower as a result of or in connection with... sales of inventory by such Borrower to any domestic of foreign account debtor. For the avoidance of doubt, Borrower Receivables shall include, without limitation, any and all Foreign Intercompany Receivables, but Borrower Receivables shall exclude any Foreign Subsidiary Receivables (and any security interest granted by any Foreign Subsidiary to any Borrower therein). View More