Eligible Foreign Accounts

Example Definitions of "Eligible Foreign Accounts"
Eligible Foreign Accounts. Accounts with respect to which the account debtor does not have its principal place of business in the United States and that (i) are supported by one or more letters of credit in an amount and of a tenor, and issued by a financial institution, acceptable to Senior Lender, (ii) covered in full by credit insurance satisfactory to Senior Lender, less any deductible, or (iii) that Senior Lender has approved on a case-by-case basis. Lender hereby approves Perkins Engines Company Limited as an... "Eligible Foreign Account" for all purposes under the Agreement View More
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