Excluded Receivables

Example Definitions of "Excluded Receivables"
Excluded Receivables. Each of the Secured Parties hereby authorizes the Administrator, and the Administrator, hereby agrees, promptly upon written request from the Borrower to execute and deliver to the Borrower such UCC termination statements or other documents as may be necessary as reasonably determined by Borrower to terminate, on behalf of itself and the Secured Parties, the security interest in and Adverse Claim upon any Excluded Receivable held by the Administrator, for the benefit of the Secured Parties, all... at the Borrower's expense. View More
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