Foreign Account Debtor

Foreign Account Debtor. Shall mean a person or entity (other than a Foreign Subsidiary) (i) that is obligated to a Borrower or any Foreign Subsidiary under, with respect to, or on account of, an account receivable of (or trade acceptance, chattel paper, promissory note or other instrument owed to or owned by) a Borrower or any Foreign Subsidiary (including without Motorola/PNC Intercreditor Agreement - Page 4 limitation any guarantor of the payment or performance of such account receivable or... instrument), (ii) whose principal place of business is not located in the United States of America and (iii) that (if not a natural person) is not organized under the laws of the United States of America or any political subdivision thereof. View More