Ineligible Receivable

Ineligible Receivable. Is any accounts receivable: (a) that is unpaid (90) calendar days after the invoice date; or (b) that is owed by an Account Debtor that has filed, or has had filed against it, any bankruptcy case, assignment for the benefit of creditors, receivership, or Insolvency Proceeding or who has become insolvent (as defined in the United States Bankruptcy Code) or who is generally not paying its debts... as they become due; or (c) for which there has been any breach of warranty or representation in Section 6 or any breach of any covenant in this Agreement; or (d) for which the Account Debtor asserts any discount, allowance, return, dispute, counterclaim, offset, defense, right of recoupment, right of return, warranty claim, or short payment. View More

Ineligible Receivable. Means any Receivable that is not an Eligible Receivable.

Ineligible Receivable. Is any Receivable: (a) with regard to any Domestic Receivable, that is unpaid sixty (60) calendar days after the due date of the invoice; or (b) with regard to any Foreign Receivable, that is unpaid ninety (90) calendar days after the due date of the invoice; or (c) that is owed by an Account Debtor that has filed, or has had filed against it, any bankruptcy case, assignment for the benefit of creditors, receivership, or Insolvency Proceeding or who has become... insolvent (as defined in the United States Bankruptcy Code) or who is generally not paying its debts as they become due; or (d) for which there has been any breach of warranty or representation in Section 6 or any breach of any covenant in this Agreement; or (e) for which the Account Debtor asserts any Adjustment in excess of ten percent (10%) of the value of the Receivable. View More