Qualified Account

Qualified Account. Any deposit account of the US Borrower or any Domestic Subsidiary in which the Administrative Agent has a perfected first priority security interest, in each case on terms and conditions satisfactory to the Administrative Agent.

Qualified Account. Section 6(k) of the Loan Agreement is hereby amended and restated in its entirety as follows: "(k) The account, when aggregated with all of the accounts of that account debtor and their respective Affiliates does not exceed fifteen percent (15%) of the then aggregate of all accounts (or (i) thirty percent (30%) for account debtor Waupaca Foundry and (ii) twenty-five percent (25%) for account debtor Versatile Processing Group)."