Common use of Eligible Accounts Receivable Clause in Contracts

Eligible Accounts Receivable. Eligible Accounts Receivable include all of my Accounts Receivable that are and continue to be acceptable to you in all respects. Criteria for eligibility may be revised by you at any time. Eligible Accounts Receivable exclude all of the following Accounts Receivable: the entire balance of any Accounts Receivable that has been due and owing for more than 90 days from the invoice dates; all of the remaining Accounts Receivable owed by an Account Debtor when this Account Debtor is overdue on one account; and those which you in your sole discretion disqualify as an Eligible Account. Except in such case where Accounts Receivable are disqualified in relation to payments not received within 90 days of the invoice date, Lender shall provide written notification to Borrower prior to revising the criteria for eligibility, or prior to otherwise disqualifying Accounts Receivable.