Common use of Eligible Receivable Clause in Contracts

Eligible Receivable. Each Receivable included as an Eligible Receivable in the calculation of the Net Receivables Balance, is an Eligible Receivable at the time so included.

Appears in 2 contracts

Sources: Omnibus Amendment (Ingram Micro Inc), Receivables Purchase Agreement (Ingram Micro Inc)

Eligible Receivable. Each Receivable sold hereunder and included as an Eligible Receivable in the calculation of the Net Receivables Balance, Balance is an Eligible Receivable at the each time so included.

Appears in 1 contract

Sources: Receivables Sale Agreement (Ingram Micro Inc)