Eligible Accounts and Eligible Acquired Accounts of the Borrower then
outstanding for all Account Debtors and BSD Account Debtors.
"Concentration Account Debtor": at any time, any Account Debtor or BSD Account
Debtor obligated to Borrower with respect to, or on account of, a Concentration
"Copyrights": (i) all copyrights arising under the laws of the United States,
any other country or any political subdivision thereof, whether registered or
unregistered and whether published or unpublished (including, without
limitation, those listed in Attachment B), all registrations and recordings
thereof, and all applications in connection therewith, including, without
limitation, all registrations, recordings and applications in the United States
Copyright Office, and (ii) the right to obtain all renewals thereof.
"Credit Line": as defined in Section 2.1.
"Daisytek": shall mean Daisytek, Inc.
"Daisytek Stock Purchase Agreement": shall mean the Stock Purchase Agreement
dated September 25, 2001 among Daisytek, the Borrower, and PFS.
"Default": either (1) an Event of Default or (2) any event or condition which,
but for the requirement that notice be given or time lapse or both, would be an
Event of Default.
"Delinquency Fee Rate": as defined on Attachment A.
"Deposit Account": a demand, time, savings, passbook, or similar account
maintained with a bank.
"Domestic Subsidiary": a Subsidiary of any Loan Party that is incorporated in
the United States or in the District of Columbia.
"Eligible Accounts": as defined in Section 3.1(A).
"Eligible Acquired Accounts": as defined in Section 3.1(B).
"Environmental Laws": all statutes, laws, judicial decisions, regulations,
ordinances, and other governmental restrictions relating to pollution, the
protection of the environment, occupational health and safety, or to emissions,
discharges or release of pollutants, contaminants, hazardous substances or
wastes into the environment.
"Environmental Liability": any claim, demand, obligation, cause of action,
allegation, order, violation, injury, judgment, penalty or fine, cost or
expense, resulting from the violation or alleged violation of any Environmental
Laws or the imposition of any Lien pursuant to any Environmental Laws.
"Equity Interests": with respect to any Person, means (a) all shares, interests,
participations, rights or other equivalents (however designated, whether voting
or non-voting) of or interests in corporate or capital stock, including, without
limitation, shares of preferred or preference stock of such Person, (b) all
partnership interests (whether general or limited) of such Person, (c) all
membership interests or limited liability company interests in such Person, (d)
all other equity or ownership interests in such Person of any other type and (e)
all warrants, rights or options to purchase any of the foregoing.
"ERISA": the Employee Retirement Income Security Act of 1974, as amended, or any
"Event of Default": as defined in Section 9.1.
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