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i~. time to time solely by Congress in its exclusive reasonable judgment. In determining eligibility, Congress may, but need not, rely on agings, reports and schedules of Accounts furnished by Borrower, but reliance by Congress thereon from time to time shall not be deemed to limit Congress' right to revise standards of eligibility at any time as to both present and future Accounts. In general, an Account shall not be deemed eligible unless: (a) the Account Debtor on such Account is and at all time continues to be acceptable to Congress, (b) such Account complies in all respects with the representations, covenants and warranties set forth herein and in the Accounts Agreement, and (c) no more than sixty (60) days have elapsed since the due date of such Account but in no event more than one hundred twenty (120) days from the invoice date thereof. 1.9 "Event of Default" shall have the meaning set forth in Section 4 of this Covenant Supplement. 1.10 "Financing Order" shall mean the Interim Order Authorizing Financing, Granting Senior Liens and Super Priority Administrative Expense, Modifying Automatic Stay and Authorizing Debtors to Enter Into and Assume Agreements with Congress Financial Corporation (Western) of the United States Bankruptcy Court for the District of Utah dated November _, 1990 in the Chapter it Case and such further interim, permanent and/or supplemental orders relating thereto or authorizing the granting of credit by Congress to Borrower pursuant to Section 364 of the Bankruptcy Code, each in form and substance satisfactory to Congress. 1.11 "Guarantors" shall mean, individually and collectively, Pueblo Railroad Service Company, a Colorado corporation, Colorado & Utah Land Company, a Delaware corporation, Kansas Metals Company, a Delaware corporation, Albuquerque Metals Company, a Delaware corporation, Denver Metals Corporation, a Delaware corporation, Pueblo Metals Company, a Delaware corporation, CFiI Fabricators of Utah, Inc., a Colorado corporation and CF&Z Fabricators of Colorado, Inc., a Colorado corporation, each as Debtor and Debtor-in-Possession and their respective successors and assigns (including any trustee or other fiduciary hereafter appointed as a legal representative of any of such corporations or with respect to the property of the estate of any of them, whether under Chapter 11 of the Bankruptcy Code or any subsequent Chapter 7 case or cases and the successor of any of them upon conclusion of their respective Chapter 11 cases). 1.12 "GAAP' shall mean generally accepted accounting principles as in effect on the date hereof consistently applied. 1.13 'Indebtedness" shall mean, as to any Person, all items which, in accordance with GAAP, would be included in determining total liabilities shown on the liability side of its balance sheet as at the date such indebtedness is to be calculated and, in any -3-