Common use of Account Verification Clause in Contracts

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 4 contracts

Samples: Loan and Security Agreement (Ashworth Inc), Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (Radiant Logistics, Inc)

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Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, Borrower to verify the validity, amount or any other matter relating to any Accounts of Borrowers Borrower by mail, telephone telephone, telegraph or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Elandia, Inc.), Loan and Security Agreement (Health Systems Solutions Inc), Loan and Security Agreement (Health Systems Solutions Inc)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender’s officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender Lender, or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, electronic communication or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Allied Healthcare Products Inc)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, facsimile transmission or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Black Warrior Wireline Corp), Loan and Security Agreement (Black Warrior Wireline Corp), Loan and Security Agreement (Bayard Drilling Technologies Inc)

Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts of Borrowers any Obligor by mail, telephone telephone, telegraph or otherwise. Borrowers Each Obligor shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Possession Credit Agreement (Peregrine Systems Inc), BMC Software Inc

Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers any Borrower by mail, telephone telephone, telegraph or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Artesyn Technologies Inc), Loan and Security Agreement (Sed International Holdings Inc)

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers Borrower by mail, telephone or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lapolla Industries Inc), Loan and Security Agreement (Lapolla Industries Inc)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Open Plan Systems Inc)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to take reasonable steps to verify the validity, amount or any other matter relating to any Accounts of Borrowers Borrower by mail, telephone verbal or otherwisewritten communications. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Atlantic Coast Airlines Holdings Inc), Loan and Security Agreement (Atlantic Coast Airlines Inc)

Account Verification. Whether or not a Default or an Event of --------------------- Default existshas occurred, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Seranova Inc)

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise; provided, that, unless an Event of Default exists, Lender shall perform any such verification only in conjunction with Borrowers. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Xplore Technologies Corp)

Account Verification. Whether or not a Default or Event of Default exists, the Lender shall have the right at any timetime during normal business hours upon prior written notice to the Borrower, in the name of the Lender, any designee of the Lender or (during the continuance of any Event of Default) the Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers the Borrower by mail, telephone or otherwise. Borrowers The Borrower shall cooperate fully with the Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Kalera Public LTD Co)

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. , provided, that prior to the occurrence of an Event of Default, Lender shall provide notice to Borrowers shall cooperate fully with Lender in an effort prior to facilitate and promptly conclude any such verification processcommencement of Account verifications.

Appears in 1 contract

Samples: Loan and Security Agreement (Wireless Telecom Group Inc)

Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers Borrower by mail, telephone telephone, telegraph or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Funding Agreement (Skye International, Inc)

Account Verification. Whether or not a Default or an Event of Default existshas occurred and is continuing, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Arlo Technologies, Inc.)

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any BorrowerLoan Party, to verify the validity, amount or any other matter relating to any Accounts of Borrowers any Loan Party by mail, telephone or otherwise. Borrowers The Loan Parties shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Craftmade International Inc)

Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, Borrowers to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Cmi Industries Inc)

Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right right, at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers Borrower by mail, telephone verbal or otherwisewritten communications. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Fresh Foods Inc)

Account Verification. Whether or not a Default or an Event of Default exists, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Miltope Group Inc)

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Account Verification. Whether or not a Default or Event of Default exists, the Lender shall have the right at any time, in the name of the Lender, any designee of the Lender or (during the continuance of any Event of Default) any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with the Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Credit and Security Agreement (Mfri Inc)

Account Verification. Whether or not a Default or an Event -------------------- of Default exists, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Master Graphics Inc)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph or otherwise. Borrowers Each Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Eagle Supply Group Inc)

Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, Borrower to verify the validity, amount or any other matter relating to any Accounts Wholesale Receivable of Borrowers such Borrower by mail, telephone telephone, telegraph or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Post Petition Loan and Security Agreement (Insight Health Services Holdings Corp)

Account Verification. Whether or not a Default or an Event of Default exists, Lender shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers any Borrower by mail, telephone telephone, telegraph or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, electronic communication or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (United Industrial Corp /De/)

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Servicesource International, Inc.)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender's officers, employees, or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount amount, or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph, or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and conclude promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Meade Instruments Corp)

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any BorrowerBorrower or Affiliate Guarantor, as the case may be, to verify the validity, amount or any other matter relating to any Accounts of Borrowers Borrower or Affiliate Guarantor by mail, telephone or otherwise. Borrowers Borrower and Affiliate Guarantor shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (First Aviation Services Inc)

Account Verification. Whether or not a Default or an Event of Default existshas occurred, Lender any of Lender's officers, employees or agents shall have the right right, at any timetime or times hereafter, in the name of Lender, any designee of Lender or any 28 Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone telephone, telegraph or otherwise. Borrowers Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

Account Verification. Whether or not a Default or Event of Default exists, the Lender shall have the right at any time, in the name of the Lender, any designee of the Lender or (during the continuance of any Event of Default) any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone or otherwise. Borrowers shall cooperate fully with the Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Credit and Security Agreement (Katy Industries Inc)

Account Verification. Whether or not a Default or Event of Default exists, Lender shall have the right at any time, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers Borrower by mail, telephone or otherwise. Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Volt Information Sciences, Inc.)

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