Account Warranties and Representations Sample Clauses

Account Warranties and Representations. Each Borrower warrants and represents to Agent and each Lender that such Agent and such Lender may rely on all statements, warranties and representations made by such Borrower on or with respect to any Accounts and Inventory Report and, unless otherwise indicated in writing by such Borrower, that:
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Account Warranties and Representations. Borrower warrants and represents that Lender may rely, in determining which Accounts listed on any Accounts Report of Borrower are Eligible Accounts of Borrower, without independent investigation, on all statements, warranties and representations made by Borrower on or with respect to any such Accounts Report and, unless otherwise indicated in writing by Borrower, that:
Account Warranties and Representations. With respect to its Accounts, Borrower represents and warrants to Lender that Lender may rely, in determining which Accounts listed on any Schedule of Accounts are Eligible Accounts, on all statements or representations made by Borrower on or with respect to any such Schedule of Accounts, and, unless otherwise indicated in writing by Borrower, that each Account listed on the Schedule of Accounts: (a) will cover a bona fide sale and delivery of Inventory usually dealt in by Borrower, or the rendition by Borrower of services, to an Account Debtor in the ordinary course of business; (b) will be genuine and in all respects what it purports to be, will not be evidenced by an instrument or document, or if so, will be only evidenced by one original instrument or document which has been duly delivered to Lender; (c) will be for a liquidated amount maturing as stated in the Schedule of Accounts and in the duplicate invoice covering said sale; (d) Lender's security interest therein will not be subject to any offset, deduction, counterclaim, lien or other adverse condition; (e) there are no discounts, allowances, claims, setoffs, counterclaims or disputes of any kind or description existing or asserted with respect thereto except as may be stated in the Schedule of Accounts and in the duplicate invoice covering said sale; (f) there are, to Borrower's knowledge, no facts, events or occurrences which would in any way impair the validity or enforcement thereof; (g) the goods giving rise thereto are not, and were not at the time of the sale thereof, subject to any lien, claim, encumbrance or security interest except those held by Lender and Permitted Liens; and (h) to Borrower's knowledge, each Person obligated on an Account is Solvent and will continue to be fully able to pay all Accounts on which it is obligated in full when due. If any warranty is breached as to any Account, or if any Account is not paid in full within ninety (90) days after its due date or one hundred twenty (120) days after its invoice date, then Lender may deem such Account to be an ineligible Account, but Lender shall retain its security interest in all Accounts, eligible and ineligible, until all Obligations to Lender have been paid and satisfied in full.
Account Warranties and Representations. With respect to its accounts, the Grantor warrants and represents to the Secured Parties that the Secured Parties may rely on all statements or representations made by Grantor on or with respect to any Schedule of Accounts prepared and delivered by it and that:
Account Warranties and Representations. With respect to its Accounts, Pledgor warrants and represents to the Secured Party and the Lenders that they may rely on all statements or representations made by Pledgor on or with respect to any Schedule of Accounts prepared and delivered by Pledgor and, unless otherwise indicated in writing by Pledgor, that:
Account Warranties and Representations. With respect to its Accounts, each Grantor warrants and represents to the Agent for the benefit of the Lenders that the Agent and each Lender may rely on all statements or representations made by such Grantor on or with respect to any Schedule of Accounts prepared and delivered by it and that:
Account Warranties and Representations. With respect to its Accounts, Borrower Group warrants and represents to Lender that Lender may rely, in determining which Accounts listed on any Schedule of Accounts and/or Borrowing Base Certificate are Qualified Accounts, on all statements or representations made by Borrower Group on or with respect to any such Schedule and, unless otherwise indicated in writing by Borrower Group, that:
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Account Warranties and Representations. With respect to its Accounts, each Grantor warrants and represents to the Collateral Agent for the benefit of the Purchasers that the Collateral Agent for the benefit of the Purchasers may rely on the following representations made by such Grantor and on representations made on any Schedule of Accounts prepared and delivered by it:
Account Warranties and Representations. Borrower hereby warrants and represents to Bank, that Bank may, in determining which Accounts listed on or included or reflected in any borrowing certificate or report of Accounts are Eligible Accounts, rely on all statements or representations made by Borrower on or with respect to any such Certificate or report and, unless otherwise indicated in writing by Borrower, that:
Account Warranties and Representations. With respect to its Accounts, each Grantor warrants and represents to the Secured Parties that they may rely on all statements or representations made by such Grantor on or with respect to any Schedule of Accounts prepared and delivered by it and that:
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