Common use of Bona Fide Eligible Accounts Clause in Contracts

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 44 contracts

Samples: Loan and Security Agreement (EverQuote, Inc.), Loan and Security Modification Agreement, Loan and Security Modification Agreement (EverQuote, Inc.)

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Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 42 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement, Loan and Security Agreement (Freemarkets Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 35 contracts

Samples: Loan and Security Agreement (Visioneer Inc), Loan and Security Agreement (N2h2 Inc), Loan and Security Agreement (Resound Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 11 contracts

Samples: Loan and Security Agreement (Villageedocs Inc), Loan and Security Agreement (Cepheid), Loan and Security Agreement (Silicon Image Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 6 contracts

Samples: Loan and Security Agreement (Inktomi Corp), Loan and Security Agreement (Corsair Communications Inc), Loan and Security Agreement (Inktomi Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. No Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 6 contracts

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

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 5 contracts

Samples: Loan and Security Agreement (Silicon Gaming Inc), Loan and Security Agreement (Audible Inc), Loan and Security Agreement (C-Bridge Internet Solutions Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account."

Appears in 2 contracts

Samples: Loan Agreement (Centigram Communications Corp), Loan Agreement (Credence Systems Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.. 5.5

Appears in 2 contracts

Samples: Loan and Security Agreement (Consilium Inc), Loan and Security Agreement (Arthrocare Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona --------------------------- fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Revolving Loan and Security Agreement (Iprint Technologies Inc), Loan and Security Agreement (Onsale Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The services or property and services giving rise to such Eligible Accounts has have been rendered or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Bsquare Corp /Wa), Loan and Security Agreement (Bsquare Corp /Wa)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has have been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Realnetworks Inc), Loan and Security Agreement (Spectrum Global Solutions, Inc.)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor, subject only to usual and customary return rights, or the services giving rise to such Eligible Accounts have been fully performed. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Novatel Wireless Inc), Loan and Security Agreement (Novatel Wireless Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pharmchem Inc), Loan and Security Agreement (Pharmchem Laboratories Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Neither Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Safeguard Scientifics Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The To the Borrower's knowledge, the service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Synchronicity Inc), Loan and Security Agreement (Silknet Software Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Such Borrower has not received written notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (Journey Medical Corp), Loan and Security Agreement (Journey Medical Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has have been delivered or rendered to performed and the account debtor or has an unconditional obligation to the account debtor’s agent pay Borrower for immediate and unconditional acceptance by the account debtorsuch services. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Intellectual Property Security Agreement (Uol Publishing Inc), Loan and Security Agreement (Freeshop Com Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 2 contracts

Samples: Loan and Security Agreement (iSpecimen Inc.), Loan and Security Agreement (Genaissance Pharmaceuticals Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or in the case of services is obligated to be performed, or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Neither Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Open Market Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor or such other Person as may be instructed by account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan Modification Agreement (Alteon Websystems Inc)

Bona Fide Eligible Accounts. The To the best of Borrower's knowledge, the ---- ---------------------------- Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered in all material respects to the account debtor or to the account debtor’s 's agent for immediate and unconditional acceptance by shipment to the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Seachange International Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiodynamics International Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide bone tide existing obligations. The property and services giving rise to such Eligible Accounts has have been delivered or rendered to the account debtor or to the account debtor’s debtor agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account."

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Packaging Assembly Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose Accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Vtel Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is the Accounts of which are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Nuko Information Systems Inc /Ca/)

Bona Fide Eligible Accounts. The Eligible Accounts of such Borrower are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Such Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Icad Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The property and or services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor or as otherwise instructed by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Evolving Systems Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The property and services giving rise to such Eligible Accounts has have been delivered or rendered to performed and the account debtor or has an unconditional obligation to the account debtor’s agent pay Borrower for immediate and unconditional acceptance by the account debtorsuch services. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Pointshare Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtordebtor or as otherwise instructed by Account Debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Cortech Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor Account Debtor or to the account debtorAccount Debtor’s agent for immediate shipment to and unconditional acceptance by the account debtorAccount Debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is Account Debtor whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Odetics Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona --------------------------- fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrower's most recent Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Logicvision Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. , The property and services giving rise to such Eligible Accounts has been delivered or rendered rendered, or contracted for delivery or rendering, to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Concur Technologies Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Egain Communications Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligationsobligations of Borrower's Account Debtors, created by the sale or lease of goods, the licensing of rights, or the rendition of services to Account Debtors in the ordinary course of Borrower's business, and unconditionally owed to Borrower. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor Account Debtor or to the account debtor’s Account Debtor's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible AccountAccount Debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Vans Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.,

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has have been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate and unconditional acceptance by the account debtor. Borrower has not received written notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Tippingpoint Technologies Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The Other than receivables related to maintenance contracts and contracts for professional services, the property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Bladelogic Inc)

Bona Fide Eligible Accounts. The outstanding Eligible Accounts of such Borrower are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has have been delivered or rendered to the account debtor or to the account debtor’s agent or designee for immediate and unconditional acceptance by the account debtor. Such Borrower has not received any notice of actual or imminent Insolvency Proceeding of any account debtor that is liable with respect to any Account of such Borrower that is included in any Borrowing Base Certificate as an Eligible AccountAccount in the most recent Borrowing Base Certificate.

Appears in 1 contract

Samples: Loan and Security Agreement (Orchard Enterprises, Inc.)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received written notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Focus Enhancements Inc)

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Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Such Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible AccountAccount in an amount in excess of $50,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Vaughan Foods, Inc.)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower Bxxxxxxx has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Ammo, Inc.)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Ose Usa Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacific Biometrics Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The property and property, goods, or services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Loudeye Technologies Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. , Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Women Com Networks Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Neither Borrower nor any Subsidiary has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Hie Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.. 5.5

Appears in 1 contract

Samples: Loan and Security Agreement (Scientific Learning Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. No Borrower has not received any notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Visual Networks Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered shipped to the account debtor or to the account debtor’s 's agent for immediate shipment to and in anticipation of unconditional acceptance (subject only to commercially available trade terms and warranties) by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Maxwell Technologies Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligationsobligations of Borrower. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (GigOptix, Inc.)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. No Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Simione Central Holdings Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in Bank’s Factor SQL system (or in any Borrowing Base Certificate delivered by Borrower to Bank) as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Optex Systems Holdings Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower Xxxxxxxx has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the . account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Sagent Technology Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are --------------------------- bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Insolvency. Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Thermatrix Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered in all material respects to the account debtor or to the account debtor’s debtor agent for immediate shipment to and unconditional acceptance by the account debtordebtor (except for inspect and return rights or warranty rights provided by Borrower in the ordinary course of business). Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Matrixone Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.account

Appears in 1 contract

Samples: Loan and Security Agreement (Rf Micro Devices Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Accountdebtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Codexis Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an and Eligible Account.

Appears in 1 contract

Samples: Loan Modification Agreement (Placeware Inc)

Bona Fide Eligible Accounts. The Except as disclosed in the Schedule, the Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate immediate: and unconditional acceptance by the account debtor. Borrower has not not, received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Quovadx Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide --------------------------- existing obligations. The property and or services giving rise to such Eligible Accounts has have been delivered or rendered provided, as applicable, to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Verisity LTD)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The service or property and services giving rise to such Eligible Accounts has been performed or delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Anda Networks Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are ----------------------------- bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan Modification Agreement (Interwoven Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan Agreement (Corvis Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Neither Borrower nor any Subsidiary has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Cardiodynamics International Corp)

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