Common use of Bona Fide Eligible Accounts Clause in Contracts

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. Each Eligible Account has arisen from a bona fide completed sale of goods or performance of services, which goods or services have been delivered to, or performed for, and in either case accepted by, the account debtor. Borrower has not received notice of an actual or imminent Insolvency Proceeding of any account debtor for any Account which is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Ardent Software Inc)

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Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. Each The service or property giving rise to such Eligible Account Accounts has arisen from a bona fide completed sale of goods been performed or performance of services, which goods delivered to the account debtor or services have been delivered to, or performed for, to the account debtor's agent for immediate shipment to and in either case accepted by, unconditional acceptance by the account debtor. Borrower has not received notice of an or actual or imminent Insolvency Proceeding Proceedings of any account debtor for any Account which is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Vista Information Solutions Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. Each The service or property giving rise to such Eligible Account Accounts has arisen from a bona fide completed sale been performed or delivered (or in the case of goods or performance of certain services, which goods is obligated to be performed) to the account debtor or services have been delivered to, or performed for, to the account debtor's agent for immediate shipment to and in either case accepted by, unconditional acceptance by the account debtor. Borrower has not received notice of an actual or imminent Insolvency Proceeding of any account debtor for any Account which is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Speechworks International Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. Each The property giving rise to such Eligible Account Accounts has arisen from a bona fide completed sale of goods or performance of services, which goods or services have been delivered to, to the account debtor or performed for, to the account debtor's agent for immediate shipment to and in either case accepted by, unconditional acceptance by the account debtor. Borrower has not received notice of an actual or imminent Insolvency Proceeding of any account debtor for any Account which is included in any Borrowing Base Certificate as an Eligible Accountdebtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Photon Dynamics Inc)

Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. Each The service or property giving rise to such Eligible Account Accounts has arisen from a bona fide completed sale of goods been performed or performance of services, which goods delivered to the account debtor or services have been delivered to, or performed for, to the account debtor's agent for immediate shipment to and in either case accepted by, unconditional acceptance by the account debtor. Borrower has Borrowers have not received notice of an actual or imminent Insolvency Proceeding of any account debtor for any Account which is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Isky Inc)

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Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. Each Eligible Account has arisen from a bona fide completed sale of goods goods, or the performance of services, which goods or services have been delivered to, or performed for, for and in either case any of the foregoing cases accepted by, the account debtor. Borrower has not received notice of an actual or imminent Insolvency Proceeding of any account debtor for any Account which is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Mti Technology Corp)

Bona Fide Eligible Accounts. The Eligible Accounts are bona --------------------------- fide existing obligations. Each The service or property giving rise to such Eligible Account Accounts has arisen from a bona fide completed sale of goods been performed or performance of services, which goods delivered to the account debtor or services have been delivered to, or performed for, to the account debtor's agent for immediate shipment to and in either case accepted by, unconditional acceptance by the account debtor. Borrower has not received notice of an actual or imminent Insolvency Proceeding of any account debtor for any Account which is whose accounts are included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Manhattan Associates Inc)

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