Common use of Claims of Debtors on the Collateral Clause in Contracts

Claims of Debtors on the Collateral. All account debtors and other obligors whose debts or obligations are part of the Collateral have no right to setoffs, counterclaims or adjustments, and no defenses in connection therewith.

Appears in 11 contracts

Samples: Security Agreement (Axis Technologies Group Inc), Security Agreement (Tri-S Security Corp), Security Agreement (Florida Public Utilities Co)

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Claims of Debtors on the Collateral. All To the best of Debtor's knowledge, all account debtors and other obligors whose debts or obligations are part of the Collateral have no right to setoffs, counterclaims or adjustments, and no defenses in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (Medical Technology Systems Inc /De/)

Claims of Debtors on the Collateral. All To the knowledge of the Borrower, account debtors and other obligors whose debts or obligations are part of the Collateral have no right to setoffs, counterclaims or adjustments, and no defenses in connection therewith.

Appears in 1 contract

Samples: Loan Agreement (Opnet Technologies Inc)

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Claims of Debtors on the Collateral. All To the best of Debtor’s knowledge, all account debtors and other obligors whose debts or obligations are part of the Collateral have no right to setoffs, counterclaims or adjustments, and no defenses in connection therewith.

Appears in 1 contract

Samples: Security Agreement (Apollo Resources International Inc)

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