Genuineness. Each Letter of Credit Client presents to Factor naming Client as beneficiary shall be genuine, correct and complete and will not have been drawn against except to the extent stated to Client in writing at the time of such presentation; and all invoices, receipts and other documents and instruments of every kind which Client presents, displays, or delivers to Factor for any purpose will be genuine, correct and complete.
Appears in 3 contracts
Sources: Supplement to Factoring Agreement/Security Agreement, Letter of Credit and Security Agreement (Ironclad Performance Wear Corp), Letter of Credit and Security Agreement (Bam Entertainment Inc)