Importation. Client agrees that any necessary import, export or other licenses or certificates for the import or handling of the Collateral (as defined in Section 5.1 hereof) will have been promptly procured; all foreign and domestic governmental laws and regulations in regard to the shipment and importation of the Collateral, or the financing thereof will have been promptly and fully complied with; and any certificates in that regard that Factor may at any time request will be promptly furnished. In this connection, Client warrants and represents that all shipments made under any such Letters of Credit are in accordance with the governmental laws and regulations of the countries in which the shipments originate and terminate, and are not prohibited by any such laws and regulations.
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)