Common use of REPRESENTATIONS RELATING TO RECEIVABLES Clause in Contracts

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery and acceptance of goods or the rendition of services in the ordinary course of Borrower's business.

Appears in 20 contracts

Samples: Loan and Security Agreement (Great Lakes Aviation LTD), Loan and Security Agreement (U S Plastic Lumber Corp), Loan and Security Agreement (Greenman Technologies Inc)

AutoNDA by SimpleDocs

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower's business.

Appears in 10 contracts

Samples: Security Agreement (Cardiac Control Systems Inc), Loan and Security Agreement (Transcend Services Inc), Loan and Security Agreement (Zycad Corp)

REPRESENTATIONS RELATING TO RECEIVABLES. Each Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower Borrowers shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery and acceptance of goods or the rendition of services in the ordinary course of the applicable Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Mai Systems Corp)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Odwalla Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable All Eligible Collections with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the collections from Account Debtor Debtors on Receivables created by the sale, delivery and acceptance of goods or the rendition of services in the ordinary course of Borrower's businessbusiness and interest earned on the Fiduciary Collections.

Appears in 1 contract

Samples: Loan and Security Agreement (Probusiness Services Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Each Borrower or ONE represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower Borrowers shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery delivery, and acceptance of goods or the rendition of services in the ordinary course of the respective Borrower's or ONE's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Universal International Inc /Mn/)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Eligible Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery and acceptance balance transfer of goods or the rendition of services charged-off consumer debt owing by Borrower to a newly established credit card in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Credit Store Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested (other than those not yet earned by Borrower performance) shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery and acceptance of goods or the rendition of services in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Amerivision Communications Inc)

AutoNDA by SimpleDocs

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents Borrowers represent and warrants warrant to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower Borrowers shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower's and/or Co-Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Destron Fearing Corp /De/)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable All Collections with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an the undisputed bona fide existing unconditional obligation payments to Borrower of the Account Debtor created by Net Gaming Revenues of Borrower resulting from the sale, delivery and acceptance of goods or the rendition of services in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Multimedia Games Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower's business., including warranty obligations as

Appears in 1 contract

Samples: Loan and Security Agreement (CSL Lighting Manufacturing Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which represents Collateral for the Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Software Com Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery and acceptance of goods or the rendition of services in the ordinary course of Borrower's or Research Limited's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Research Inc /Mn/)

Time is Money Join Law Insider Premium to draft better contracts faster.