Common use of REPRESENTATIONS RELATING TO RECEIVABLES Clause in Contracts

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Silicon as follows: In all material respects, each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) 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, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Silicon as follows: In all material respects, each Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by Silicon Valley Bank Loan and Security Agreement -------------------------------------------------------------------------------- the sale, delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Silicon as follows: In all material respects, each Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the 84 Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services in the ordinary course of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Silicon as follows: In all material respects, each Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) 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, SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Silicon as follows: In all material respects, each Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) 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 -3- SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT -------------------------------------------------------------------------------- of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Silicon as follows: In all material respects, each Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) except with respect to any Receivable relating to maintenance revenues or for which Borrower bills in advance, 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, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Silicon as follows: In all material respects, each Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) 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, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.