Common use of Test Verifications Clause in Contracts

Test Verifications. Lender or Lender's representative shall have the right to make test verifications of any and all Accounts Receivable and other Collateral in any manner and through any medium Lender considers advisable, and Borrowers shall render any necessary assistance to Lender. At such times as Lender may request and in the manner specified by Lender, Borrowers shall deliver to Lender or Lender's representative original invoices, agreements, proofs of rendition of services and delivery of goods and other documents evidencing or relating to the transactions which gave rise to Accounts Receivable or other Collateral, together with a schedule of the names and addresses of Borrower's customers, customer statements, schedules describing the Accounts Receivable or other Collateral and/or statements of account and confirmatory assignments to Lender of the Accounts Receivable or other Collateral, in form and substance satisfactory to Lender and duly executed by Borrower. Without limiting the provisions of this Agreement contained elsewhere, Borrower's granting of credits, discounts, allowances, deductions, return authorizations or the like will be promptly reported to Lender in writing. In no event shall any such schedule or confirmatory assignment (or the absence thereof or omission of any of the Accounts or other Collateral therefrom) limit or in any way be construed as a waiver, limitation or modification of the security interests or rights of Lender or the warranties, representations and covenants of Borrowers under this Agreement.

Test Verifications. Lender or Lender's representative its designees shall have the right to make test verifications of any and all Accounts Receivable and other Collateral in any manner and through any medium Lender considers advisable, and Borrowers Borrower shall render any necessary assistance to Lender. At such times as Lender may request and in the manner specified by Lender, Borrowers Borrower shall deliver to Lender or Lender's representative original invoices, agreements, proofs of rendition of services and delivery of goods and other documents evidencing or relating to the transactions which gave rise to Accounts Receivable or other Collateral, together with a schedule of the names and addresses of Borrower's customers, customer statements, schedules describing the Accounts Receivable or other Collateral and/or statements of account Account and confirmatory assignments to Lender of the Accounts Receivable or other Collateral, in form and substance satisfactory to Lender and duly executed by Borrower. Without limiting the provisions of this Agreement contained elsewhere, Borrower's granting of credits, discounts, allowances, deductions, return authorizations or the like will be promptly reported to Lender in writing. In no event shall any such schedule or confirmatory assignment (or the absence thereof or omission of any of the Accounts or other Collateral therefrom) limit or in any way be construed as a waiver, limitation or modification of the security interests or rights of Lender or the warranties, representations and covenants of Borrowers Borrower under this Agreement.