Common use of Validity of Accounts Clause in Contracts

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the Borrower.

Appears in 30 contracts

Samples: Agreement (Golf Galaxy, Inc.), Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Bakers Footwear Group Inc)

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Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower Loan Parties represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor (subject to adjustments for returned Inventory in the ordinary course of business) and shall have been fully earned by performance by the Borrowersuch Loan Party.

Appears in 4 contracts

Samples: Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc), Loan and Security Agreement (Aeropostale Inc)

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower Credit Parties represented as owing by each Account Debtor account debtor is and will be the correct amount actually owing by such Account Debtor account debtor and shall have been fully earned by performance by the BorrowerCredit Parties.

Appears in 2 contracts

Samples: Loan and Security Agreement (Shopko Stores Inc), Loan and Security Agreement (Shopko Stores Inc)

Validity of Accounts. (a) a The amount of each Account shown on the books, records, and invoices of the Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the Borrower.

Appears in 1 contract

Samples: Factory Card Outlet Corp

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower Loan Parties represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor (subject to adjustments for returned Inventory in the ordinary course of business consistent with past practices) and shall have been fully earned by performance by the Borrowersuch Loan Party.

Appears in 1 contract

Samples: Security and Guaranty Agreement (Aeropostale Inc)

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower Borrowers represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the BorrowerBorrowers.

Appears in 1 contract

Samples: Claires Stores Inc

Validity of Accounts. (ai) The amount of each Account shown on the books, records, and invoices of the Borrower Loan Parties represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor (subject to adjustments for returned Inventory in the ordinary course of business) and shall have been fully earned by performance by the Borrowersuch Loan Party.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Validity of Accounts. (a) The amount of each Acceptable Account shown on the books, records, and invoices of the each Borrower represented as owing by each Account Debtor is and will be be, to the best of Borrower's knowledge, the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynamics Research Corp)

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower represented as owing by each Account Debtor to the best of Borrower's knowledge is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (CSS Trade Names Inc)

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Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the each Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor Debtor, except for minor adjustments in the ordinary course with respect to Accounts other than Accounts owed by Credit Card Processors, and shall have been fully earned by performance by the such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Paper Warehouse Inc)

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor (subject to adjustments for returned Inventory in the ordinary course of business) and shall have been fully earned by performance by the Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower and AWI represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor (subject to adjustments for returned Inventory in the ordinary course of business) and shall have been fully earned by performance by the BorrowerBorrower and AWI.

Appears in 1 contract

Samples: Loan and Security Agreement (Aeropostale Inc)

Validity of Accounts. (a) The Except as adjusted in the ordinary course of bookkeeping the amount of each Account shown on the books, records, and invoices of the Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the Borrower.

Appears in 1 contract

Samples: Agreement (Right Start Inc /Ca)

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrower Borrowers and Guarantors represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the Borrower.Borrowers and Guarantors. 124

Appears in 1 contract

Samples: Loan and Security Agreement (Lechters Inc)

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