Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the 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 Borrowers.
Appears in 19 contracts
Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Dreams Inc), Loan and Security Agreement (Iparty Corp)
Validity of Accounts. (a) The Except for adjustments and disputes in the ordinary course of business, the amount of each Account shown on the books, records, and invoices of the Borrowers Loan Parties 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 BorrowersLoan Parties.
Appears in 7 contracts
Samples: Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (Retail Ventures Inc), Loan and Security Agreement (DSW Inc.)
Validity of Accounts. (a) The Except for adjustments and disputes in the ordinary course of business, the amount of each Account of the Accounts Receivable shown on the books, records, and invoices of the Borrowers Loan Parties 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 BorrowersLoan Parties.
Appears in 4 contracts
Samples: Senior Loan Agreement (DSW Inc.), Financing Agreement (Value City Department Stores Inc /Oh), Senior Convertible Loan Agreement (Value City Department Stores Inc /Oh)
Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers Loan Parties 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 BorrowersLoan Parties.
Appears in 3 contracts
Samples: Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Odd Job Stores Inc), Loan and Security Agreement (Designs Inc)
Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers 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 BorrowersBorrower, subject to such Account Debtor’s rights to return merchandise in the normal course of the Borrower’s business.
Appears in 3 contracts
Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers 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 BorrowersBorrower, subject to such Account Debtor's rights to return merchandise in the normal course of the Borrower's business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Gander Mountain Co), Loan and Security Agreement (Gander Mountain Co)
Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers each 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 such Borrower, subject to the BorrowersAccount Debtor's rights to return merchandise in the normal course of such Borrower's business.
Appears in 2 contracts
Samples: Loan and Security Agreement (Jacobson Stores Inc), Loan and Security Agreement (Jacobson Stores Inc)
Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the 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 Borrowers, subject to such Account Debtor’s rights to return merchandise in the normal course of the Borrowers’ business.
Appears in 1 contract
Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers Guarantor 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 BorrowersGuarantor.
Appears in 1 contract
Samples: Stock Pledge Agreement (Sunglass Hut International Inc)
Validity of Accounts. (a) The To the best knowledge of the Principal Borrowers, the amount of each Account shown on the books, records, and invoices of the Borrowers a Principal 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 Borrowersthat Principal Borrower.
Appears in 1 contract
Validity of Accounts. (a) The amount of each Account shown on the books, records, records and invoices of the 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 Borrowers, subject to such Account Debtor's right to return merchandise in the normal course of such Borrower's business.
Appears in 1 contract
Samples: Jacobson Stores Inc
