Common use of Verification Clause in Contracts

Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Coast or such other name as Coast may choose.

Appears in 35 contracts

Samples: Loan and Security Agreement (Prologic Management Systems Inc), Loan and Security Agreement (U S Plastic Lumber Corp), Loan and Security Agreement (Symposium Corp)

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Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesReceivables and Collections, by means of mail, telephone or otherwise, either in the name of Borrower or Coast or such other name as Coast may choose.

Appears in 2 contracts

Samples: Loan and Security Agreement (Health Fitness Corp /Mn/), Loan and Security Agreement (Cell Tech International Inc)

Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of a Borrower or ONE, as the case may be, or Coast or such other name as Coast may choose.

Appears in 1 contract

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

Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Coast or such other name as Coast may choosechoose anything.

Appears in 1 contract

Samples: Loan and Security Agreement (Black Warrior Wireline Corp)

Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower Borrower, Research Limited, or Coast or such other name as Coast may choose.

Appears in 1 contract

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

Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Coast or such other name as Coast may choose. This verification shall generally be done by letter in the form attached hereto as Exhibit 4.7, such form hereby being authorized by Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Probusiness Services Inc)

Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Coast or such other name as Coast may choose.

Appears in 1 contract

Samples: Loan and Security Agreement (Odwalla Inc)

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Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of the applicable Borrower or Coast or such other name as Coast may choose.

Appears in 1 contract

Samples: Loan and Security Agreement (Mai Systems Corp)

Verification. Coast may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower Borrowers or Coast or such other name as Coast may choose.

Appears in 1 contract

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

Verification. Coast may, using reasonable commercial judgment, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Coast or such other name as Coast may choose.

Appears in 1 contract

Samples: Loan and Security Agreement (Software Com Inc)

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