Common use of Account Verification Clause in Contracts

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 5 contracts

Samples: Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co), Loan and Security Agreement (Century Aluminum Co)

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Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 5 contracts

Samples: Loan and Security Agreement (Weirton Steel Corp), And Security Agreement (Weirton Steel Corp), Loan and Security Agreement (Bayou Steel Corp)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or Borrower or any BorrowerGuarantor, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication telegraph or otherwise; provided, that so long as no unless a Default or an Event of Default existsis then in existence, any verification prior to conducting each set of Accounts by verifications, Agent shall be telephonically in generally consult with Borrower about the presence of a representative of a Borrowerverification process. Borrowers Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Mobile Mini Inc), Loan and Security Agreement (Mobile Mini Inc), Loan and Security Agreement (Mobile Mini Inc)

Account Verification. Any of Agent's ’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Co-Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Borrower and its Subsidiaries shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Pw Eagle Inc)

Account Verification. Any of Agent's officers, -------------------- employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any a Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Each Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Falcon Products Inc /De/), Loan and Security Agreement (Falcon Products Inc /De/)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent Agent, any Borrower or any Borrowerother Loan Party, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers shall, and shall cause each other Loan Party to, cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan Agreement (Katy Industries Inc), Loan Agreement (Katy Industries Inc)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent Agent, or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Velocity Express Corp), Loan and Security Agreement (Velocity Express Corp)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any a Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default existsprior to conducting any such verifications, any verification of Accounts by Agent shall be telephonically have consulted with Borrowers about the verification process and the manner in the presence of a representative of a Borrowerwhich Agent proposes to conduct such verifications. Borrowers Each Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

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

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrowera Company, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Each Company shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

Account Verification. Any of Agent's ’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Each Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no unless a Default or an Event of Default existsis then in existence, any verification prior to conducting each set of Accounts by verifications, Agent shall be telephonically in generally consult with Borrowers about the presence of a representative of a Borrowerverification process. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

Account Verification. Any of Agent's officers, employees or -------------------- agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent Agent, or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Velocity Express Corp)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any BorrowerGrantor, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication telegraph or otherwise; provided, that so long as no unless a Default or an Event of Default existsis then in existence, any verification prior to conducting each set of Accounts by verifications, Agent shall be telephonically in generally consult with such Grantor about the presence of a representative of a Borrowerverification process. Borrowers Such Grantor shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Mobile Mini Inc)

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Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Each Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Account Verification. Any of Agent's ’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent Agent, any Borrower or any Borrowerother Loan Party, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers shall, and shall cause each other Loan Party to, cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan Agreement (Katy Industries Inc)

Account Verification. Any of Agent's ’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Each Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.. 6.2.4

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Account Verification. Any of Agent's ’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Cambium Learning Group, Inc.)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any reasonable time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication facsimile or otherwise; provided, that so long as no unless a Default or an Event of Default existsis then in existence, any verification prior to conducting each set of Accounts by verifications, Agent shall be telephonically in generally consult with Borrowers about the presence of a representative of a Borrowerverification process. Borrowers Each Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Financing and Security Agreement (Henry Co)

Account Verification. Any of Agent's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any BorrowerGrantor, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication telegraph or otherwise; provided, that so long as no unless a Default or an Event of Default existsis then in existence, any verification prior to conducting each set of Accounts by verifications, Agent shall be telephonically in generally consult with such Grantor about the presence of a representative of a Borrower. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.verification

Appears in 1 contract

Samples: Subsidiary Security Agreement (Mobile Mini Inc)

Account Verification. Any of Agent's ’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no unless a Default or an Event of Default existsis then in existence, any verification prior to conducting each set of Accounts by verifications, Agent shall be telephonically in generally consult with Borrowers about the presence of a representative of a Borrowerverification process. Borrowers shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

Account Verification. Any of Agent's officers, employees or -------------------- agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any a Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication or otherwise; provided, that so long as no Default or Event of Default exists, any verification of Accounts by Agent shall be telephonically in the presence of a representative of a Borrower. Borrowers Each Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Falcon Products Inc /De/)

Account Verification. Any of Agent's officers, employees or -------------------- agents shall have the right, at any time or times hereafter, in the name of Agent, any designee of Agent or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, electronic communication telegraph or otherwise; provided, that so long as no unless a -------- Default or an Event of Default existsis then in existence, any verification prior to conducting each set of Accounts by verifications, Agent shall be telephonically in generally consult with Borrower about the presence of a representative of a Borrowerverification process. Borrowers Borrower shall cooperate fully with Agent in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Borden Chemicals & Plastics Limited Partnership /De/)

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