Common use of Certain Matters Relating to Receivables Clause in Contracts

Certain Matters Relating to Receivables. (a) If an Event of Default shall have occurred and be continuing, (x) the Collateral Agent shall have the right to make test verifications of the Receivables in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications and (y) upon the Collateral Agent's reasonable request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 5 contracts

Samples: Collateral Agreement (Paperweight Development Corp), Collateral Agreement (Paperweight Development Corp), Collateral Agreement (Appleton Papers Inc/Wi)

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Certain Matters Relating to Receivables. (a) If an Event of Default shall have occurred and be continuing, (x) the Collateral Agent shall have the right to make test verifications of the Receivables in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications and (y) upon the Collateral Agent's ’s reasonable request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 2 contracts

Samples: Collateral Agreement (Appvion, Inc.), Collateral Agreement (Appvion, Inc.)

Certain Matters Relating to Receivables. (a) If an Event of Default shall have occurred and be continuing, (x) the The Collateral Agent shall at reasonable times and upon reasonable request have the right to make test verifications of the Receivables in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications verifications. At any time after the occurrence and (y) during the continuance of an Event of Default, upon the Collateral Agent's reasonable request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 2 contracts

Samples: Reimbursement Agreement (SPX Corp), Collateral Agreement (SPX Corp)

Certain Matters Relating to Receivables. (a) If After the occurrence and during the continuance of an Event of Default shall have occurred and be continuingDefault, (xi) the Collateral Agent shall have the right to make test verifications of the Receivables in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications verifications, and (yii) upon the Collateral Agent's reasonable ’s request and at the expense of the relevant Grantor, such Grantor shall promptly cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 2 contracts

Samples: Security Agreement (Adma Biologics, Inc.), Security Agreement (Evolent Health, Inc.)

Certain Matters Relating to Receivables. (a) If an Event of Default shall have occurred and be continuing, (x) the The Collateral Agent shall have the right (but shall in no way be obligated) to make test verifications of the Receivables that are included in the Pledged Collateral in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may reasonably require in connection with such test verifications verifications. At any time and (y) from time to time, upon the Collateral Agent's reasonable ’s request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 1 contract

Samples: Credit Agreement (Affirmative Insurance Holdings Inc)

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Certain Matters Relating to Receivables. (a) If At any time after the occurrence and during the continuation of a Default or an Event of Default shall have occurred and be continuingDefault, (x) the Collateral Agent shall have the right to make test verifications of the Receivables in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications verifications; and (y) upon the Collateral Agent's reasonable request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (Bally Total Fitness Holding Corp)

Certain Matters Relating to Receivables. (a) If At any time that an Event of Default shall have occurred and be continuing, continuing under the Credit Agreement (x) the Collateral Agent shall have the right to make test verifications of the Receivables in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications verifications; and (y) upon the Collateral Agent's reasonable ’s request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 1 contract

Samples: Guarantee and Collateral Agreement (West Village Gym at the Archives LLC)

Certain Matters Relating to Receivables. (a) If an Event of Default shall have occurred and be continuing, (x) the The Collateral Agent shall have the right to make test verifications of the Receivables in any reasonable manner and through any medium that it reasonably considers advisable, and each Grantor shall furnish all such assistance and information as the Collateral Agent may require in connection with such test verifications verifications. At any time during which an Event of Default has occurred and (y) is continuing, upon the Collateral Agent's reasonable ’s request and at the expense of the relevant Grantor, such Grantor shall cause independent public accountants or others satisfactory to the Collateral Agent to furnish to the Collateral Agent reports showing reconciliations, aging and test verifications of, and trial balances for, the Receivables.

Appears in 1 contract

Samples: Control Agreement (Ign Entertainment Inc)

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