Discounts, Allowances, Disputes. If Borrower grants any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, Borrower shall report such discounts, allowances or credits, as the case may be, to Lender as part of the next required Schedule of Accounts. If any amounts due and owing in excess of $100,000 are in dispute between Borrower and any Account Debtor, Borrower shall provide Lender with written notice thereof at the time of submission of the next Schedule of Accounts, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy. Upon and after the occurrence of an Event of Default, Lender shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Lender may deem advisable, and to charge the deficiencies, costs and expenses thereof, including attorney's fees, to Borrower.
Discounts, Allowances, Disputes. If any Borrower grants any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, Borrowers shall report such discounts, allowances or credits, as the case may be, to Agent as part of the next required Schedule of Accounts.
Discounts, Allowances, Disputes. If Borrower grants any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, Borrower shall report such discounts, allowances or credits, as the case may be, to Agent as part of the next required Schedule of Accounts. If any amounts due and owing in excess of One Million Dollars ($1,000,000) are in dispute between Borrower and any Account Debtor, Borrower shall provide Agent with written notice thereof within five (5) Business Days of Borrower becoming aware of any such dispute, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy. Upon and after the occurrence of an Event of Default, Agent shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent may deem advisable, and to charge the deficiencies, costs and expenses thereof, including reasonable attorney’s fees, to Borrower.
Discounts, Allowances, Disputes. If Borrower grants any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, Borrower shall report such discounts, allowances or credits, as the case may be, to Agent as part of the next required Schedule of Accounts. If any amounts due and owing in excess of $750,000 are in dispute between Borrower and any Account Debtor, Borrower shall provide Agent with written notice thereof at the time of submission of the next Schedule of Accounts, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.
Discounts, Allowances, Disputes. If any Co-Borrower grants any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, Co-Borrowers shall report such discounts, allowances or credits, as the case may be, to Agent as part of the next required Schedule of Accounts.
Discounts, Allowances, Disputes. If any Borrower or any other Loan Party grants any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, Borrowers shall report such discounts, allowances or credits, as the case may be, to Agent as part of the next required Borrowing Base Certificate.
Discounts, Allowances, Disputes. If a Company grants any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, such Company shall report such discounts, allowances or credits, as the case may be, to Agent as part of the next required Schedule of Accounts.
Discounts, Allowances, Disputes. If Borrower grants any discounts or allowances that are not reflected in the calculation of the face value of each Account involved, Borrower shall report such discounts or allowances to Lender as part of the next required Borrowing Base Certificate. In the event any amounts due and owing in excess of $25,000 are in dispute between Borrower and any Account Debtor, Borrower shall provide Lender with written notice thereof at the time of submission of the next Borrowing Base Certificate, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.
Discounts, Allowances, Disputes. If any Loan Party grants ------------------------------- any discounts, allowances or credits that are not shown on the face of the invoice for the Account involved, such Loan Party shall report such discounts, allowances or credits, as the case may be, to Lender as part of the next required Schedule of Accounts. If any amounts due and owing in excess of $100,000.00 are in dispute between any Loan Party and any Account Debtor, such Loan Party shall provide Lender with written notice thereof at the time of submission of the next Schedule of Accounts, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy. Upon and after the occurrence of an Event of Default and so long as it is continuing, Lender shall have the right to settle or adjust all disputes and claims directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Lender may deem advisable, and to charge the deficiencies, costs and expenses thereof, including attorney's fees, to such Loan Party.
Discounts, Allowances, Disputes. If any Borrower grants any discounts, allowances or credits that are not reflected in the book value for the Account involved, Borrowers shall report such discounts, allowances or credits, as the case may be, to Agent as part of the next required Schedule of Accounts. If any amounts under any one or more Account(s) due and owing in excess of Two Hundred Fifty Thousand Dollars ($250,000.00) becomes disputed between any Borrower and any Account Debtor (other than refusals to pay based on technical discrepancies which are curable in the ordinary course of business), and such Account(s) were represented as Eligible Account(s) on the immediately preceding Borrowing Base Certificate, Borrowers shall provide Agent with written notice thereof at the time of submission of the next Schedule of Accounts, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy. Upon and after the occurrence and during the continuance of an Event of Default, Agent shall have the right to settle or adjust all disputes and claims (other than claims arising solely on a technical basis in Borrowers' ordinary course of business) directly with the Account Debtor and to compromise the amount or extend the time for payment of the Accounts upon such terms and conditions as Agent may deem advisable, and to charge the deficiencies, costs and expenses thereof, including attorney's fees, to Borrowers.
