Common use of Account Receivables Clause in Contracts

Account Receivables. No amount exceeding $50,000 and payable to such Grantor under or in connection with any account is evidenced by any instrument, promissory note, chattel paper, and no account exceeding $50,000 has been settled by the account debtor granting to such Grantor Pledged Stock which has not been delivered to the Purchaser.

Appears in 4 contracts

Samples: And Collateral Agreement, Guarantee and Collateral Agreement (AxoGen, Inc.), Guarantee and Collateral Agreement (AxoGen, Inc.)

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