Common use of Account Verification Clause in Contracts

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 7 contracts

Samples: Loan and Security Agreement (First Aviation Services Inc), Loan and Security Agreement (Advanced Technical Products Inc), Loan and Security Agreement (Eagle Supply Group Inc)

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Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone, telegraph telephone or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 4 contracts

Samples: Loan Agreement (Par Pacific Holdings, Inc.), Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (Radiant Logistics, Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender Lender, or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph electronic communication or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 4 contracts

Samples: Loan and Security Agreement (Media Sciences International Inc), Loan and Security Agreement (Pure World Inc), Loan and Security Agreement (Joule Inc)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or Borrower, Borrower to verify the validity, amount or any other matter relating to any Accounts of Borrower by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Elandia, Inc.), Loan and Security Agreement (Health Systems Solutions Inc), Loan and Security Agreement (Health Systems Solutions Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's ’s officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender Lender, or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph electronic communication or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Allied Healthcare Products Inc), Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph facsimile transmission or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 3 contracts

Samples: Loan and Security Agreement (Black Warrior Wireline Corp), Loan and Security Agreement (Bayard Drilling Technologies Inc), Loan and Security Agreement (Black Warrior Wireline Corp)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrower by mail, telephone, telegraph telephone or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lapolla Industries Inc), Loan and Security Agreement (Lapolla Industries Inc)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts of any Obligor by mail, telephone, telegraph or otherwise. Borrower Each Obligor shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Possession Credit Agreement (Peregrine Systems Inc), BMC Software Inc

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to take reasonable steps to verify the validity, amount or any other matter relating to any Accounts of Borrower by mail, telephone, telegraph verbal or otherwisewritten communications. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Atlantic Coast Airlines Inc), Loan and Security Agreement (Atlantic Coast Airlines Holdings Inc)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of any Borrower by mail, telephone, telegraph or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Artesyn Technologies Inc), Loan and Security Agreement (Sed International Holdings Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mothers Work Inc), Loan and Security Agreement (Open Plan Systems Inc)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents the Lender shall have the right, right at any time or times hereaftertime, in the name of the Lender, any designee of the Lender or (during the continuance of any Event of Default) any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone, telegraph telephone or otherwise. Borrower Borrowers shall cooperate fully with the Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Credit and Security Agreement (Mfri Inc)

Account Verification. Whether or not a Default or an Event of Default has occurredoccurred and is continuing, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrowers by mail, telephone, telegraph telephone or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Arlo Technologies, Inc.)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or Borrower, any Borrower to verify the validity, amount or any other matter relating to any Accounts Wholesale Receivable of such Borrower by mail, telephone, telegraph or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Post Petition Loan and Security Agreement (Insight Health Services Holdings Corp)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender Lender, or a Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph electronic communication or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Measurement Specialties Inc)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Miltope Group Inc)

Account Verification. Whether or not a Default or an Event Any of Default has occurred, any of the Lender's ’s officers, employees or agents shall have the right, at any time or times hereafterif an Event of Default has occurred and is continuing, in the name of the Lender, any designee of the Lender or the Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph electronic communication or otherwise. The Borrower shall cooperate fully with the Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (CollabRx, Inc.)

Account Verification. Whether or not a Default or an Event of -------------------- Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafterhereafter but without causing any unreasonable disruption to Borrower's business, in the name of Lender, any designee of Lender or the Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Moore Medical Corp)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.electronic

Appears in 1 contract

Samples: Loan and Security Agreement (Financial Performance Corp)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, right at any time or times hereaftertime, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrower by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Funding Agreement (Skye International, Inc)

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Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of any Borrower by mail, telephone, telegraph or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Proxymed Inc /Ft Lauderdale/)

Account Verification. Whether or not a Default or an Event of Default has occurredexists, any of Lender's officers, employees or agents Lender shall have the right, at any time or times hereaftertime, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts of Borrower by mail, telephone, telegraph verbal or otherwisewritten communications. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Fresh Foods Inc)

Account Verification. Whether or not a Default or an Event -------------------- of Default has occurredexists, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Master Graphics Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph electronic communication or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Rowecom Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or BorrowerBorrowers, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Each Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: And Consolidated Loan and Security Agreement (Eagle Supply Group Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Tmci Electronics Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or 28 Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Denali Inc)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph electronic communication or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (United Industrial Corp /De/)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or any Borrower, to verify the validity, amount or any other matter relating to any Accounts of any Borrower by mail, telephone, telegraph or otherwise. Borrower Borrowers shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Atlantic Premium Brands LTD)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees employees, or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount amount, or any other matter relating to any Accounts by mail, telephone, telegraph telegraph, or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and conclude promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Meade Instruments Corp)

Account Verification. Whether or not a Default or an Event of Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender Lender, Borrower or BorrowerDrilling LP, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph facsimile transmission or otherwise. Borrower and Drilling LP shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Bayard Drilling Technologies Inc)

Account Verification. Whether or not a Default or an Event of --------------------- Default has occurred, any of Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the name of Lender, any designee of Lender or Borrower, to verify the validity, amount or any other matter relating to any Accounts by mail, telephone, telegraph or otherwise. Borrower shall cooperate fully with Lender in an effort to facilitate and promptly conclude any such verification process.

Appears in 1 contract

Samples: Loan and Security Agreement (Seranova Inc)

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