Common use of Accounts Documentation Clause in Contracts

Accounts Documentation. The Borrower Parties will at such intervals as Agent may reasonably require, execute and deliver confirmatory written assignments of the Accounts to Agent and furnish such further schedules and/or information as Agent may reasonably require relating to the Accounts, including, without limitation, sales invoices or the equivalent, credit memos issued, remittance advices, reports and copies of deposit slips and copies of original shipping or delivery receipts for all merchandise sold. In addition, the Borrower Parties shall notify Agent of any non-compliance in respect of the representations, warranties and covenants contained in Section 5.23. The items to be provided under this Section 5.22 are to be in form reasonably satisfactory to Agent and are to be executed and delivered to Agent from time to time solely for its convenience in maintaining records of the Collateral. The Borrower Parties’ failure to give any of such items to Agent shall not affect, terminate, modify or otherwise limit Agent’s Lien on the Collateral. The Borrower Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in such Credit Parties’ industry, and shall not re-xxxx any Accounts without promptly disclosing the same to Agent and providing Agent with a copy of such re-billing, identifying the same as such. If the Borrower Parties become aware of anything materially detrimental to any of such Borrower Parties’ material customers’ credit, such Borrower Parties will promptly advise Agent thereof.

Appears in 3 contracts

Samples: Credit Agreement (Milacron Inc), Credit Agreement (Milacron Inc), Credit Agreement (Milacron Inc)

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Accounts Documentation. The Borrower Domestic Loan Parties will at such intervals as the Agent may reasonably require, execute and deliver confirmatory written assignments of the Accounts to the Agent and furnish such further schedules and/or information as the Agent may reasonably require relating to the Accounts, including, without limitation, sales invoices or the equivalent, credit memos issued, remittance advices, reports and copies of deposit slips and copies of original shipping or delivery receipts for all merchandise sold. In addition, the Borrower Domestic Loan Parties shall notify the Agent of any non-compliance in respect of the representations, warranties and covenants contained in Section 5.238.03. The items to be provided under this Section 5.22 8.02 are to be in form reasonably satisfactory to the Agent and are to be executed and delivered to the Agent from time to time solely for its their convenience in maintaining records of the Collateral. The Borrower Domestic Loan Parties' failure to give any of such items to the Agent shall not affect, terminate, modify or otherwise limit the Collateral Agent’s 's Lien on the Collateral. The Borrower Domestic Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in such Credit Loan Parties' industry, and shall not re-xxxx any Accounts without promptly disclosing the same to the Agent and providing the Agent with a copy of such re-billing, identifying the same as such. If the Borrower Domestic Loan Parties become aware of anything materially detrimental to any of such Borrower Loan Parties' material customers' credit, such Borrower Loan Parties will promptly advise the Agent thereof.

Appears in 1 contract

Samples: Financing Agreement (Milacron Inc)

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Accounts Documentation. The Borrower Loan Parties will at such intervals as Agent the Agents may reasonably require, execute and deliver confirmatory written assignments of the Accounts to Agent the Agents and furnish such further schedules and/or information as any such Agent may reasonably require relating to the Accounts, including, without limitation, sales invoices or the equivalent, credit memos issued, remittance advices, reports and copies of deposit slips and copies of original shipping or delivery receipts for all merchandise sold. In addition, the Borrower Loan Parties shall notify Agent the Agents of any non-compliance in respect of the representations, warranties and covenants contained in Section 5.238.03. The items to be provided under this Section 5.22 8.02 are to be in form reasonably satisfactory to Agent the Agents and are to be executed and delivered to Agent the Agents from time to time solely for its their convenience in maintaining records of the Collateral. The Borrower Loan Parties' failure to give any of such items to Agent the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent’s 's Lien on the Collateral. The Borrower Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in such Credit the Loan Parties' industry, and shall not re-xxxx any Accounts without promptly disclosing the same to Agent the Agents and providing Agent the Agents with a copy of such re-billing, identifying the same as such. If the Borrower Loan Parties become aware of anything materially detrimental to any of such Borrower the Loan Parties’ material ' customers' credit, such Borrower the Loan Parties will promptly advise Agent the Agents thereof.

Appears in 1 contract

Samples: Financing Agreement (Eagle Family Foods Inc)

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