Common use of Accounts Receivable Documentation Clause in Contracts

Accounts Receivable Documentation. The Loan Parties will at such intervals as the Agents may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents and furnish such further schedules or information as any such Agent may require relating to the Accounts Receivable, including 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. The items to be provided under this Section 8.02 are to be in form reasonably satisfactory to the Agents and are to be executed and delivered to the Agents from time to time solely for their convenience in maintaining records of the Collateral. The Loan Parties' failure to give any of such items to the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent's Lien on the Collateral. The Borrowers shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the Borrowers' industry, and shall not re-bxxx any Accounts Receivable without promptly disclosing the same to the Agents and providing the Agents with a copy of such re-billing, identifying the same as such. If any Borrower becomes aware of anything materially detrimental to any of the Borrowers' customers' credit, the Borrowers will promptly advise the Agents thereof.

Appears in 4 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)

AutoNDA by SimpleDocs

Accounts Receivable Documentation. The Loan Parties will at such intervals as the Agents may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents and furnish such further schedules or information as any such Agent may require relating to the Accounts Receivable, including 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. The items to be provided under this Section 8.02 are to be in form reasonably satisfactory to the Agents and are to be executed and delivered to the Agents from time to time solely for their convenience in maintaining records of the Collateral. The Loan Parties' failure to give any of such items to the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent's ’s Lien on the Collateral. The Borrowers shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the Borrowers' industry, and shall not re-bxxx xxxx any Accounts Receivable without promptly disclosing the same to the Agents and providing the Agents with a copy of such re-billing, identifying the same as such. If any Borrower becomes aware of anything materially detrimental to any of the Borrowers' customers' credit, the Borrowers will promptly advise the Agents thereof.

Appears in 2 contracts

Samples: Financing Agreement (Alj Regional Holdings Inc), Financing Agreement (Alj Regional Holdings Inc)

Accounts Receivable Documentation. The Loan Parties will at such intervals as the Agents Agent may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents Agent and furnish such further schedules or and/or information as any such the Agent may require relating to the Accounts Receivable, including 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. The items to be provided under this Section 8.02 are to be in form reasonably satisfactory to the Agents Agent and are to be executed and delivered to the Agents Agent from time to time solely for their its convenience in maintaining records of the Collateral. The Loan Parties' failure to give any of such items to the Agents Agent shall not affect, terminate, modify or otherwise limit the Collateral Agent's ’s Lien on the Collateral. The Borrowers Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the Borrowers' Loan Parties’ industry, and shall not re-bxxx xxxx any Accounts Receivable without promptly disclosing the same to the Agents Agent and providing the Agents Agent with a copy of such re-billing, identifying the same as such. If , provided that this sentence shall not restrict any Borrower becomes aware of anything materially detrimental Loan Party from issuing change orders or compromising, adjusting or granting discounts, allowances or credits to any of the Borrowers' customers' creditAccounts Receivable, the Borrowers will promptly advise the Agents thereofin each case subject to Section 7.02(n).

Appears in 2 contracts

Samples: Financing Agreement (Life Sciences Research Inc), Financing Agreement (Life Sciences Research Inc)

Accounts Receivable Documentation. The Loan Parties Issuer will at such intervals as the Agents Agents, at the written direction of the Required Holders, may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents and furnish such further schedules or and/or information as any such Agent or any Holder may require relating to the Accounts Receivable, including 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 Issuer shall notify the Agents of any non-compliance in respect of the representations, warranties and covenants contained in Section 9.03. The items to be provided under this Section 8.02 9.02 are to be in form reasonably satisfactory to the Agents Required Holders and are to be executed and delivered to the Agents from time to time solely for their convenience in maintaining records of the Collateral. The Loan Parties' Issuer’s failure to give any of such items to the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent's ’s Lien on the Collateral. The Borrowers Issuer shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the Borrowers' Issuer’s industry, and shall not re-bxxx bill any Accounts Receivable without promptly disclosing the same to the Agents and providing the Agents with a copy of such re-billing, identifying the same as such. If any Borrower the Issuer becomes aware of anything materially detrimental to any of the Borrowers' Issuer’s customers' credit, the Borrowers Issuer will promptly advise the Agents and the Holders thereof.

Appears in 1 contract

Samples: Senior Secured Post Petition Note Purchase Agreement (Anchor Glass Container Corp /New)

Accounts Receivable Documentation. The After the occurrence and during the continuance of an Event of Default, and subject to the Intercreditor Agreement and the prior rights of the Revolving Credit Agent, each Loan Parties Party will at such intervals as the Agents Agent may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents Agent and furnish such further schedules or and/or information as any such the Agent may require relating to the Accounts Receivable, including 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 Loan Parties shall notify the Agent of any non-compliance in respect of the representations, warranties and covenants contained in Section 8.03. The items to be provided under this Section 8.02 are to be in form reasonably satisfactory to the Agents Agent and are to be executed and delivered to the Agents Agent from time to time solely for their its convenience in maintaining records of the Collateral. The Loan Parties' failure to give any of such items to the Agents Agent shall not affect, terminate, modify or otherwise limit the Collateral Agent's Lien on the Collateral. The Borrowers Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the BorrowersLoan Parties' industry, and shall not re-bxxx xxxx any Accounts Receivable without promptly disclosing the same to the Agents Agent and providing the Agents Agent with a copy of such re-billing, identifying the same as such. If any Borrower becomes the Loan Parties become aware of anything materially detrimental to any of the BorrowersLoan Parties' customers' credit, the Borrowers Loan Parties will promptly advise the Agents Agent thereof.

Appears in 1 contract

Samples: Financing Agreement (Clean Harbors Inc)

Accounts Receivable Documentation. The Loan Parties will at such intervals as the Agents Agent may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents Agent and furnish such further schedules or and/or information as any such the Agent may require relating to the Accounts Receivable, including 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. The items to be provided under this Section 8.02 are to be in form reasonably satisfactory to the Agents Agent and are to be executed and delivered to the Agents Agent from time to time solely for their its convenience in maintaining records of the Collateral. The Loan Parties' failure to give any of such items to the Agents Agent shall not affect, terminate, modify or otherwise limit the Collateral Agent's Lien on the Collateral. The Borrowers Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the BorrowersLoan Parties' industry, and shall not re-bxxx bill any Accounts Receivable without xxxhout promptly disclosing the same to the Agents Agent and providing the Agents Agent with a copy of such re-billing, identifying the same as such. If , provided that this sentence shall not restrict any Borrower becomes aware of anything materially detrimental Loan Party from issuing change orders or compromising, adjusting or granting discounts, allowances or credits to any of the Borrowers' customers' creditAccounts Receivable, the Borrowers will promptly advise the Agents thereofin each case subject to Section 7.02(n).

Appears in 1 contract

Samples: Financing Agreement (Life Sciences Research Inc)

AutoNDA by SimpleDocs

Accounts Receivable Documentation. The Loan Parties will at such intervals as the Agents Collateral Agent may reasonably require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents and furnish such further schedules or and/or information as any such Agent may reasonably require relating to the Accounts Receivable. In addition, including sales invoices or the equivalentLoan Parties shall notify the Agents of any non-compliance in respect of the representations, credit memos issued, remittance advices, reports warranties and copies of deposit slips and copies of original shipping or delivery receipts for all merchandise soldcovenants contained in Section 8.03. The items to be provided under this Section 8.02 are to be in form reasonably satisfactory to the Agents Collateral Agent and are to be executed and delivered to the Agents from time to time solely for their convenience in maintaining records of the Collateral. The Loan Parties' failure to give any of such items to the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent's Lien on the Collateral. The Borrowers Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the BorrowersLoan Parties' industry, and shall not re-bxxx xxxx any Accounts Receivable Receivable, except in the ordinary course of business, without promptly disclosing the same to the Agents and providing the Agents with a copy of such re-billing, identifying the same as such. If any Borrower becomes the Loan Parties become aware of anything materially detrimental to any of the BorrowersLoan Parties' material customers' credit, the Borrowers Loan Parties will promptly advise the Agents thereof.

Appears in 1 contract

Samples: Financing Agreement (Aaipharma Inc)

Accounts Receivable Documentation. The Loan Parties will at such intervals as the Agents may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents and furnish such further schedules or and/or information as any such Agent may require relating to the Accounts Receivable, including 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. The items to be provided under this Section 8.02 are to be in form reasonably satisfactory to the Agents and are to be executed and delivered to the Agents from time to time solely for their convenience in maintaining records of the Collateral. The Loan Parties' failure to give any of such items to the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent's ’s Lien on the Collateral. The Borrowers Loan Parties shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the Borrowers' Loan Parties’ industry, and shall not re-bxxx any Accounts Receivable without promptly disclosing the same to the Agents and providing the Agents with a copy of such re-billing, identifying the same as such. If any Borrower becomes the Loan Parties become aware of anything materially detrimental to any of the Borrowers' Loan Parties’ customers' credit, the Borrowers Loan Parties will promptly advise the Agents thereof.

Appears in 1 contract

Samples: Financing Agreement (Horizon Offshore Inc)

Accounts Receivable Documentation. The Loan Parties will After the occurrence and during the continuance of an Event of Default, the Borrower will, at such intervals as the Agents may require, execute and deliver confirmatory written assignments of the Accounts Receivable to the Agents. In addition, the Borrower shall notify the Agents of any non-compliance in respect of the representations, warranties and furnish such further schedules or information as any such Agent may require relating to the Accounts Receivable, including 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 soldcovenants contained in Section 7.03. The items to be provided under this Section 8.02 7.02 are to be in form reasonably satisfactory to the Agents and are to be executed and delivered to the Agents from time to time solely for their convenience in maintaining records of the Collateral. The Loan Parties' Borrower’s failure to give any of such items to the Agents shall not affect, terminate, modify or otherwise limit the Collateral Agent's ’s Lien on the Collateral. The Borrowers Borrower shall not re-date any invoice or sale or make sales on extended dating beyond that customary in the Borrowers' Borrower’s industry, and shall not re-bxxx xxxx any Accounts Receivable without promptly disclosing the same to the Agents and providing the Agents with a copy of such re-re- billing, identifying the same as such. If any the Borrower becomes aware of anything materially detrimental to any of the Borrowers' Borrower’s customers' credit, the Borrowers Borrower will promptly advise the Agents thereof.

Appears in 1 contract

Samples: Financing Agreement (Xcel Pharmaceuticals Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!