Common use of Amount of Accounts Clause in Contracts

Amount of Accounts. The amount represented by the Borrower to the Lender from time to time as owing by each account debtor or by all account debtors in respect of the accounts will at such time be the correct amount so owing by such account debtor or debtors and, unless disclosed in writing by the Borrower to the Lender at that time, will to the best of the Borrower's knowledge be owed free of any dispute, set-off or counterclaim.

Appears in 2 contracts

Samples: Loan Agreement (Bioshaft Water Technology, Inc.), Loan Agreement (Bioshaft Water Technology, Inc.)

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Amount of Accounts. The amount represented by the Borrower to the Lender from time to time as owing by each account debtor or by all account debtors in respect of the accounts will at such time be the correct amount so owing by such account debtor or debtors and, unless disclosed in writing by the Borrower to the Lender at that time, will to the best of the Borrower's ’s knowledge be owed free of any dispute, set-off or counterclaim.

Appears in 1 contract

Samples: Loan Agreement (Bioshaft Water Technology, Inc.)

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Amount of Accounts. The amount represented by the Borrower Debtor to the Lender Creditor from time to time as owing by each account debtor or by all account debtors in respect of the accounts Accounts will at such time be the correct amount so owing by such account debtor or debtors and, unless disclosed in writing by the Borrower Debtor to the Lender Creditor at that time, will to the best of the Borrower's knowledge be owed free of any dispute, set-off or counterclaim.

Appears in 1 contract

Samples: General Security Agreement (Neutron Enterprises Inc)

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