Common use of Bona Fide Accounts Clause in Contracts

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property giving rise to such Accounts has been delivered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 4 contracts

Samples: Loan and Security Agreement (Applied Optoelectronics, Inc.), Loan and Security Agreement (Applied Optoelectronics, Inc.), Loan and Security Agreement (Applied Optoelectronics, Inc.)

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Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor.

Appears in 4 contracts

Samples: Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement (ThredUp Inc.), Loan and Security Agreement (Ekso Bionics Holdings, Inc.)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 4 contracts

Samples: Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Focus Enhancements Inc), Loan and Security Agreement (Safeguard Scientifics Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The service or property giving rise to such Accounts has been performed or delivered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 3 contracts

Samples: Loan and Security Agreement (E Loan Inc), Loan and Security Agreement (Integrated Packaging Assembly Corp), Loan and Security Agreement (Integrated Packaging Assembly Corp)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor.

Appears in 3 contracts

Samples: Loan and Security Agreement (6d Bytes Inc.), Loan and Security Agreement (Bridgepoint Education Inc), Loan and Security Agreement (Bridgepoint Education Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligationsobligations of the Account debtors. The property giving rise to such Accounts has been delivered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 3 contracts

Samples: Loan and Security Agreement (Ubiquiti Networks, Inc.), Loan and Security Agreement (Ubiquiti Networks, Inc.), Loan and Security Agreement (Ubiquiti Networks, Inc.)

Bona Fide Accounts. The Accounts are bona fide existing obligations. --- ------------------ The property giving rise to such Accounts has been delivered to the account debtor Account Debtor or to the account debtor’s Account Debtor's agent for immediate shipment to and unconditional acceptance by the account debtorAccount Debtor.

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement, Revolving Credit and Security Agreement (Ikos Systems Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property giving rise to such Accounts has been delivered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Any services giving rise to such Accounts have been provided to the account debtor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Uni-Pixel), Loan and Security Agreement (Uni-Pixel)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Superconductor Technologies Inc), Loan and Security Agreement (Medicines Co/ Ma)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has have been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor.

Appears in 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (BioNano Genomics, Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. .

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Bona Fide Accounts. The Accounts are bona fide existing ------------------ obligations. The service or property giving rise to such Accounts has been performed or delivered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Snowball Com Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. For purposes of this Agreement, “account debtor” means any person or entity who is or becomes obligated under, with respect to, or on account of, an Account. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in the Accounts of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Biomarin Pharmaceutical Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that could reasonably be expected to have a Material Adverse Effect.

Appears in 1 contract

Samples: Loan and Security Agreement (ThredUp Inc.)

Bona Fide Accounts. The Accounts are bona fide existing ------------------ obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor, except for Accounts for which adequate reserves have been made in accordance with GAAP.

Appears in 1 contract

Samples: Loan Agreement (Logicvision Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The service or property giving rise to such Accounts has been performed or delivered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Versata Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor. 7. Section 6.9 of the Agreement is amended in its entirety to read as follows:

Appears in 1 contract

Samples: Loan and Security Agreement (Usa Technologies Inc)

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Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Rigel Pharmaceuticals Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor.. Except as disclosed in the Schedule or other written notice provided to Administrative Agent (who shall provide prompt notice thereof to each Lender), Borrower

Appears in 1 contract

Samples: Loan and Security Agreement (Five9, Inc.)

Bona Fide Accounts. The Borrower's Accounts are bona fide existing obligations. The service or property giving rise to such Accounts has been performed for the account debtor or delivered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Symbollon Corp)

Bona Fide Accounts. The Accounts are bona fide existing obligations, subject to a customary allowance for doubtful accounts in accordance with GAAP. The property and services giving rise to such Accounts has been delivered or rendered in all material respects to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Patient Infosystems Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property and services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of any actual or imminent Insolvency Proceeding of any account debtor.

Appears in 1 contract

Samples: Loan Agreement (TechTarget Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligationsobligations of Borrowers' account debtors, created by the sale, lease or licensing of property or the rendering of services to account debtors in the ordinary course of Borrowers' business, and are unconditionally owed to one of the Borrowers. The property giving rise to such the Accounts has been delivered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Uniphase Corp /Ca/)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property property, goods or services giving rise to such Accounts has been delivered or rendered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Photoworks Inc /Wa)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property giving rise to such Accounts has been delivered to the account debtor Account Debtor or to the account debtor’s Account Debtor's agent for immediate shipment to and unconditional acceptance by the account debtorAccount Debtor. Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Com21 Inc)

Bona Fide Accounts. The Accounts are bona fide existing obligations. The property or services giving rise to such Accounts has have been delivered to the account debtor or (or, in the case of property, to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor). Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Seebeyond Technology Corp)

Bona Fide Accounts. The Accounts Account are bona fide existing obligations. The property giving rise to such Eligible Accounts has been delivered to the account debtor or to the account debtor’s 's agent for immediate shipment to and unconditional acceptance by the account debtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Musicmaker Com Inc)

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