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 and unconditional acceptance by the account debtor. Borrowers have not received notice of any actual or imminent Insolvency Proceeding of any account debtor whose total obligations to Borrower exceed Two Hundred Thousand Dollars ($200,000).
Appears in 4 contracts
Samples: Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings Inc), Loan and Security Agreement (Netratings 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. Borrowers have Except as disclosed to Bank in writing, Borrower has not received notice of any actual or imminent Insolvency Proceeding of any account debtor whose total obligations to Borrower exceed Two Hundred Thousand Dollars ($200,000)debtor.
Appears in 3 contracts
Samples: Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software Inc), Loan and Security Agreement (Crossworlds Software 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. Borrowers have not No Borrower has received notice of any actual or imminent Insolvency Proceeding of any account debtor whose total obligations to Borrower exceed Two Hundred Thousand Dollars ($200,000)that is included in any Borrowing Base Certificate as an Eligible Account.
Appears in 2 contracts
Samples: Loan and Security Agreement (Identiv, Inc.), Loan and Security Agreement (Identiv, 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 and unconditional acceptance by the account debtor. Borrowers have Except as disclosed in the Schedule or other written notice provided to Bank, Borrower has not received notice of any actual or imminent Insolvency Proceeding of any account debtor whose total obligations to Borrower exceed Two Hundred Thousand Dollars (owing Accounts in excess of $200,000)100,000.
Appears in 2 contracts
Samples: Loan and Security Agreement (Five9, Inc.), Loan and Security Agreement (Five9, Inc.)
Bona Fide Accounts. The Accounts Borrower's accounts are bona fide existing obligations. The property and services giving rise to such Accounts 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. Borrowers have Borrower has not received notice of any actual or imminent Insolvency Proceeding of any account debtor whose total obligations to Borrower exceed Two Hundred Thousand Dollars ($200,000)debtor.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Avanex Corp)