Common use of Bona Fide Accounts Clause in Contracts

Bona Fide Accounts. Each item of the Accounts Receivable Collateral arises or will arise under a contract between an Obligor and the respective Account Debtor, or from the bona fide sale or delivery of goods to or performance of services for, the Account Debtor by such Obligor.

Appears in 2 contracts

Samples: Credit and Security Agreement (Thomaston Mills Inc), Credit and Security Agreement (Thomaston Mills Inc)

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Bona Fide Accounts. Each item of the Accounts Receivable Collateral arises or will arise under a contract between an Obligor the Borrower and the respective Account Debtor, or from the bona fide sale or delivery of goods to or performance of services for, the Account Debtor by such ObligorDebtor.

Appears in 1 contract

Samples: Credit and Security Agreement (Thomas & Betts Corp)

Bona Fide Accounts. Each item of the Accounts Receivable Collateral arises or will arise under a contract between an Obligor such Borrower and the respective Account Debtor, or from the bona fide sale sale, rental or delivery of goods to or performance of services for, the Account Debtor by such ObligorDebtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

Bona Fide Accounts. Each item of the Accounts Receivable Collateral arises or will arise under a contract between an Obligor Borrower and the respective Account Debtor, or from the bona fide sale sale, rental or delivery of goods to or performance of services for, the Account Debtor by such ObligorDebtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Innotrac Corp)

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Bona Fide Accounts. Each item of the Accounts Receivable Collateral arises or will arise under a contract between an Obligor Borrower or a Subsidiary and the respective Account Debtor, or from the bona fide sale or delivery of goods to or performance of services for, the Account Debtor by such ObligorDebtor.

Appears in 1 contract

Samples: Loan and Security Agreement (Magellan Health Services Inc)

Bona Fide Accounts. Each item of the Accounts Receivable Collateral and each Factored Account arises or will arise under a contract between an Obligor a Borrower and the respective Account Debtor, or from the bona fide sale or delivery of goods to or performance of services for, for the Account Debtor by such ObligorDebtor.

Appears in 1 contract

Samples: Credit Agreement (Crown Crafts Inc)

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