Common use of Certain Provisions Regarding Maintenance of Records and Reporting Re: Accounts Clause in Contracts

Certain Provisions Regarding Maintenance of Records and Reporting Re: Accounts. (i) In the event any amounts due and owing in excess of $500,000 individually or $1,000,000 in the aggregate are in dispute between any Account Debtor and any Grantor, such Grantor shall provide the Administrative Agent with written notice thereof promptly after such Grantor's learning thereof, explaining the reason for the dispute, all claims related thereto and the amount in controversy.

Appears in 2 contracts

Samples: Security Agreement (Gt Interactive Software Corp), Amended And (Gt Interactive Software Corp)

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Certain Provisions Regarding Maintenance of Records and Reporting Re: Accounts. (i) In the event any amounts due and owing in excess of $500,000 250,000 individually or $1,000,000 500,000 in the aggregate are in dispute between any Account Debtor and any Grantor, such Grantor shall provide the Administrative Agent with written notice thereof promptly after such Grantor's learning thereof, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.

Appears in 1 contract

Samples: Security Agreement (Global Imaging Systems Inc)

Certain Provisions Regarding Maintenance of Records and Reporting Re: Accounts. (i) In the event any amounts due and owing in excess of $500,000 50,000 individually or $1,000,000 100,000 in the aggregate are in dispute between any Account Debtor and any Grantor, such Grantor shall provide the Administrative Agent with written notice thereof promptly after such Grantor's learning thereof, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.

Appears in 1 contract

Samples: Interconnection Agreement (Knology Holdings Inc /Ga)

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Certain Provisions Regarding Maintenance of Records and Reporting Re: Accounts. (i) In the event any amounts due and owing in excess of $500,000 individually or $1,000,000 in the aggregate are in dispute between any Account Debtor and any Grantor, such Grantor shall provide the Administrative Agent and Infogrames U.S. with written notice thereof promptly after such Grantor's learning thereof, explaining the reason for the dispute, all claims related thereto and the amount in controversy.

Appears in 1 contract

Samples: Security Agreement (Gt Interactive Software Corp)

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