Compliance with Eligibility Standards. Each Account and all Inventory included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Receivables and Eligible Inventory. With respect to those Accounts that the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences that in any way impair the validity, collectibility or enforceability thereof or tend to reduce the amount payable thereunder; and (b) there are no proceedings or actions known to any Borrower which are threatened or pending against any Account Debtor that might result in any material adverse change in the Borrowing Base.
Compliance with Eligibility Standards. Each Account and all Inventory included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Credit Card Receivables, Eligible Trade Receivables and Eligible Inventory. With respect to those Accounts that the Agent has deemed Eligible Credit Card Receivables or Eligible Trade Receivables (a) there are no facts, events or occurrences that in any way impair the validity, collectibility or enforceability thereof or tend to reduce the amount payable thereunder; and (b) there are no proceedings or actions known to the Borrowers which are threatened or pending against any Account Debtor that might result in any material adverse change in the Borrowing Base.
Compliance with Eligibility Standards. Each Receivable included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Receivables. With respect to those Receivable that the Agent has deemed Eligible Receivables (a) there are no facts, events or occurrences that in any way impair the validity, collectibility or enforceability thereof or tend to reduce the amount payable thereunder; and (b) there are no proceedings or actions known to the Borrower that are threatened or pending against any Account Debtor that might result in any material adverse change in the Borrowing Base.
Compliance with Eligibility Standards. Each Account of Borrowers included in the calculation of the Borrowing Base does and will at all times that it is included in the Borrowing Base meet and comply with all of the standards for Eligible Receivables. With respect to those Accounts of Borrowers which Lender has deemed Eligible Receivables (a) to the knowledge of Borrowers, there are no facts, events or occurrences which could materially impair the validity, collectibility or enforceability thereof or tend to reduce the amount payable thereunder; and (b) there are no proceedings or actions known to Borrowers that are threatened or pending against any Account Debtor which might result in any material adverse change in the Borrowing Base.
Compliance with Eligibility Standards. Unless the Lender is advised by the Borrower in writing to the contrary, each Account described in any schedule, certificate, record and data furnished to the Lender for purposes of calculating the Borrowing Base will at all times meet and comply with the Eligibility Standards.
Compliance with Eligibility Standards. Each account and all inventory included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Receivables and Eligible Inventory. With respect to those accounts which the Administrative Agent has deemed Eligible Receivables (a) each account which originated as an account of a Local Currency Borrower or which arose on account of goods or services provided by a Local Currency Borrower and which the Administrative Agent has deemed to be an Eligible Receivables, is an Assigned Local Currency Receivable, (b) without implying any limitation on the effect of clause (a), to the best of the Borrowers' knowledge, there are no facts, events or occurrences which reasonably would be expected to impair the validity, collectibility or enforceability thereof or tend to reduce the amount payable thereunder; and (c) there are no proceedings or actions known to any Borrower which are threatened or pending against any Account Debtor which reasonably would be expected to result in any material adverse change in the Borrowing Base.
Compliance with Eligibility Standards. Except as disclosed in Schedule 4.1.27, to the best of the Obligors’ knowledge in the exercise of diligence, each Account and all Inventory included in the calculation of the Borrowing Base or the Dutch Borrowing Base does, as of the time of the most recent Borrowing Base Report and Dutch Borrowing Base Report, as appropriate, meet and comply with all of the standards for Eligible U.S. Receivables, Eligible Inventory, Insured Eligible Spanish Receivables, Insured Eligible U.K. Receivables, Eligible Dutch Receivables and Insured Eligible Dutch Receivables, as appropriate. With respect to those Accounts which the Lender has deemed Eligible U.S. Receivables, Insured Eligible Spanish Receivables, Insured Eligible U.K. Receivables, Eligible Dutch Receivables or Insured Eligible Dutch Receivables (a) there are no facts, events or occurrences known to any Obligor which in any way impair the validity, collectibility or enforce ability thereof or tend to reduce the amount payable thereunder; and (b) there are no proceedings or actions known to any Obligor which are threatened or pending against any Account Debtor which might result in any material adverse change in the U.S. Borrowing Base or in the Dutch Borrowing Base.
Compliance with Eligibility Standards. Unless the Lender is advised by the Borrowers in writing to the contrary, each Account and each lease described in any schedule, certificate, record and data furnished to the Lender for purposes of calculating the Facility 4 Borrowing Base will at all times meet and comply with the eligibility requirements set forth in this Agreement.
Compliance with Eligibility Standards. Each Account included in the calculation of the Borrowing Base does and will at all times meet and comply with all of the standards for Eligible Receivables. With respect to those Accounts which the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences which in any way impair the validity, collectibility or enforceability thereof or tend to reduce the amount payable thereunder; and (b) there are no proceedings or actions known to any Borrower that are threatened or pending against any Account Debtor which might result in any material adverse change in the Borrowing Base.
Compliance with Eligibility Standards. Each Account of the Borrower and all Inventory included in the calculation of the Borrowing Base does, as of the time of the most recent Borrowing Base Report,meet and comply with all of the standards for Eligible Receivables and Eligible Inventory. With respect to all Eligible Receivables set forth in the most recent Borrowing Base Report (a) there are no facts, events or occurrences known to the Borrower which in any way materially impair the validity, collectability or enforceability thereof or tend to reduce the amount payable thereunder; and (b)there are no proceedings or actions known to the Borrower which are threatened or pending against any Account Debtor which could reasonably be expected to result in any material adverse change in the Borrowing Base.
