Common use of Compliance with Eligibility Standards Clause in Contracts

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 Receivables and Eligible InventoryReceivables. With respect to those Accounts that which the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences that 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 which are threatened or pending against any Account Debtor that which 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 Receivables and Eligible Inventory. With respect to those Accounts that which the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences that 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 which that are threatened or pending against any Account Debtor that which 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 Receivables and Eligible InventoryReceivables. With respect to those Accounts that which the Lender Agent has deemed Eligible Receivables (a) there are no facts, events or occurrences that 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 which are threatened or pending against any Account Debtor that which 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 Receivables and Eligible Inventory. With respect to those Accounts that which the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences that which in any way 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 any Borrower which are threatened or pending against any Account Debtor that which 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 Receivables and Eligible InventoryReceivables. With respect to those Accounts that which the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences that 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 the Borrowers which are threatened or pending against any Account Debtor that which 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 Receivables and Eligible InventoryReceivables. With respect to those Accounts that which the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences that 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 the Borrower which that are threatened or pending against any Account Debtor that which 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 Receivables and Eligible InventoryReceivables. With respect to those Accounts that the Lender has deemed which constitutes Eligible Receivables (a) to the Borrower's knowledge there are no facts, events or occurrences that 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 the Borrower which are threatened or pending against any Account Debtor that which 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 Receivables and Eligible InventoryReceivables. With respect to those Accounts that which the Lender has deemed Eligible Receivables (a) there are no facts, events or occurrences that 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 the Borrower which are threatened or pending against any Account Debtor that which might result in any material adverse change in the Borrowing Base.