Common use of Disclosure of Counterclaims on Receivables Clause in Contracts

Disclosure of Counterclaims on Receivables. If (i) any material discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on a Receivable exists or (ii) if, to the knowledge of the Borrower, any material dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened with respect to a Receivable, the Borrower will promptly disclose such fact to the Lender in writing.

Disclosure of Counterclaims on Receivables. If any material (i) any material discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on a any Receivable not in the ordinary course owned by the Borrower exists or (ii) if, to the knowledge of the Borrower, any material dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened with respect to a any such Receivable, the Borrower will promptly disclose such fact to the Lender in writing.

Disclosure of Counterclaims on Receivables. If after the occurrence of a Default (iA) any material discount, credit or agreement to make a rebate or to otherwise materially reduce the amount owing on a any Receivable exists owned by an Obligor exists, or (iiB) if, to the knowledge of the Borroweran Obligor, any material dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened with respect to a any such Receivable, the Borrower such Obligor will promptly disclose such fact to the Lender PBGC in writing.

Disclosure of Counterclaims on Receivables. If (i) any material discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on a Receivable exists or (ii) if, to the knowledge of the Borrower, any material dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened with respect to a Receivable, the Borrower will promptly disclose such fact to the Lender in writingwriting in connection with Lender’s field examinations relating to such Receivable.

Disclosure of Counterclaims on Receivables. If (other than in the ordinary course of business) (i) any material discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on a material Receivable comprising Collateral exists or (ii) if, to the knowledge of the Borrowerany Grantor, any material dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened in writing with respect to a Receivablematerial Receivable comprising Collateral, the Borrower Grantors will promptly disclose such fact to the Lender Collateral Agent in writing.

Disclosure of Counterclaims on Receivables. If If, other than in the ordinary course of business, and during any period in which a Default has occurred and is continuing, (i) any material discount, credit or agreement to make a rebate or to otherwise reduce the amount owing on a Receivable exists or (ii) if, to the knowledge of the BorrowerGrantor, any material dispute, setoff, claim, counterclaim or defense exists or has been asserted or threatened with respect to a Receivable, the Borrower will promptly disclose such fact to the Lender in writing.a