Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 are in dispute between the Account Debtor and the Borrower, the Borrower shall provide the Agent with prompt written notice thereof.
Appears in 4 contracts
Samples: Loan and Security Agreement (Texfi Industries Inc), Loan and Security Agreement (Ithaca Industries Inc), Revolving Credit and Security Agreement (Synthetic Industries Inc)
Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 100,000 are in dispute between the an Account Debtor and the Borroweran Obligor, the Borrower Borrowers' Agent shall provide the Agent with prompt written notice thereof.
Appears in 4 contracts
Samples: Loan and Security Agreement (Tultex Corp), Tultex Corp, Safety Components International Inc
Disputes, Returns and Adjustments. (a1) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 100,000 are in dispute between the Account Debtor and the a Borrower, the such Borrower shall provide the Agent with prompt written notice thereof.
Appears in 3 contracts
Samples: Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/), Loan and Security Agreement (Trism Inc /De/)
Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 200,000 are in dispute between the Account Debtor and the a Borrower, the such Borrower shall provide the Administrative Agent with prompt written notice thereof.
Appears in 2 contracts
Samples: Loan and Security Agreement (Winsloew Furniture Inc), Loan and Security Agreement (Winston Furniture Co of Alabama Inc)
Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of Fifty Thousand Dollars ($500,000 50,000) are in dispute between the Account Debtor and the Borrower, the Borrower shall provide the Agent with prompt written notice thereof.
Appears in 1 contract
Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 250,000 are in dispute between the Account Debtor and the relevant Borrower, the such Borrower shall provide the Agent with prompt written notice thereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Collins Industries Inc)
Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 250,000 are in dispute between the Account Debtor and the applicable Borrower, the Borrower Borrowers shall provide the Administrative Agent with prompt written notice thereof.
Appears in 1 contract
Samples: Loan and Security Agreement (Heafner Tire Group Inc)
Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 250,000 are in dispute between the Account Debtor and the applicable Borrower, the Borrower Borrowers shall provide the Agent with prompt written notice thereof.
Appears in 1 contract
Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $500,000 150,000 are in dispute between the an Account Debtor and the a Borrower, the Borrower Borrowers shall provide the Agent with prompt written notice thereof.
Appears in 1 contract
Samples: Loan and Security Agreement (American Aircarriers Support Inc)
