Common use of Disputes, Returns and Adjustments Clause in Contracts

Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $1,000,000 are in dispute between the Account Debtor and the Borrower, the Borrower shall provide the Agent with prompt written notice thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Standard Commercial Corp), Loan and Security Agreement (Nabi /De/)

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Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Eligible Receivable for an amount in excess of $1,000,000 250,000 are in dispute between the Account Debtor and the Borrower, the Borrower shall provide the Agent with prompt written notice thereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Burke Industries Inc /Ca/), Loan and Security Agreement (Burke Industries Inc /Ca/)

Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $1,000,000 10,000 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

Samples: Loan and Security Agreement (Supreme International Corp)

Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $1,000,000 250,000 are in dispute between the Account Debtor and the any Borrower, the Borrower Borrowers' Agent shall provide the Agent with prompt written notice thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Galileo Corp)

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Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $1,000,000 250,000 are in dispute between the an Account Debtor and the Borrowera Borrower or Trust, the Borrower Borrowers shall provide the Agent with prompt written notice thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Kellstrom Industries Inc)

Disputes, Returns and Adjustments. (a) In the event any amounts due and owing under any Receivable for an amount in excess of $1,000,000 100,000 are in dispute between the Account Debtor and the a Borrower, the Borrower Borrowers' Agent shall provide the Agent with prompt written notice thereof.

Appears in 1 contract

Samples: Loan and Security Agreement (Supreme International Corp)

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