Common use of Eligibility of Collateral Clause in Contracts

Eligibility of Collateral. Each Account which Reseller, expressly or by implication, requests Administrative Agent to classify as an Eligible Account will, as of the time when such request is made, conform in all respects to the requirements of such classification set forth in the definition of Eligible Accounts herein.

Appears in 3 contracts

Samples: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

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Eligibility of Collateral. Each Account which ResellerBorrower, expressly or by implication, requests Administrative Agent to classify as an Eligible Account will, as of the time when such request is made, conform in all respects to the requirements of such classification set forth in the definition of Eligible Accounts herein.

Appears in 3 contracts

Samples: Credit Facilities Agreement (MTM Technologies, Inc.), Credit Facilities Agreement (Pomeroy It Solutions Inc), Credit Facilities Agreement (Pomeroy Computer Resources Inc)

Eligibility of Collateral. Each Account Receivable or item of Inventory which Resellera Borrower shall, expressly or by implicationimplication (by inclusion on a Borrowing Base Certificate or otherwise), requests request Administrative Agent to classify as an Eligible Account Receivable or as Eligible Inventory, respectively, will, as of the time when such request is made, conform in all respects to the requirements of such classification set forth in the definition respective definitions of "Eligible Accounts Account Receivable" and "Eligible Inventory" set forth herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Companies Inc)

Eligibility of Collateral. Each Account Receivable or item of Inventory which ResellerBorrower shall, expressly or by implicationimplication (by inclusion on a Borrowing Base Certificate or otherwise), requests Administrative request Agent to classify as an Eligible Account Receivable or as Eligible Inventory, respectively, will, as of the time when such request is made, conform in all material respects to the requirements of such classification set forth in the definition respective definitions of "Eligible Accounts Account Receivable" and "Eligible Inventory" set forth herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Unifrax Investment Corp)

Eligibility of Collateral. Each Account Receivable or item of Inventory which ResellerBorrower shall, expressly or by implicationimplication (by inclusion on a Borrowing Base Certificate or otherwise), requests Administrative request the Agent to classify as an Eligible Account Receivable or Eligible Inventory, respectively, will, as of the time when such request is made, to the Borrower's knowledge conform in all respects to the requirements of such classification set forth in the definition respective definitions of "Eligible Accounts Account Receivable" or "Eligible Inventory" as applicable, set forth herein.

Appears in 1 contract

Samples: Credit Agreement (Robertson Ceco Corp)

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Eligibility of Collateral. Each Account or item of Inventory which Resellerany Borrower shall, expressly or by implication, requests Administrative request the Agent to classify as an Eligible Account or as Eligible Inventory, respectively, will, to the best of such Borrower's knowledge, as of the time when such request is made, conform in all respects to the requirements of such classification set forth in the definition respective definitions of "Eligible Accounts Accounts" and "Eligible Inventory" set forth herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Roadmaster Industries Inc)

Eligibility of Collateral. Each Account Receivable or item of Inventory which ResellerBorrower shall, expressly or by implicationimplication (by inclusion on a Borrowing Base Certificate or otherwise), requests Administrative request Agent to classify as an Eligible Account Receivable or as Eligible Inventory, respectively, will, as of the time when such request is made, conform in all respects to the requirements of such classification set forth in the definition respective definitions of "Eligible Accounts Account Receivable" and "Eligible Inventory" set forth herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer East Inc)

Eligibility of Collateral. Each Account or Item of Inventory which ResellerBorrower, expressly or by implication, requests Administrative Agent Lender to classify as an Eligible Account or as Eligible Inventory, respectively, will, as of the time when such request is made, conform in all respects to the requirements of such classification set forth in the definition respective definitions of "Eligible Accounts Accounts" and "Eligible Inventory" herein.

Appears in 1 contract

Samples: Loan Agreement (Labarge Inc)

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