Common use of Evidence of Accounts Clause in Contracts

Evidence of Accounts. Upon the creation of Accounts, or from time to time as the Bank may require, deliver to the Bank schedules of all outstanding Accounts. Such schedules shall be in form satisfactory to the Bank and shall show the age of such Accounts in intervals of not more than 30 days, and contain such other information and be accompanied by such supporting documents as the Bank may from time to time prescribe. The Borrower shall also deliver to the Bank copies of Debtor's invoices, evidences of shipment or delivery and such other schedules and information as the Bank may reasonably request. The items to be provided under this Section are to be prepared and delivered to the Bank from time to time solely for its convenience in maintaining records of the Collateral and the Borrower's failure to give any of such items to the Bank shall not affect, terminate, modify or otherwise limit the Bank's security interest granted herein.

Appears in 2 contracts

Samples: Asset Based (Cable Link Inc), Loan and Security Agreement (Moto Photo Inc)

AutoNDA by SimpleDocs

Evidence of Accounts. Upon the creation of Accounts, or from time to time as the Bank may require, deliver to the Bank schedules of all outstanding Accounts. Such schedules shall be in form satisfactory to the Bank and shall show the age of such Accounts in intervals of not more than 30 days, and contain such other information and be accompanied by such supporting documents as the Bank may from time to time prescribe. The Borrower shall also deliver to the Bank copies of Debtor's invoices, evidences of shipment or delivery and such other schedules and information as the Bank may reasonably request. The items to be provided under this Section are to be prepared and delivered to the Bank from time to time solely for its convenience in maintaining records of the Collateral and the Borrower's failure to give any of such items to the Bank shall not affect, terminate, modify or otherwise limit the Bank's security interest granted herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Take Two Interactive Software Inc)

AutoNDA by SimpleDocs

Evidence of Accounts. Upon Borrowers shall, upon the creation of Accounts, or from time to time as the Bank may require, deliver to the Bank schedules of all outstanding Accounts. Such schedules shall be in form satisfactory to the Bank and shall show the age of such Accounts in intervals of not more than 30 days, and contain such other information and be accompanied by such supporting documents as the Bank may from time to time prescriberequest. The Each Borrower shall also deliver to the Bank copies of Debtor's invoices, evidences of shipment or delivery and such other schedules and information as the Bank may reasonably request. The items to be provided under this Section are to be prepared and delivered to the Bank from time to time solely for its convenience in maintaining records of the Collateral and the Borrower's failure of any Borrower to give any of such items to the Bank shall not affect, terminate, modify or otherwise limit the Bank's security interest granted herein.

Appears in 1 contract

Samples: Workout Agreement (Quality Products Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.