Common use of Financial Condition of Account Debtor Clause in Contracts

Financial Condition of Account Debtor. Neither the Borrower nor the Bank has any notice or knowledge of anything which might impair the credit standing of the account debtor or the prospect of payment of the account, nor does the dollar amount of past-due invoices as a portion of the total dollar amount due from an account debtor exceed 15%, which limitation may change from time to time;

Financial Condition of Account Debtor. Neither the Borrower nor the Bank has any notice or knowledge of anything which might impair the credit standing of the account debtor or the prospect of payment of the account, nor does the dollar amount of past-due invoices as a portion of the total dollar amount due from an account debtor exceed 15%N/A%, which limitation may change from time to time;.

Financial Condition of Account Debtor. Neither the Borrower borrower nor the Bank has any notice or knowledge of anything which might impair the credit standing of the account debtor or the prospect of payment of the account, nor does the dollar amount of past-past due invoices as a portion of the total dollar amount due from an account debtor exceed 15N/A %, which limitation imitation may change from time to time;

Financial Condition of Account Debtor. Neither the Borrower nor the Bank has any notice or knowledge of anything which might impair the credit standing of the account debtor or the prospect of payment of the account, nor does the dollar amount of past-due invoices as a portion of the total dollar amount due from an account debtor exceed 1510 %, which limitation may change from time to time;