Common use of Information Relating to Accounts Clause in Contracts

Information Relating to Accounts. In furtherance of the continuing assignment and security interest in each Obligor's Accounts, each Obligor will, upon the creation of Accounts, execute and deliver to the Agent in such form and manner as the Agent may reasonably require, solely for the Agent's convenience in maintaining records of collateral, such confirmatory schedules of Accounts as the Agent may reasonably request, and such other appropriate reports designating, identifying and describing the Accounts as the Agent may reasonably require. In addition, upon the Agent's request, such Obligor shall provide the Agent and each of the Lenders with copies of agreements with, or purchase orders from, the Obligor's customers, and copies of invoices to customers, proof of shipment or delivery and such other documentation and information relating to said Accounts and other collateral as the Agent may reasonably require. Failure to provide the Agents or any of the Lenders with any of the foregoing shall in no way affect, diminish, modify or otherwise limit the security interests granted herein. Each Obligor hereby authorizes the Agent to regard its printed name or rubber stamp signature on assignment schedules or invoices as the equivalent of a manual signature by one of such Borrower's authorized officers or agents.

Appears in 2 contracts

Samples: Financing Agreement (Arcon Coating Mills Inc), Financing Agreement (Fibermark Inc)

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Information Relating to Accounts. In furtherance of the continuing assignment and security interest in each Obligor's Accounts, each Obligor will, upon the creation of Accounts, execute and deliver to the Agent in such form and manner as the Agent may reasonably require, solely for the Agent's convenience in maintaining records of collateral, such confirmatory schedules of Accounts as the Agent may reasonably request, and such other appropriate reports designating, identifying and describing the Accounts as the Agent may reasonably require. In addition, upon the Agent's request, such Obligor shall provide the Agent and each of the Lenders with copies of agreements with, or purchase orders from, the Obligor's customers, and copies of invoices to customers, proof of shipment or delivery and such other documentation and information relating to said Accounts and other collateral as the Agent may reasonably require. Failure to provide the Agents or any of the Lenders with any of the foregoing shall in no way affect, diminish, modify or otherwise limit the security interests granted herein. Each Obligor hereby authorizes the Agent to regard its printed name or rubber stamp signature on assignment schedules or invoices as the equivalent of a manual signature by one of such BorrowerObligor's authorized officers or agents.

Appears in 1 contract

Samples: Financing Agreement (Fibermark Inc)

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Information Relating to Accounts. In furtherance of the continuing assignment and security interest in each Obligor's ’s Accounts, each Obligor will, upon the creation of Accounts, execute and deliver to the Agent in such form and manner as the Agent may reasonably require, solely for the Agent's ’s convenience in maintaining records of collateral, such confirmatory schedules of Accounts as the Agent may reasonably request, and such other appropriate reports designating, identifying and describing the Accounts as the Agent may reasonably require. In addition, upon the Agent's ’s request, such Obligor shall provide the Agent and each of the Lenders with copies of agreements with, or purchase orders from, the Obligor's ’s customers, and copies of invoices to customers, proof of shipment or delivery and such other documentation and information relating to said Accounts and other collateral as the Agent may reasonably require. Failure to provide the Agents or any of the Lenders with any of the foregoing shall in no way affect, diminish, modify or otherwise limit the security interests granted herein. Each Obligor hereby authorizes the Agent to regard its printed name or rubber stamp signature on assignment schedules or invoices as the equivalent of a manual signature by one of such Borrower's Obligor’s authorized officers or agents.

Appears in 1 contract

Samples: Financing Agreement (Fibermark Inc)

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