Common use of Notes Receivable Clause in Contracts

Notes Receivable. No Receivable is an Instrument, Document, or Chattel Paper or is evidenced by any note, draft, trade acceptance, or other instrument for the payment of money, except such Instrument, Document, Chattel Paper, note, draft, trade acceptance, or other instrument as has been endorsed and delivered by Debtor to Secured Party and has not been presented for payment and returned uncollected for any reason.

Appears in 4 contracts

Samples: Loan and Security Agreement (FFP Marketing Co Inc), Loan and Security Agreement (FFP Partners L P), Promissory Note (Otr Express Inc/Ks)

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Notes Receivable. No Receivable is an Instrument, Document, Document or Chattel Paper or is evidenced by any note, draft, trade acceptance, or other instrument for the payment of money, except such Instrument, Document, Chattel Paper, note, note draft, trade acceptance, or other instrument as has been endorsed indorsed and delivered by Debtor to Secured Party and has not been presented for payment and returned uncollected for any reasonParty.

Appears in 2 contracts

Samples: Loan and Security Agreement (Delsoft Consulting Inc), Loan and Security Agreement (Computone Corporation)

Notes Receivable. No Receivable is an Instrument, Document, or Chattel Paper or is evidenced by any note, draft, trade acceptance, or other instrument for the payment of money, except such Instrument, Document, Chattel Paper, note, draft, trade acceptance, or other instrument as has been endorsed and delivered by Debtor the applicable Borrower or Guarantor to Secured Party the applicable Collateral Agent and has not been presented for payment and returned uncollected for any reason.

Appears in 1 contract

Samples: Credit Agreement (Westcon Group Inc)

Notes Receivable. No Receivable receivable is an Instrumentinstrument, Documentdocument, or Chattel Paper chattel paper or is evidenced by any note, draft, trade acceptance, or other instrument for the payment of money, except such Instrumentinstrument, Documentdocument, Chattel Paperchattel paper, note, draft, trade acceptance, or other instrument as has been endorsed and delivered by Debtor Borrower to Secured Party Lenders and has not been presented for payment and returned uncollected for any reason.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Koala Corp /Co/)

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Notes Receivable. No Receivable is an Instrument, Document, or Chattel Paper or is evidenced by any note, draft, trade acceptance, or other instrument for the payment of money, except such Instrument, Document, Chattel Paper, note, draft, trade acceptance, or other instrument as has been endorsed and delivered by Debtor to Secured Party Agent and has not been presented for payment and returned uncollected for any reason.

Appears in 1 contract

Samples: Loan and Security Agreement (Sigmatron International Inc)

Notes Receivable. No Receivable is an Instrument, Document, or Chattel Paper or is evidenced by any note, draft, trade acceptance, or other instrument for the payment of money, except such Instrument, Document, Chattel Paper, note, draft, trade acceptance, or other instrument as has been endorsed and delivered by applicable Debtor to Secured Party and has not been presented for payment and returned uncollected for any reason.

Appears in 1 contract

Samples: Loan and Security Agreement (Elecsys Corp)

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