Notice Regarding Disputed Accounts Sample Clauses

Notice Regarding Disputed Accounts. In the event any amounts due and owing in excess of $10,000 are in dispute between any Account Debtor and the Grantor (which shall include without limitation any dispute in which an offset claim or counterclaim may result), the Grantor shall provide the Secured Parties with written notice thereof as soon as practicable, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.
AutoNDA by SimpleDocs
Notice Regarding Disputed Accounts. Borrowers shall give Agent prompt notice of any dispute in excess of $300,000 in respect of any Account. Each such notice shall identify any such disputed Account and disclose with respect thereto, in reasonable detail, the reason for the dispute, all claims related thereto and the amount in controversy. Agent shall promptly notify each Lender of receipt of such a notice.
Notice Regarding Disputed Accounts. In the event any amounts due and owing in excess of $250,000.00 are in dispute between any Account Debtor and Borrower (which shall include, without limitation, any dispute in which an offset, claim or counterclaim may result), Borrower shall notify Lender of the same immediately, explaining in detail the reason for the dispute, all claims relating thereto and the amount in controversy.
Notice Regarding Disputed Accounts. Borrower shall give Lender prompt notice of any Accounts which, for an Account Debtor, aggregate in excess of One Hundred Thousand Dollars ($100,000) in dispute between such Account Debtor and Borrower. In addition, each Daily Collateral Report shall identify all disputed Accounts and disclose, in reasonable detail, the reason for the dispute, all claims related thereto and the amount in controversy. 6.4
Notice Regarding Disputed Accounts. 21 6.4 .....................................................Sale or Encumbrance of Accounts.21
Notice Regarding Disputed Accounts. In the event any amounts due and owing in excess of $500,000 individually, or $1,200,000 in the aggregate amount, are in dispute between any Account Debtor and a Grantor (which shall include without limitation any dispute in which an offset claim or counterclaim may result), such Grantor shall provide the Agent with written notice thereof as soon as practicable, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.
Notice Regarding Disputed Accounts. In the event any amounts due and owing in excess of $100,000 are in dispute between any Account Debtor and Pledgor (which shall include, without limitation, any dispute in which an offset claim or counterclaim may result), Pledgor shall provide the Secured Party with written notice thereof promptly, explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.
AutoNDA by SimpleDocs
Notice Regarding Disputed Accounts. In the event of a dispute involving an amount due and owing in excess of $500,000 between any Account Debtor and any Borrower (which shall include, without limitation, any dispute in which an offset claim or counterclaim may result), such Borrower shall promptly, but in no event later than ten (10) Business Days, provide the Secured Party with written notice thereof explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy.
Notice Regarding Disputed Accounts. In the event any amount due and owing in excess of Ten Thousand and no/100 Dollars ($10,000.00) is in dispute for a period of thirty (30) days or more after any Borrower receives notice or obtains knowledge thereof between any Borrower and an Account Debtor, such Borrower shall provide the Bank with written notice thereof at the time of submission of the next Schedule of Accounts explaining in detail the reason for the dispute, all claims related thereto and the amount in controversy; provided, however, in the event the aggregate total of such amounts in dispute exceeds Fifty Thousand and no/100 Dollars ($50,000.00), such written notice must be provided to the Bank immediately upon such Borrower having knowledge of such disputes.
Notice Regarding Disputed Accounts. Borrowers shall give Lender prompt written notice of any Account which is in dispute between an Account Debtor and Borrowers for an amount in excess of $15,000. Each Accounts Report shall identify all such disputed accounts and disclose with respect thereto, in a reasonable detail, the reason for the dispute, all claims related thereto and the amount in controversy.
Time is Money Join Law Insider Premium to draft better contracts faster.