Common use of Notice Regarding Disputed Accounts Clause in Contracts

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

Appears in 1 contract

Samples: Loan and Security Agreement (3-D Geophysical Inc)

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Notice Regarding Disputed Accounts. Borrower shall give Lender prompt notice of any Accounts which, for an Account Debtor, individually or in the aggregate in excess of One Hundred Thousand Dollars ($100,000) 25,000 at any time or from time to time which are in dispute between such any Account Debtor and Borrower. In addition, each Daily Collateral Each Accounts Report shall identify all disputed Accounts and disclosedisclose with respect thereto, in reasonable detail, the reason for the dispute, all claims related thereto and the amount in controversy. 6.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Solo Serve Corp)

Notice Regarding Disputed Accounts. Borrower The Borrowers shall give Lender ---------------------------------- prompt notice of any Accounts which, for an Account Debtor, aggregate in excess of One Hundred Twenty-Five Thousand Dollars ($100,00025,000) and which are in dispute between such Account Debtor and a 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Intellisys Group Inc)

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Notice Regarding Disputed Accounts. Borrower shall give Lender prompt notice of any of its Accounts which, for an Account Debtor, aggregate in excess of One Hundred Thousand Dollars ($100,000) 5,000 which are in dispute between such any Account Debtor and Borrower. In addition, each Daily Collateral Each Accounts Report shall identify all disputed Accounts and disclosedisclose with respect thereto, in reasonable detail, the reason for the dispute, all claims related thereto and the amount in controversy. 6.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Diana Corp)

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