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.
Appears in 1 contract
Samples: Security Agreement (Headway Corporate Resources Inc)
Notice Regarding Disputed Accounts. In the event any amounts due and owing in excess of $500,000 250,000 individually, or $1,200,000 500,000 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 the 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.
Appears in 1 contract
Samples: Stock Pledge Agreement (Cultural Access Worldwide Inc)
Notice Regarding Disputed Accounts. In the event any amounts due and owing in excess of $500,000 50,000 individually, or $1,200,000 100,000 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 Collateral Agent for the benefit of the Purchasers 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.
Appears in 1 contract
Notice Regarding Disputed Accounts. In the event any amounts due ---------------------------------- and owing in excess of $500,000 250,000 individually, or $1,200,000 500,000 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.
Appears in 1 contract