Common use of Representations Relating to Accounts Clause in Contracts

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 21 contracts

Samples: Loan and Security Agreement (Chyron Corp), Loan and Security Agreement (Click2learn Inc/De/), Loan and Security Agreement (Sento Corp)

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Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's ’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 20 contracts

Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/), Loan and Security Agreement (Maxwell Technologies Inc), Loan and Security Agreement (Rackable Systems, Inc.)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, : (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's ’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 4 contracts

Samples: Loan and Security Agreement (Cogent Communications Group Inc), Loan and Security Agreement (Relm Wireless Corp), Loan and Security Agreement (Cogent Communications Group Inc)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent represents an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's ’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Applied Precision, Inc.), Loan and Security Agreement (Applied Precision, Inc.)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, sale and acceptance delivery of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's ’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xplore Technologies Corp), Loan and Security Agreement (Xplore Technologies Corp)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Revolving Loans are requested by Borrower shall, on the date each Revolving Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Picis Inc), Loan and Security Agreement (Picis Inc)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's ’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.. **

Appears in 1 contract

Samples: Loan and Security Agreement (Pivotal Corp)

Representations Relating to Accounts. Borrower represents Borrowers jointly and warrants severally, represent and warrant to Silicon as follows: Each Account with respect to which Loans are requested by Borrower Borrowers shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of each Borrower's ’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 1 contract

Samples: Loan and Security Agreement (Xenogen Corp)

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Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, delivery and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 1 contract

Samples: Loan and Security Agreement (Divx Inc)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, : (ia) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's ’s business, and (iib) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 1 contract

Samples: Loan and Security Agreement (Comdial Corp)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account /*Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's ’s business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.. *Eligible

Appears in 1 contract

Samples: Loan and Security Agreement (Three Five Systems Inc)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans or other extensions of credit are requested by Borrower shall, on the date each Loan or other extension of credit is requested and made, (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 1 contract

Samples: Loan and Security Agreement (Isilon Systems, Inc.)

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, : (i) represent an undisputed bona fide existing unconditional obligation of the Account Debtor created by the sale, delivery, and acceptance of goods or the rendition of services, or the non-exclusive licensing of Intellectual Property, in the ordinary course of Borrower's business, and (ii) meet the Minimum Eligibility Requirements set forth in Section 8 below.

Appears in 1 contract

Samples: Loan and Security Agreement (Animas Corp)

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