Common use of Representations Relating to Accounts Clause in Contracts

Representations Relating to Accounts. Borrower represents and warrants to Agent and Lenders 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 2 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Cardlytics, Inc.)

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Representations Relating to Accounts. Borrower represents and warrants to Agent and Lenders Lender 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, Loan and Security Agreement (Nlight, Inc.)

Representations Relating to Accounts. Borrower represents and warrants to Agent and Lenders 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 un-conditional 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 (Cardlytics, Inc.)

Representations Relating to Accounts. Borrower represents and warrants to Agent and Lenders Lender 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 (Biolase, Inc)

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Representations Relating to Accounts. Borrower represents and warrants to Agent and Lenders Lender 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.. 4.2

Appears in 1 contract

Samples: Loan and Security Agreement (CalAmp Corp.)

Representations Relating to Accounts. Borrower represents and warrants to Agent and Lenders Lender 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 (Xplore Technologies Corp)

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