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 per Borrower’s contracts, the deemed acceptance of goods (which Borrower sends FOB point of shipping) 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.

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 per Borrower’s contractsEXHIBIT 10.9 - LOAN AND SECURITY AGREEMENT BETWEEN XXXX SYSTEMS, the deemed INC. AND SILICON VALLEY BANK acceptance of goods (which Borrower sends FOB point of shipping) 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.

Representations Relating to Accounts. Borrower represents and warrants to Silicon as follows: Each Account with respect to which Loans are requested identified by Borrower to Silicon as an Eligible Account and shown by Borrower to meet the Minimum Eligibility Requirements set forth in the definition thereof in a report required hereunder shall, on at the date each Loan is requested and madetime of such report, (i) represent an undisputed bona fide existing unconditional obligation of the pertinent Account Debtor created by the sale, delivery, and per Borrower’s contracts, the deemed acceptance of goods (which Borrower sends FOB point of shipping) 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 belowRequirements.