Common use of REPRESENTATIONS RELATING TO RECEIVABLES Clause in Contracts

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, 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 in the ordinary course of Borrower's business.

Appears in 20 contracts

Samples: Loan and Security Agreement (Avtel Communications Inc/De), Loan and Security Agreement (3do Co), Loan and Security Agreement (Prologic Management Systems Inc)

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REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, 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 in the ordinary course of Borrower's business.

Appears in 10 contracts

Samples: Loan and Security Agreement (Jore Corp), Loan and Security Agreement (Ocean Optique Distributors Inc), Loan and Security Agreement (Sync Research Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Each Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower Borrowers shall, on the date each Loan is requested and made, 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 in the ordinary course of the applicable Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Mai Systems Corp)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, 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 in the ordinary course of Borrower's business., including warranty obligations as

Appears in 1 contract

Samples: Loan and Security Agreement (CSL Lighting Manufacturing Inc)

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REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents and warrants to Coast as follows: Each Receivable all Collections with respect to which Loans are requested by Borrower shall, on the date each Loan is requested and made, represent an undisputed bona fide existing unconditional obligation of the Collections from Account Debtor Debtors on Receivables created by the sale, delivery and acceptance of goods or the rendition of services in the ordinary course of Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Webvalley Inc)

REPRESENTATIONS RELATING TO RECEIVABLES. Borrower represents Borrowers represent and warrants warrant to Coast as follows: Each Receivable with respect to which Loans are requested by Borrower Borrowers shall, on the date each Loan is requested and made, 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 in the ordinary course of Borrower's and/or Co-Borrower's business.

Appears in 1 contract

Samples: Loan and Security Agreement (Destron Fearing Corp /De/)

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