Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 36 contracts
Samples: Credit and Security Agreement (Medical Graphics Corp /Mn/), Credit and Security Agreement (Naturade Inc), Credit and Security Agreement (Telular Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 24 contracts
Samples: Credit and Security Agreement (HC2 Holdings, Inc.), Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (MGP Ingredients Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, counterclaim of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligationthat instrument.
Appears in 16 contracts
Samples: Credit and Security Agreement (Nortech Systems Inc), Credit and Security Agreement (Spectranetics Corp), Credit and Security Agreement
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 14 contracts
Samples: Credit and Security Agreement (Hc2 Holdings, Inc.), Credit and Security Agreement (2nd Swing Inc), Credit and Security Agreement (Kitty Hawk Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor Account Debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 4 contracts
Samples: Credit and Security Agreement (Netlist Inc), Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Pro Dex Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's Borrowers' records pertaining thereto as being obligated to pay such obligation.
Appears in 3 contracts
Samples: Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Emrise CORP)
Rights to Payment. Each right to payment and each ----------------- instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 3 contracts
Samples: Credit and Security Agreement (Bentley International Inc), Credit and Security Agreement (Act Teleconferencing Inc), Credit and Security Agreement (Data National Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the applicable Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 3 contracts
Samples: Credit and Security Agreement (Leather Factory Inc), Credit and Security Agreement (Sportsmans Guide Inc), Credit and Security Agreement (Luminant Worldwide Corp)
Rights to Payment. Each To the best of Company’s knowledge, each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral under this Agreement or collateral under any other collateral covered by the Security Documents Document is (or, in the case of all future Collateral or other such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, counterclaim of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligationthat instrument.
Appears in 3 contracts
Samples: Credit and Security Agreement (Analysts International Corp), Credit and Security Agreement (Analysts International Corp), Credit and Security Agreement (Analysts International Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's Borrowers' records pertaining thereto as being obligated to pay such obligation.
Appears in 3 contracts
Samples: Credit and Security Agreement (Medical Dynamics Inc), Credit and Security Agreement (Microtel International Inc), Credit and Security Agreement (Nu Kote Holding Inc /De/)
Rights to Payment. Each Except as reported to Lender in writing from time to time, each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's Borrowers’ records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Credit and Security Agreement (Synergetics Usa Inc), Credit and Security Agreement (Synergetics Usa Inc)
Rights to Payment. Each right to payment and each instrumentInstrument, document, chattel paper Chattel Paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement (Rf Monolithics Inc /De/)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's Borrowers’ records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Credit and Security Agreement (Smtek International Inc), Credit and Security Agreement (Pacific Cma Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the any Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Credit and Security Agreement (Global Employment Holdings, Inc.), Credit and Security Agreement (Global Employment Holdings, Inc.)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation, unless such Collateral is excluded from the Borrowing Base.
Appears in 2 contracts
Samples: Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/)
Rights to Payment. Each right to payment and each instrumentInstrument, documentDocument, chattel paper Chattel Paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising arising, issued or issuedassigned to the Secured Party) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaimcounterclaim (other than those arising in the ordinary course of business), of the account debtor Account Debtor or other obligor named therein or in the Borrower's Debtor’s records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Security Agreement (1847 Holdings LLC), Security Agreement (1847 Goedeker Inc.)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's applicable Credit Party’s records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Loan and Security Agreement (Workstream Inc), Loan and Security Agreement (Workstream Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the any Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Credit and Security Agreement (Ramtron International Corp), Credit and Security Agreement (Allis Chalmers Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation, except ordinary course of business returns and credit memos.
Appears in 2 contracts
Samples: Credit and Security Agreement (Hei Inc), Credit and Security Agreement (Hei Inc)
Rights to Payment. Each right to payment and each instrument----------------- Instrument, document, chattel paper Chattel Paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement (Rf Monolithics Inc /De/)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's Debtor’s records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Loan and Security Agreement (Skyline Corp), Loan and Security Agreement (Chromcraft Revington Inc)
Rights to Payment. Each right to payment in excess of $500.00 and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Credit and Security Agreement (Royal Precision Inc), Credit and Security Agreement (Royal Precision Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaimcounterclaim (other than in the ordinary course of business or as reserved on the Borrowers’ books and records), of the account debtor Borrowers or other obligor named therein or in the Borrower's Borrowers’ records pertaining thereto as being obligated to pay such obligation.
Appears in 2 contracts
Samples: Debtor in Possession Loan and Security Agreement, Debtor in Possession Loan and Security Agreement (Capital Growth Systems Inc /Fl/)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligationobligation (to the knowledge of the officers of the Borrower), subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's Borrowers’ records pertaining thereto as being obligated to pay such obligation, except for rights of off set in favor of account debtors arising under applicable law and in the ordinary course of business.
Appears in 1 contract
Samples: Loan and Security Agreement (Vein Associates of America Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation, subject to reserves that are customary in accordance with their past practice or otherwise in the range of similar discounts in the industry.
Appears in 1 contract
Samples: Credit and Security Agreement (Rf Monolithics Inc /De/)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the applicable Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Leather Factory Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrowerapplicable Obligor's records pertaining thereto as being obligated to pay such obligationobligation except as set forth in Schedule 5.17.
Appears in 1 contract
Samples: Credit and Security Agreement (U S Plastic Lumber Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, and to the best knowledge of each Borrower, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the any Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Pentastar Communications Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Rights to Payment. Each right to payment and each ----------------- instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Loan Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Loan and Security Agreement (Horizon Organic Holding Corp)
Rights to Payment. Each right to payment and each instrument, document, and chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s or Guarantor’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Loan Agreement (Seneca Gaming Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Boots & Coots International Well Control Inc)
Rights to Payment. Each right to payment and each instrument, instrument document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, counterclaim of the account debtor or other obligor named therein or in that instrument, except for disputes and other matters arising in the Borrower's records pertaining thereto as being obligated to pay such obligationordinary course of business.
Appears in 1 contract
Samples: Credit and Security Agreement (Command Security Corp)
Rights to Payment. Each right to payment and each ----------------- instrument, document, chattel paper document and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff set off or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no valid defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Delphax Technologies Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents and each obligation thereunder is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Sunrise Educational Services Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no valid defense, setoff or counterclaim, of the account debtor or other obligor named therein therein, or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Delphax Technologies Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the each Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Bionova Holding Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral, Guarantor Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral, Guarantor Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrowerany Company's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Eagle Geophysical Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, obligation of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Brauns Fashions Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper Chattel Paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security other Loan Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the BorrowerFrontline's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Term Loan and Security Agreement (Frontline Communications Corp)
Rights to Payment. Each right to payment and each ------------------- instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.. 19
Appears in 1 contract
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaimcounterclaim (other than those arising in the ordinary course of business), of the account debtor or other obligor named therein or in the Borrower's or any Subsidiary's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Health Fitness Physical Therapy Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.. Credit and Security Agreement
Appears in 1 contract
Samples: Credit and Security Agreement (Winland Electronics Inc)
Rights to Payment. Each right to payment and each instrument, ----------------- document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateralCollateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, subject to no defense, setoff or counterclaimcounterclaim (except as set forth in periodic collateral reports provided by the Debtor to the Lender), of the account debtor or other obligor named therein or in the BorrowerDebtor's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Rights to Payment. Each right to payment and each instrument, document, chattel paper paper, and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will shall be when arising or issued) the valid, genuine genuine, and legally enforceable obligationobligation of the account debtor, any other obligor named therein, and any other obligor named in Borrower's records as being obligated thereon, subject to no defense, setoff setoff, or counterclaim, of the account debtor or other obligor named therein or in the Borrower's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Senior Borrowing Base Revolving Line of Credit Agreement (Fortress Group Inc)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, to the best of Borrower's knowledge, subject to no defense, setoff or counterclaim, of the account debtor or other obligor named therein or in the Borrower's or Atrix's records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract
Samples: Credit and Security Agreement (Atrix Acquisition Corp)
Rights to Payment. Each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral or other collateral covered by the Security Documents is (or, in the case of all future Collateral or such other collateral, will be when arising or issued) the valid, genuine and legally enforceable obligation, to the Borrower’s knowledge subject to no defense, setoff or counterclaimcounterclaim outside of the ordinary course of business, of the account debtor or other obligor named therein or in the Borrower's ’s records pertaining thereto as being obligated to pay such obligation.
Appears in 1 contract