Rights to Payment. To Borrower’s best knowledge, each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral is (or, in the case of all future 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 Borrower’s records pertaining thereto as being obligated to pay such obligation.
Appears in 6 contracts
Samples: Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\), Credit Agreement (Landec Corp \Ca\)
Rights to Payment. To the knowledge of the Borrower’s best knowledge, each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral is (or, in the case of all future Collateral, will be when arising or issued) the represents a valid, and 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 2 contracts
Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/)
Rights to Payment. To the Borrower’s 's best ------------------- knowledge, each right to payment and each instrument, document, chattel paper and other agreement constituting or evidencing Collateral is (or, in the case of all future 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 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 (Primesource Healthcare Inc)
