Common use of Sale of Goods or Services Rendered Clause in Contracts

Sale of Goods or Services Rendered. It arose from the performance of services by Borrower, or from a bona fide sale or lease of goods on terms in effect as of the date of the Agreement as disclosed by Borrower to Bank; which services have been fully performed for or which goods have been delivered or shipped to an account debtor residing in the United States or a foreign account debtor acceptable to Bank and supported by a letter of credit acceptable to Bank; and for which Borrower has genuine and complete invoices, shipping documents or receipts.

Appears in 2 contracts

Samples: Revolving Credit Agreement (National Research Corp), Loan Agreement (Itex Corp)

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Sale of Goods or Services Rendered. It arose from the performance of services by BorrowerDebtor, or from a bona fide sale or lease of goods on terms in effect as of the date of the Agreement as disclosed by Borrower to Bank; goods, which services have been fully performed for or which goods have been delivered or shipped to an account debtor residing in the United States or a foreign account debtor acceptable to Bank and supported by a letter of credit acceptable to Bank; Customer and for which Borrower Debtor has genuine and complete invoices, shipping documents or receipts, which sale is not a consignment sale, a sale on approval or a sale or return.

Appears in 2 contracts

Samples: Loan and Security Agreement (Skyline Corp), Loan and Security Agreement (Chromcraft Revington Inc)

Sale of Goods or Services Rendered. It arose from the performance of services by Borrower, or from a bona fide sale or lease of goods on terms in effect as of the date of the Agreement as disclosed by Borrower to Bank; goods, which services have been fully performed for or which goods have been delivered or shipped to an account debtor residing in the United States or a foreign account debtor acceptable to Bank and supported by a letter of credit acceptable to Bank; Customer and for which Borrower has genuine and complete invoices, shipping documents or receipts, which sale is not a consignment sale, a sale on approval or a sale or return.

Appears in 1 contract

Samples: Loan and Security Agreement (Geographics Inc)

Sale of Goods or Services Rendered. It arose from the performance of services by BorrowerDebtor, or from a bona fide sale or lease of goods on terms in effect as of the date of the this Agreement as disclosed by Borrower Debtor to BankLender; which services have been fully performed for an account debtor or which goods have been delivered or shipped to an account debtor residing in the United States or a foreign account debtor acceptable to Bank and supported by a letter of credit acceptable to BankLender; and for which Borrower Debtor has genuine and complete invoices, shipping documents or receipts.;

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Featherlite Inc)

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Sale of Goods or Services Rendered. It arose from the performance of services by Borrower, or from a bona fide sale or lease of goods on terms in effect as of the date of the Agreement as disclosed by Borrower to Bank; which services have been fully performed for an account debtor or which goods have been delivered or shipped to an account debtor residing in the United States or to a foreign account debtor acceptable to Bank and supported by a letter of credit acceptable to Bank; and for which Borrower has genuine and complete invoices, shipping documents or receipts.

Appears in 1 contract

Samples: Revolving Credit Agreement (Itex Corp)

Sale of Goods or Services Rendered. It arose from the performance of services by Borrower, or from a bona fide sale or lease of goods on terms in effect as of the date of the Agreement as disclosed by Borrower to Bank; goods, which services have been fully performed for or which goods have been delivered or shipped to an account debtor residing in the United States or a foreign account debtor acceptable to Bank and supported by a letter of credit acceptable to Bank; customer and for which Borrower has genuine and complete invoices, shipping documents or receipts, which sale is not a consignment sale, a “sale on approval” or a “sale or return.

Appears in 1 contract

Samples: Loan and Security Agreement (Pioneer Power Solutions, Inc.)

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