Special Provisions Concerning Receivables. (a) As of the time when each Receivable arises, the Debtor shall be deemed to have warranted as to each such Receivable that such Receivable and all papers and documents relating thereto are genuine and in all respects what they purport to be, and that all papers and documents relating thereto:
(i) will be signed by the account debtor named therein (or such account debtor's duly authorized agent) or otherwise be binding on the account debtor;
(ii) will represent the genuine, legal, valid and binding obligation of the account debtor evidencing indebtedness unpaid and owed by such account debtor arising out of the performance of labor or services or the sale and delivery of merchandise or both;
(iii) to the extent evidenced by writings, will be the only original writings evidencing and embodying such obligation of the account debtor named therein; and
(iv) will be in compliance and will conform with all applicable federal, state and local laws (including applicable usury laws) and applicable laws of any relevant foreign jurisdiction.
(b) The Debtor will keep and maintain at the Debtor's own cost and expense satisfactory and complete records of the Receivables, including, but not limited to, records of all payments received, all credits granted thereon, all merchandise returned and all other dealings therewith, and the Debtor will make the same available to the Secured Party, at the Debtor's own cost and expense, at any and all reasonable times upon demand of the Secured Party. The Debtor shall, at the Debtor's own cost and expense, deliver the Receivables (including, without limitation, all documents evidencing the Receivables) and such books and records to the Secured Party or to its representatives upon its demand at any time after the occurrence of an Event of Default and, if prior to the Maturity Date, Acceleration. If the Secured Party shall so request, the Debtor shall legend, in form and manner satisfactory to the Secured Party, the Receivables and other books, records and documents of the Debtor evidencing or pertaining to the Receivables with an appropriate reference to the fact that the Receivables have been assigned to the Secured Party and that the Secured Party has a security interest therein.
(c) Except in the ordinary course of business prior to an Event of Default and, if prior to the Maturity Date, Acceleration, the Debtor will not rescind or cancel any indebtedness evidenced by any Receivable or modify any term thereof or make any adjustmen...
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS................................ 5 3.1.
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER...................................4
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER
Special Provisions Concerning Receivables. (a) As of the time when each Receivable arises, Debtor shall be deemed to have warranted as to each such Receivable that such Receivable and all papers and documents relating thereto are genuine and in all respects what they purport to be, and that all papers and documents relating thereto:
(ii) will be signed by the account debtor named therein (or such account debtor's duly authorized agent) or otherwise be binding on the account debtor;
(iii) will represent the genuine, legal, valid and binding obligation of the account debtor evidencing indebtedness unpaid and owed by such account debtor arising out of the performance of labor or services or the sale and delivery of merchandise or both;
(iv) to the extent evidenced by writings, will be the only original writings evidencing and embodying such obligation of the account debtor named therein; and
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS
3.1. Additional Representations and Warranties
Special Provisions Concerning Receivables. CONTRACT
Special Provisions Concerning Receivables. The assignment of the Receivables existent at the present time shall become effective upon the conclusion of this Agreement, whereas the assignment of all claims arising in the future shall become effective at the time of their accrual. Each such assignment takes effect without further action on the part of the parties or any other person.
Special Provisions Concerning Receivables. Borrower shall keep all of its books and records relating to Receivables at the location of the Property or at the offices of Borrower shown in Paragraph 3.05 hereof.
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 3.1.
