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:
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS; CONCENTRATION ACCOUNT..................................................... 7
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER AND CERTAIN OTHER COLLATERAL.......................................6
Special Provisions Concerning Receivables. CONTRACT RIGHTS; INSTRUMENTS
Special Provisions Concerning Receivables. (a) As of the time when ----------------------------------------- each Receivable of the Debtor 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 each such Receivable (i) will, to its knowledge, represent the legal, valid and binding obligation of the account debtor thereon for the unpaid amount owed by such account debtor for the sale and delivery by the Debtor of the goods, or the performance by the Debtor of the services, listed therein, (ii) will be the only original writings evidencing and embodying such obligation of the account debtor named therein, (iii) will evidence obligations arising in the ordinary course of the Debtor's business in one or more arm's-length transactions, not subject to any stamp or other taxes, except as shall be disclosed to the Bank, and (iv) will be, to the best knowledge of the Debtor, in compliance and will conform with all applicable federal, state and local laws. The Debtor shall use its best efforts to take all steps necessary to preserve the liability of each account debtor, guarantor, endorser, obligor or secondary party on or with respect to the Receivables of the Debtor.
Special Provisions Concerning Receivables. The Debtor and the Subsidiaries jointly and severally represent, warrant and covenant to the Secured Party as follows:
Special Provisions Concerning Receivables. (a) 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. (1) 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. CONTRACT RIGHTS; INSTRUMENTS; CHATTEL PAPER . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 3.1.
Special Provisions Concerning Receivables. CONTRACT
