Valid Accounts. Each Account Receivable will represent the valid and legally enforceable indebtedness of a bona fide customer ("CUSTOMER") arising from the sale or lease of goods or rendition by Debtor of services and will be subject to no set-offs, counterclaims or defenses; such goods or services will have been delivered to or performed for, and accepted by, the Customer, and the amount shown as to each account on Debtor's books will be the true and undisputed amount owing and unpaid thereon, payable in full at the time referred to in the invoice, or if no time is specified within at least ninety (90) days from the date of the particular invoice, and none of the Debtors has any knowledge of any fact or circumstance that would impair the validity or enforceability of any Accounts Receivable. As used herein, the term "ACCOUNTS RECEIVABLE" shall mean all of a Debtor's accounts, contract rights, chattel paper, instruments, general intangibles and rights to payment of every kind, now or at any time hereafter arising.
Valid Accounts. Each Account will represent the valid and legally enforceable indebtedness of a bona fide account debtor arising from the sale or lease of goods or rendition of services by Borrower, will be subject to no setoffs, counterclaims or defenses; the amount shown as to each Account on Borrower's books will be the true and undisputed amount owing and unpaid thereon, payable in full at the time referred to in the invoice or, if no time is specified, within thirty (30) days from the date of the particular invoice, and Borrower has no knowledge of any fact or circumstance that would impair the validity or enforceability of any Account.
Valid Accounts. Each Account will represent the valid and legally enforceable indebtedness of a bona fide Customer arising from the sale or lease of goods or rendition by Debtor of services and will be subject to no setoffs, counterclaims or defenses except the standard reconciliation for uncollectible accounts ("true-up" process); such goods or services will have been delivered to or performed for, and accepted by, the Customer, and the amount shown as to each Account on Debtor's books will be the true and undisputed amount owing and unpaid thereon, payable in full at the time referred to in the invoice, or if no time is specified within at least within ninety (90) days from the date of the particular invoice, and Debtor has no knowledge of any fact or circumstance that would impair the validity of enforceability of any Account.
Valid Accounts. Each Account Receivable will represent the valid and legally enforceable indebtedness of a bona fide customer (“Customer”) arising from the sale or lease of goods or rendition by JLM SA of services and will be subject to no set-offs, counterclaims or defenses; such goods or services will have been delivered to or performed for, and accepted by, the Customer, and the amount shown as to each account on JLM SA’s books will be the true and undisputed amount owing and unpaid thereon, payable in full at the time referred to in the invoice, or if no time is specified within at least ninety (90) days from the date of the particular invoice, and none of the Debtors has any knowledge of any fact or circumstance that would impair the validity or enforceability of any Accounts Receivable. As used herein, the term “Accounts Receivable” shall mean all of JLM SA’s accounts, contract rights, chattel paper, instruments, general intangibles and rights to payment of every kind, now or at any time hereafter arising.
