Validity of Accounts. Each Account arises and will arise in the ordinary course of an Obligor’s business out of or in connection with the sale or lease of goods or the rendering of services and is and shall be a valid, legal and binding obligation of the party purported to be obligated thereon, enforceable in accordance with its terms and free of material setoffs, defenses or counterclaims. No Obligor has knowledge of any fact that would materially impair the validity or collectibility of any of the Accounts.
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Samples: Security Agreement (Microfinancial Inc), Security Agreement (Microfinancial Inc)
Validity of Accounts. Each Account constituting Collateral arises and will arise in the ordinary course of an Obligor’s business out of or in connection with the sale or lease of goods or the rendering of services and is and shall be a valid, legal and binding obligation of the party purported to be obligated thereon, enforceable in accordance with its terms and free of material setoffs, defenses or counterclaims. No Obligor has knowledge of any fact that would materially impair the validity or collectibility of any of the AccountsAccounts constituting Collateral.
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Validity of Accounts. Each Account arises and will arise in the ordinary course of an the Obligor’s business out of or in connection with the sale or lease of goods or the rendering of services and is and shall be a valid, legal and binding obligation of the party purported to be obligated thereon, enforceable in accordance with its terms and free of material setoffs, defenses or counterclaims. No The Obligor has no knowledge of any fact that would materially impair the validity or collectibility of any of the Accounts.
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