Common use of Verification of Accounts Clause in Contracts

Verification of Accounts. The Agent shall have the right, at any time or times hereafter, in the name of the applicable Borrower or a nominee of the Agent, or during the pendency of an Event of Default, in the Agent's name, to verify with Account Debtors the validity, amount or any other matter relating to any Account, by mail, telephone, or in person.

Appears in 3 contracts

Samples: Loan and Security Agreement (Lois/Usa Inc), Loan and Security Agreement (Lois/Usa Inc), Loan and Security Agreement (Lois/Usa Inc)

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Verification of Accounts. The Agent shall have the right, at any time or times hereafter, in the name of the applicable Borrower or a nominee of the Agent, or during the pendency of an Event of Default, in the Agent's name, to verify with Account Debtors the validity, amount or any other matter relating to any Account, by mail, telephone, or in person.

Appears in 2 contracts

Samples: Secured Credit Agreement (Irwin Naturals 4 Health), Secured Credit Agreement (Gibraltar Packaging Group Inc)

Verification of Accounts. The Agent shall have the right, at any time or times hereafterhereafter during which an Event of Default shall exist, in the Agent's name or in the name of the applicable Borrower or a nominee of the Agent, or during the pendency of an Event of Default, in the Agent's name, to verify with Account Debtors the validity, amount or any other matter relating to any AccountAccounts, by mail, telephone, telegraph or in personotherwise.

Appears in 1 contract

Samples: Credit Agreement (Ha Lo Industries Inc)

Verification of Accounts. The Agent shall have the right, at any time or times hereafter, in the name of the applicable Borrower or a nominee of the Agent, after notice to the Company, or during the pendency of an Event of Default, in the Agent's name, to verify with Account Debtors the validity, amount or any other matter relating to any Account, by mail, telephone, or in person.

Appears in 1 contract

Samples: Loan and Security Agreement (Wastequip Inc)

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Verification of Accounts. The Agent shall have the right, at any time or times hereafter, in the name of the applicable Borrower or a nominee of the Agent, or during the pendency of an Event of Default, in the Agent's name, to verify with Account Debtors the validity, amount or any other matter relating to any Account, by mail, telephone, or in person.

Appears in 1 contract

Samples: Loan and Security Agreement (Brothers Gourmet Coffees Inc)

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