Common use of Verification Clause in Contracts

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.

Appears in 69 contracts

Samples: Security Agreement (Network Computing Devices Inc), Loan and Security Agreement (Satcon Technology Corp), Loan and Security Agreement (Double-Take Software, Inc.)

AutoNDA by SimpleDocs

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.

Appears in 55 contracts

Samples: Security Agreement (Tegal Corp /De/), Loan and Security Agreement (Xplore Technologies Corp), Loan and Security Agreement (Cogent Communications Group Inc)

Verification. Silicon may, from time to time, following prior notification to Borrower, verify directly with the respective Account Debtors account debtors the validity, amount and other matters relating to the ReceivablesBorrower's accounts, by means of mail, telephone or otherwise, either in the name of the Borrower or Silicon or such other name as Silicon may reasonably choose, provided that no prior notification to Borrower shall be required following an Event of Default.

Appears in 8 contracts

Samples: Loan and Security Agreement (Netvantage Inc), Loan and Security Agreement (Truevision Inc), Loan and Security Agreement (I Flow Corp /Ca/)

Verification. Silicon may, from time to time, following prior notification to the Borrower, verify directly with the respective Account Debtors account debtors the validity, amount and other matters relating to the ReceivablesBorrower's accounts, by means of mail, telephone or otherwise, either in the name of the Borrower or Silicon or such other name as Silicon may reasonably choose, provided that no prior notification shall be required following an Event of Default. Silicon shall not be required to obtain the Borrower's consent prior to any such verification of accounts, whether or not an Event of Default has occurred.

Appears in 6 contracts

Samples: Loan Modification Agreement (Cascade Microtech Inc), Loan and Security Agreement (Analogy Inc), Loan and Security Agreement (Advanced Power Technology Inc)

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose. Silicon will provide Borrower with notice of any such action.

Appears in 3 contracts

Samples: Loan and Security Agreement (Telecommunication Systems Inc /Fa/), Security Agreement (Telecommunication Systems Inc /Fa/), Loan and Security Agreement (Telecommunication Systems Inc /Fa/)

Verification. Silicon may, may from time to time, verify directly in a commercially reasonable manner with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may chooseSilicon.

Appears in 1 contract

Samples: Loan and Security Agreement (Relm Wireless Corp)

Verification. Silicon may, from time to time, following prior notification to Borrower, verify directly with the respective Account Debtors account debtors the validity, amount and other matters relating to the ReceivablesBorrower's accounts, by means of mail, telephone or otherwise, either in the name of the Borrower or Silicon or 8 such other name as Silicon may reasonably choose, provided that no prior notification to Borrower shall be required following an Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitalcom Inc)

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.

Appears in 1 contract

Samples: Loan and Security Agreement (Cambridge Heart Inc)

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating relating- to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.

Appears in 1 contract

Samples: Loan and Security Agreement (Adaytum Software Inc)

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the Receivables, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.. Silicon Valley Bank Loan and Security Agreement ----------------------------------------------------------------

Appears in 1 contract

Samples: Loan and Security Agreement (DTM Corp /Tx/)

AutoNDA by SimpleDocs

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors in a commercially reasonable manner the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.

Appears in 1 contract

Samples: Loan and Security Agreement (Tut Systems Inc)

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.. SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT

Appears in 1 contract

Samples: Loan and Security Agreement (Animas Corp)

Verification. Silicon may, from time to time, following prior notification to the Borrower, verify directly with the respective Account Debtors account debtors the validity, amount and other matters relating to the ReceivablesBorrower's accounts, by means of mail, telephone or otherwise, either in the name of the Borrower or Silicon or such other name as Silicon may reasonably choose, provided that no prior notification shall be required following an Event of Default. Silicon shall not be required to obtain the Borrower's consent prior to any such verification of accounts, whether or not an Event of Default has occurred.

Appears in 1 contract

Samples: Loan and Security Agreement (U S Online Communications Inc)

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose.. Silicon Valley Bank Schedule to Loan and Security Agreement (Exim)

Appears in 1 contract

Samples: Security Agreement (Maxwell Technologies Inc)

Verification. Silicon may, from time to time, following prior notification to "Borrower, verify directly with the respective Account Debtors account debtors the validity, amount and other matters relating to the ReceivablesBorrower's accounts, by means of mail, telephone or otherwise, either in the name of the Borrower or Silicon or such other name as Silicon may reasonably choose., provided that no prior notification to ** Borrower shall be required following an Event of Default. * and consent of ** or consent by

Appears in 1 contract

Samples: Loan and Security Agreement (Vision Solutions Inc)

Verification. Silicon may, from time to time, verify directly with the respective Account Debtors the validity, amount and other matters relating to the ReceivablesAccounts, by means of mail, telephone or otherwise, either in the name of Borrower or Silicon or such other name as Silicon may choose. Such verifications shall be done in accordance with Silicon’s normal practice.

Appears in 1 contract

Samples: Security Agreement (Atheros Communications Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.