Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.
Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. Each Eligible Account has arisen from a bona fide completed sale of goods or performance of services, which goods or services have been delivered to, or performed for, and in either case accepted by, the account debtor. Borrower has not received notice of an actual or imminent Insolvency Proceeding of any account debtor for any Account which is included in any Borrowing Base Certificate as an Eligible Account.
Bona Fide Eligible Accounts. The Eligible Accounts identified in the Borrowing Base Certificate most recently delivered to Bank are bona fide existing obligations. The Borrowing Base Certificate most recently delivered to Bank pursuant to this Agreement correctly identifies in all material respects those Accounts of Borrower and Parent that are Eligible Accounts as of the date of such Borrowing Base Certificate.
Bona Fide Eligible Accounts. The Exim Eligible Foreign Accounts are bona fide existing obligations. The property giving rise to such accounts has been delivered to the account debtor or to the account debtor's agent for immediate shipment to and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Exim Eligible Foreign Account.
Bona Fide Eligible Accounts. To Borrowers' knowledge, the --------------------------- Eligible Accounts arising before the Closing Date are bona fide existing obligations and the property giving rise to such Eligible Accounts has been delivered to the account debtor or to the account debtor's agent for immediate shipment to and unconditional acceptance by the account debtor. The Eligible Accounts arising after the Closing Date are bona fide existing obligations and the property giving rise to such Eligible Accounts has been delivered to the account debtor or to the account debtor's agent for immediate shipment to and unconditional acceptance by the account debtor. No Borrower has received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.
Bona Fide Eligible Accounts. The Eligible Accounts are bona --------------------------- fide existing obligations. The service or property giving rise to such Eligible Accounts has been performed or delivered to the account debtor or to the account debtor's agent for immediate shipment to and unconditional acceptance by the account debtor. No Borrower has received notice of actual or imminent Insolvency Proceeding of any account debtor whose accounts are included in any Borrowing Base Certificate as an Eligible Account. The Bank has a first- priority and perfected security interest in the Accounts of each Borrower.
Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts have been delivered or rendered to the account debtor or to the account debtor’s agent for immediate and unconditional acceptance by the account debtor, except for such allowances made under subsection (d) under the definition of Eligible Domestic Accounts in Section 1.1 for Accounts with respect to which the account debtor is XXX Xxxxxxxxxxx. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account.
Bona Fide Eligible Accounts. The Eligible Accounts are bona fide existing obligations. The property and services giving rise to such Eligible Accounts has been delivered or rendered to the account debtor or to the account debtor's agent for immediate and unconditional acceptance by the account debtor. Borrower has not received notice of actual or imminent Insolvency Proceeding of any account debtor that is included in any Borrowing Base Certificate as an Eligible Account. Merchantable Inventory. All Inventory is in all material respects of good and marketable quality, free from all material defects, except for Inventory for which adequate reserves have been made.
Bona Fide Eligible Accounts. 22 5.5 Merchantable Inventory . . . . . . . . . . . . . . 22 5.6 Name; Location of Chief Executive Office . . . . . 22 5.7 Litigation . . . . . . . . . . . . . . . . . . . . 23 5.8 No Material Adverse Change in Financial Statements 23 5.9 Solvency . . . . . . . . . . . . . . . . . . . . . 23 5.10
Bona Fide Eligible Accounts. The Eligible Accounts (as defined in the Senior Loan Agreement) are bona fide existing obligations. The service or property giving rise to such Eligible Accounts has been performed or delivered to the account debtor or to the account debtor's agent for immediate shipment to and unconditional acceptance by the account
