BWA Accounts definition
Examples of BWA Accounts in a sentence
For any Eligible Account or Eligible BWA Account in any Transaction Report, all statements made and all unpaid balances appearing in all invoices, instruments and other documents evidencing such Eligible Accounts or Eligible BWA Accounts are and shall be true and correct and all such invoices, instruments and other documents, and all of Borrower's Books are genuine and in all respects what they purport to be.
Notwithstanding the foregoing, Borrower and Bank acknowledge, confirm and agree that on and after the Effective Date, no new Advances shall be made based upon Eligible BWA Accounts.
To the best of Borrower’s knowledge, all signatures and endorsements on all documents, instruments, and agreements relating to all Eligible Accounts or Eligible BWA Accounts are genuine, and all such documents, instruments and agreements are legally enforceable in accordance with their terms.
Borrower has no knowledge of any actual or imminent Insolvency Proceeding of any Account Debtor whose accounts are Eligible Accounts or Eligible BWA Accounts in any Transaction Report.