Bona fide. Each and every Account will be bona fide, be for a --------- certain undisputed claim or demand for the amount Obligor represented to be owing thereon, represent a sale and delivery of personal property sold or leased or for services rendered, and not be subject to any setoff, counterclaim, or contingent liability upon the fulfillment of any contract or condition whatsoever.
Appears in 2 contracts
Sources: Security Agreement (Medallion Financial Corp), Security Agreement (Medallion Financial Corp)