Common use of Contra Accounts Clause in Contracts

Contra Accounts. Accounts to the extent any Loan Party or any Subsidiary thereof is liable for goods sold or services rendered by the applicable Account Debtor to any Loan Party or any Subsidiary thereof but only to the extent of the potential offset;

Appears in 4 contracts

Sources: Loan and Security Agreement (GenMark Diagnostics, Inc.), Loan and Security Agreement (Cas Medical Systems Inc), Loan and Security Agreement (AMEDICA Corp)

Contra Accounts. Accounts to the extent any Loan a Credit Party or any Subsidiary thereof is liable for goods sold or services rendered by the applicable Account Debtor to any Loan such Credit Party or any Subsidiary thereof but only to the extent of the potential offset;

Appears in 2 contracts

Sources: Credit Agreement (Evraz North America PLC), Credit Agreement (Evraz North America LTD)

Contra Accounts. Accounts to the extent any Loan Credit Party or any Subsidiary thereof is liable for goods sold or services rendered by the applicable Account Debtor to any Loan Party or any Subsidiary thereof the Credit Parties but only to the extent of the potential offset;

Appears in 1 contract

Sources: Credit Agreement (Eplus Inc)