Common use of Creation of Accounts Clause in Contracts

Creation of Accounts. Upon the Bank's reasonable request, the -------------------- Borrowers will upon the creation of Accounts, or at such intervals as the Bank may require, provide the Bank with, (i) confirmatory assignment schedules, (ii) copies of customer's invoices, (iii) evidence of shipment or delivery, and (iv) such further schedules, documents and/or information regarding the Accounts as the Bank reasonably may require. The Bank shall have the right to confirm and verify all Accounts and do whatever the Bank reasonably may deem necessary to protect the Bank's interests. The items to be provided under this Section are to be in forms satisfactory to the Bank and executed by the Borrowers and delivered to the Bank, from time to time, solely for the Bank's convenience in maintaining records of the Collateral. The failure to deliver any of such items to the Bank shall not affect, terminate, modify or otherwise limit the Bank's Liens.

Creation of Accounts. Upon the Bank's reasonable request, the -------------------- Borrowers will upon the creation of Accounts, or at such intervals as the Bank may require, provide the Bank with, with (i) confirmatory assignment schedules, (ii) copies of customer's invoices, (iii) evidence of shipment or delivery, and (iv) such further schedules, documents and/or information regarding the Accounts as the Bank reasonably may require. The Bank shall have the right to confirm and verify all Accounts and do whatever the Bank reasonably may deem necessary to protect the Bank's interests. The items to be provided under this Section are to be in forms satisfactory to the Bank and executed by the Borrowers and delivered to the Bank, from time to time, solely for the Bank's convenience in maintaining records of the Collateral. The failure to deliver any of such items to the Bank shall not affect, terminate, modify or otherwise limit the Bank's Liens.