Common use of Representations and Warranties by Borrower Clause in Contracts

Representations and Warranties by Borrower. 7.1. All Accounts listed on any report provided by Borrower to Lender will be: 7.1.1. Bona fide existing obligations created by the sale and delivery of goods or the rendition of services in the ordinary course of Borrower’s business; 7.1.2. Unconditionally owed and will be paid without the assertion of any Claim; and 7.

Appears in 1 contract

Sources: Loan and Security Agreement (Emagin Corp)

Representations and Warranties by Borrower. 7.1. All Accounts listed on any report provided by Borrower to Lender will be: 7.1.1. 7.1 Bona fide existing obligations created by the sale and delivery of goods or the rendition of services in the ordinary course of Borrower’s 's business; 7.1.2. Unconditionally 7.2 To Borrower's knowledge, unconditionally owed and will be paid to Lender without the assertion defenses, disputes, offsets, counterclaims, or rights of return or cancellation; 7.3 Not sales to any Claim; and 7entity that is affiliated with Seller or in any way not an "arms length" transaction.

Appears in 1 contract

Sources: Loan and Security Agreement (3do Co)