Common use of Validity of Accounts Clause in Contracts

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the Borrowers. (b) The Agent from time to time may verify the Receivables Collateral directly with the Borrowers' Account Debtors, such verification to be undertaken in keeping with commercially reasonable commercial lending standards. (c) No Borrower has any knowledge of any impairment of the validity or collectibility of any of the Accounts. The Lead Borrower shall notify the Agent of any such impairment immediately after any Borrower becomes aware of any such impairment.

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers Loan Parties represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the BorrowersLoan Parties. (b) The Administrative Agent from time to time may verify the Receivables Collateral directly with the Borrowers' Loan Parties’ Account Debtors, such verification to be undertaken in keeping with commercially reasonable commercial lending standards. (c) No Borrower has any The Loan Parties have no knowledge of any impairment of the validity or collectibility of any of the Accounts. The Lead Borrower Accounts and shall notify the Administrative Agent of any such impairment fact immediately after any Borrower becomes the Loan Parties become aware of any such impairment.

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the BorrowersBorrower. (b) The Agent Lender from time to time may verify the Receivables Collateral directly with the Borrowers' Borrower’s Account Debtors, such verification to be undertaken in keeping with commercially reasonable commercial lending standards. (c) No The Borrower has any no knowledge of any impairment of the validity or collectibility collectability of any of the AccountsAccounts except with respect to doubtful Accounts as indicated on the current Borrowing Base Certificate. The Lead Borrower shall notify the Agent Lender of any such impairment immediately after any the Borrower becomes aware of any such impairment.

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the BorrowersBorrower. (b) The Agent Lender from time to time may verify the Receivables Collateral directly with the Borrowers' Borrower's Account Debtors, such verification to be undertaken in keeping with commercially reasonable commercial lending standards. (c) No The Borrower has any no knowledge of any impairment of the validity or collectibility collectability of any of the Accounts. The Lead Borrower shall notify the Agent Lender of any such impairment immediately after any the Borrower becomes aware of any such impairment.

Validity of Accounts. (a) The amount of each Account shown on the books, records, and invoices of the Borrowers Borrower represented as owing by each Account Debtor is and will be the correct amount actually owing by such Account Debtor and shall have been fully earned by performance by the BorrowersBorrower. (b) The Agent Lender from time to time may verify the Receivables Collateral directly with the Borrowers' Borrower's Account Debtors, such verification to be undertaken in keeping with commercially reasonable commercial lending standards. (c) No The Borrower has any no knowledge of any impairment of the validity or collectibility collectability of any of the AccountsAccounts except with respect to doubtful Accounts as indicated on the current Borrowing Base Certificate. The Lead Borrower shall notify the Agent Lender of any such impairment immediately after any the Borrower becomes aware of any such impairment.