Common use of Verification of Accounts Clause in Contracts

Verification of Accounts. The Lender shall have the right, at any time or times hereafter, in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the Borrower, by mail, telephone, facsimile or otherwise.

Appears in 3 contracts

Sources: Loan and Security Agreement (Advocat Inc), Loan and Security Agreement (Tandem Health Care, Inc.), Loan and Security Agreement (Advocat Inc)

Verification of Accounts. The Lender shall have the right, at any time or times hereafter, in the Lender’s name or in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the BorrowerAccounts, by mail, telephone, facsimile telegraph or otherwise.

Appears in 3 contracts

Sources: Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/), Credit Agreement (Lawson Products Inc/New/De/)

Verification of Accounts. The Lender Any of the Lender’s officers, employees or agents shall have the right, at any time or times hereafter, in the Lender’s name or in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the Borrower, by mail, telephone, facsimile or otherwiseotherwise and to sign Borrower’s name on any verification of Accounts and notices thereof to Account Debtors.

Appears in 2 contracts

Sources: Loan and Security Agreement (Polar Power, Inc.), Loan and Security Agreement (Chromcraft Revington Inc)

Verification of Accounts. The Lender shall have the right, at any time or times hereafter, in its name or in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the BorrowerAccounts, by mail, telephone, facsimile telegraph or otherwise.

Appears in 1 contract

Sources: Pledge and Security Agreement (Electronic Cigarettes International Group, Ltd.)

Verification of Accounts. The Lender Any of the Lender's officers, employees or agents shall have the right, at any time or times hereafter, in the Lender's name or in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the Borrower, by mail, telephone, facsimile electronic transmission or otherwiseotherwise and, upon the occurrence of an Event of Default and during its continuance, to sign ▇▇▇▇▇▇▇▇'s name on any verification of Accounts and notices thereof to Account Debtors.

Appears in 1 contract

Sources: Loan and Security Agreement (Dynatronics Corp)

Verification of Accounts. The Lender shall have the right, at any time or times hereafter, in the name of the Lender Borrowers or a nominee of Lender, or during the pendency of an Event of Default, in Lender's name, to verify with Account Debtors the validity, amount or any other matter relating to any Accounts of the BorrowerAccount, by mail, telephone, facsimile or otherwisein person.

Appears in 1 contract

Sources: Secured Credit Agreement (Diplomat Direct Marketing Corp)

Verification of Accounts. The Lender shall have the right, at any time or times hereafter, in the name of the Lender or a nominee of Lender (and at any time or times after the occurrence and during the continuance of any Event of Default or Default, in Lender's name or in the name of a nominee of Lender), to verify the validity, amount or any other matter relating to any Accounts of the BorrowerAccounts, by mail, telephone, facsimile telegraph or otherwiseotherwise and in any event to sign Borrower's name on any verification of Accounts and notices thereof to Account Debtors.

Appears in 1 contract

Sources: Loan and Security Agreement (Allied Digital Technologies Corp)

Verification of Accounts. The Lender shall have the right, at any time or times hereafter, in the Lender's name or in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the BorrowerAccounts, by mail, telephone, facsimile telegraph or otherwise.

Appears in 1 contract

Sources: Credit Agreement (Lawson Products Inc/New/De/)

Verification of Accounts. The Lender shall have the right, right at any time and from time to time, after first giving either oral or times hereafter, in the name of the Lender or a nominee of the Lenderwritten notice to Borrower, to verify the validity, validity and amount or of any Account and any other matter relating to any Accounts of the Borroweran Account, by mail, telephone, facsimile communicating in writing or otherwiseorally directly with the Account Debtor or any Person who represents or Lender believes represents the Account Debtor.

Appears in 1 contract

Sources: Revolving and Term Loan Facility (Davel Communications Group Inc)

Verification of Accounts. The Lender shall have the right, at any reasonable time or times hereafter, in its name or in the name of the Lender or a nominee of the Lender, to verify the validity, amount or any other matter relating to any Accounts of the BorrowerAccounts, by mail, telephone, facsimile telegraph, or otherwise.

Appears in 1 contract

Sources: Credit Agreement (Vertical Capital Income Fund)