Common use of Verification of Accounts Clause in Contracts

Verification of Accounts. If an Event of Default has occurred and is continuing, any of the Agent's officers, employees or agents shall have the right, at any reasonable time or times hereafter, to verify with Account Debtors the validity, amount or any other matter relating to any Accounts and, whether or not a Default or Event of Default has occurred, any of the Agent's officers, employees or agents shall have the right to verify the same with any Grantor.

Appears in 4 contracts

Sources: Credit Agreement (Bolle Inc), Credit Agreement (Bec Group Inc), Credit Agreement (Cultural Access Worldwide Inc)

Verification of Accounts. If an Event of Default has occurred and is continuing, any of the AgentLender's officers, employees or agents shall have the right, at any reasonable time or times hereafter, to verify with Account Debtors the validity, amount or any other matter relating to any Accounts and, whether or not a Default or an Event of Default has occurred, any of the AgentLender's officers, employees or agents shall have the right to verify the same with any Grantorthe Borrower.

Appears in 1 contract

Sources: Security Agreement (Compliance Systems Corp)

Verification of Accounts. If an Event of Default has occurred and is continuing, any each of the Collateral Agent's officers, employees or agents shall have the right, at any reasonable time or times hereafter, to verify with Account Debtors the validity, amount or any other matter relating to any Accounts accounts and, whether or not a Default or an Event of Default has occurred, any each of the Collateral Agent's officers, employees or agents shall have the right to verify the same with any Grantor.

Appears in 1 contract

Sources: Security Agreement (Virologic Inc)