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Certificate as to accounts receivable assigned under security agreement. Certificate as to Accounts Receivable Under Security Agreement, Dated _________[date], To: _________ Bank The undersigned is the borrower under the above security agreement (called the "agreement") between the undersigned and your bank. All terms used in this document which are defined in the agreement shall have the same meanings in this document as in the agreement. The undersigned certifies and warrants that: 1. As of _________[date], the unpaid net amount of all accounts receivable of the borrower assigned to your bank, and subject to the security interest of your bank, under the agreement is $_____. 2. As of _________[date], the unpaid net amount of all eligible accounts receivable of the borrower assigned to your bank, and subject to the security interest of your bank, under the agreement is not less than $_____. 3. No default is existing at the date of this certificate. 4. To the best of the knowledge and belief of the officer of the company executing this certificate there has not been (except as may be otherwise indicated below) any change since the computation date specified in "1" and "2" above which would materially reduce the amounts shown in "1" and "2" above if the amounts were computed as of the date of this certificate. [Date]
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