Common use of ACCOUNT ASSIGNMENT Clause in Contracts

ACCOUNT ASSIGNMENT. The Account Assignment is effective to grant to Agent for the ratable benefit of the Lenders an enforceable Security Interest in all rights, title and interest of Borrower in the Cash Collateral Account.

Appears in 1 contract

Sources: Loan Agreement (Omniquip International Inc)

ACCOUNT ASSIGNMENT. The Account Assignment is effective to grant to Agent for the ratable benefit of the Lenders Lender an enforceable Security Interest in all rights, title and interest of Borrower in the Cash Collateral Account.

Appears in 1 contract

Sources: Loan Agreement (Young Innovations Inc)