Common use of Acquisition Documents Assignment Clause in Contracts

Acquisition Documents Assignment. Each Acquisition Documents Assignment, if any, is effective to grant to Administrative Agent for the benefit of Lenders an enforceable first priority Security Interest in and lien on all of Borrower's rights, remedies, claims and interests under the Acquisition Documents covered thereby.

Appears in 2 contracts

Sources: Credit Facilities Agreement (Pomeroy It Solutions Inc), Credit Facilities Agreement (Pomeroy Computer Resources Inc)

Acquisition Documents Assignment. Each The Acquisition Documents Assignment, if any, Assignment is effective to grant to Administrative Agent for the benefit of Lenders an enforceable first priority Security Interest in and lien on all of Borrower's rights, remedies, claims and interests under the Acquisition Documents covered thereby.

Appears in 2 contracts

Sources: Loan Agreement (Talx Corp), Loan Agreement (Talx Corp)