Assignment of Security Interests. If, at any time the Borrower shall take and perfect a security interest in any property of an Account Debtor or any other Person to secure payment or performance of an Account, the Borrower shall promptly assign such security interest to the Bank.
Appears in 4 contracts
Samples: General Security Agreement (Bioanalytical Systems Inc), General Security Agreement (Bioanalytical Systems Inc), Credit Agreement (Obsidian Enterprises Inc)
Assignment of Security Interests. If, at any time the Borrower shall take and perfect a security interest in any property of an Account Debtor or any other Person to secure payment or performance of an Account, the Borrower shall promptly promptly, upon the request of Lender, assign such security interest to the BankLender.
Appears in 1 contract
Samples: Credit Agreement (Anthony Clark International Insurance Brokers LTD)
