Common use of Assignments and Records of Accounts Clause in Contracts

Assignments and Records of Accounts. Upon the occurrence of an Event of Default and if so requested by the Agent, the Borrower shall execute and deliver to the Agent formal written assignments of all of the Accounts weekly, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto. The Borrower shall keep accurate and complete records of the Accounts and all payments and collections thereon.

Assignments and Records of Accounts. Upon the occurrence ----------------------------------- of an Event of Default and if so requested by the Agent, the Borrower shall execute and deliver to the Agent formal written assignments of all of the Accounts weekly, which shall include all Accounts that have been created since the date of the last assignment, together with copies of invoices or invoice registers related thereto. The Borrower shall keep accurate and complete records of the Accounts and all payments and collections thereon.