Common use of Assignments of Accounts Clause in Contracts

Assignments of Accounts. Promptly, upon request, execute and deliver to the Lender written assignments, in form and content acceptable to the Lender, of specific Accounts or groups of Accounts; provided, however, the lien and/or security interest granted to the Lender under this Agreement shall not be limited in any way to or by the inclusion or exclusion of Accounts within such assignments. Such Accounts shall secure payment of the Obligations and are not sold to the Lender whether or not any assignment thereof, which is separate from this Agreement, is in form absolute.

Appears in 3 contracts

Samples: Financing and Security Agreement (Forensic Technologies International Corp), Financing and Security Agreement (National Techteam Inc /De/), Financing and Security Agreement (Versar Inc)

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Assignments of Accounts. Promptly, upon request, execute and deliver to the Lender written assignments, in form and content acceptable to the Lender, of specific Accounts Ac counts or groups of Accounts; provided, however, the lien and/or security interest granted to the Lender under this Agreement shall not be limited in any way to or by the inclusion or exclusion exclu sion of Accounts within such assignments. Such Accounts shall secure payment of the Obligations and are not sold to the Lender whether or not any assignment thereof, which is separate from this Agreement, is in form absolute.

Appears in 1 contract

Samples: Financing and Security Agreement (Arguss Holdings Inc)

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