Authorization; Consent. No authorization, consent or approval of, or declaration or filing with, any Governmental Authority (including any notice filing with state tax or revenue authorities required to be made by account creditors in order to enforce any Accounts in any jurisdiction) is required for the valid execution, delivery and performance by any Grantor of this Agreement, the grant by it of the Lien and security interest in favor of CoBank provided for herein, except for (A) the filings described in Section 3.2, (B) in the case of Accounts owing from any federal governmental agency or authority, the filing by CoBank of a notice of assignment in accordance with the Federal Assignment of Claims Act of 1940, (C) in the case of Equity Interests, such filings and approvals as may be required in connection with a disposition of any such Collateral by laws affecting the offering and sale of securities generally, and (D) any assignment or transfer of control of any License required in connection with the exercise of the remedies set forth in Article VI.
Appears in 1 contract
Sources: Pledge and Security Agreement (New Ulm Telecom Inc)
Authorization; Consent. No authorization, consent or approval of, or declaration or filing with, any Governmental Authority Entity (including without limitation any notice filing with state tax or revenue authorities required to be made by account creditors in order to enforce any Accounts in any jurisdiction) is required for the valid execution, delivery and performance by any Grantor the Company of this Agreementsecurity agreement, the grant by it of the Lien and security interest in favor favour of CoBank the Lender provided for herein, except for (Ai) the filings described in Section 3.2, (Bii) in the case of Accounts owing from any federal governmental agency or authorityGovernmental Entity, the filing by CoBank the Lender of a notice of assignment in accordance with the Federal Assignment of Claims Financial Administration Act of 1940(Canada), (Ciii) in the case of Equity Interests, such filings and approvals as may be required in connection with a disposition of any such Collateral by laws affecting the offering and sale of securities generally, generally and (Div) any assignment or transfer of control of any License license required in connection with the exercise of the remedies set forth in Article VIprovided for herein.
Appears in 1 contract
Sources: Security Agreement (Cephalon Inc)
Authorization; Consent. No authorization, consent or approval of, or declaration or filing with, any Governmental Authority (including any notice filing with state tax or revenue authorities required to be made by account creditors in order to enforce any Accounts in any jurisdiction) is required for the valid execution, delivery and performance by any Grantor of this Agreement, the grant by it of the Lien and security interest in favor of CoBank provided for herein, except for (A) the filings described in Section 3.2, (B) in the case of Accounts owing from any federal governmental agency or authority, the filing by CoBank of a notice of assignment in accordance with the Federal Assignment of Claims Act of 1940, (C) in the case of Equity Interests, such filings and approvals as may be required in connection with a disposition of any such Collateral by laws affecting the offering and sale of securities generally, and (D) any assignment or transfer of control of any License required in connection with the exercise of the remedies set forth in Article VI.
Appears in 1 contract
Sources: Pledge and Security Agreement (Nuvera Communications, Inc.)