Common use of Collateral Assignment Clause in Contracts

Collateral Assignment. The Judicial Council and the SPWB acknowledge that Licensee may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that Licensee’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of Licensee’s rights under this SLA and a first security interest in the System subject to subordination to Senior Security Documents as set forth in Section 4. Licensee may assign its interest in the System, including Licensee's rights under this SLA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section 4.1 of this SLA. The Judicial Council and the SPWB, as applicable, will work in good faith with Licensee and Xxxxxx to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor the SPWB is obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section 4 of this SLA if the Judicial Council or the SPWB, each in its sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.

Collateral Assignment. The Judicial Council and the SPWB acknowledge that Licensee Contractor may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that LicenseeContractor’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of LicenseeContractor’s rights under this SLA SPPA and a first personal property security interest in the System subject to subordination to the senior priority of the Senior Security Documents as set forth in Section 44 of the SLA. Licensee Contractor may assign its personal property interest in the System, including Licensee's Contractor’s rights under this SLASPPA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section 4.1 of this the SLA. The Judicial Council and or the SPWB, as applicable, will work in good faith with Licensee Contractor and Xxxxxx Lender to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor Council or the SPWB is not obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section 4 of this the SLA if the Judicial Council or Councilor the SPWB, each in its sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.

Collateral Assignment. The Judicial Council and the SPWB acknowledge that Licensee may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that Licensee’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of Licensee’s rights under this SLA and a first security interest in the System subject to subordination to Senior Security Documents as set forth in Section section 4. Licensee may assign its interest in the System, including Licensee's ’s rights under this SLA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section section 4.1 of this SLA. The Judicial Council and the SPWB, as applicable, will work in good faith with Licensee and Xxxxxx to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor the SPWB is obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section section 4 of this SLA if the Judicial Council or the SPWB, each in its sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.

Collateral Assignment. The Judicial Council and the SPWB State Public Works Board (“SPWB”) acknowledge that Licensee Contractor may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that LicenseeContractor’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of LicenseeContractor’s rights under this SLA SPPA and a first personal property security interest in the System subject to subordination to the senior priority of the Senior Security Documents as set forth in Section 4section 4 of the SLA. Licensee Contractor may assign its personal property interest in the System, including Licensee's Contractor’s rights under this SLASPPA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section section 4.1 of this the SLA. The Judicial Council and or the SPWB, as applicable, will work in good faith with Licensee Contractor and Xxxxxx Lender to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor Council or the SPWB is not obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section section 4 of this the SLA if the Judicial Council or the SPWB, each in its sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.

Collateral Assignment. The Judicial Council and the SPWB acknowledge that Licensee may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that Licensee’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of Licensee’s rights under this SLA and a first security interest in the System subject to subordination to Senior Security Documents as set forth in Section 4. Licensee may assign its interest in the System, including Licensee's rights under this SLA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section 4.1 of this SLA. The Judicial Council and the SPWB, as applicable, will work in good faith with Licensee and Xxxxxx Lender to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor the SPWB is obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section 4 of this SLA if the Judicial Council or the SPWB, each in its sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.

Collateral Assignment. The Judicial Council and the SPWB acknowledge that Licensee may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that Licensee’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of Licensee’s rights under this SLA and a first security interest in the System subject to subordination to Senior Security Documents as set forth in Section section 4. Licensee may assign its interest in the System, including Licensee's ’s rights under this SLA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section section 4.1 of this SLA. The Judicial Council and the SPWB, as applicable, will work in good faith with Licensee and Xxxxxx to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor the SPWB is obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section section 4 of this SLA if the Judicial Council or the SPWB, each in its sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.. 13

Collateral Assignment. The Judicial Council and the SPWB acknowledge that Licensee may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that Licensee’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of Licensee’s rights under this SLA and a first security interest in the System subject to subordination to Senior Security Documents as set forth in Section section 4. Licensee may assign its interest in the System, including Licensee's ’s rights under this SLA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section section 4.1 of this SLA. The Judicial Council and the SPWB, as applicable, will work in good faith with Licensee and Xxxxxx to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor the SPWB is obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section section 4 of this SLA if the Judicial Council or the SPWB, each in its its‌ sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.

Collateral Assignment. The Judicial Council and the SPWB State Public Works Board (“SPWB”) acknowledge that Licensee Contractor may be financing the acquisition and installation of the System with financing accommodations from one or more Lenders and that LicenseeContractor’s obligations under the financing documents may be secured by, among other collateral, a pledge or collateral assignment of LicenseeContractor’s rights under this SLA SPPA and a first personal property security interest in the System subject to subordination to the senior priority of the Senior Security Documents as set forth in Section 4section 4 of the SLA. Licensee Contractor may assign its personal property interest in the System, including Licensee's Contractor’s rights under this SLASPPA, as security for loans or financing of the System including a System Lease with a System Lessor, subject to the requirements of Section section 4.1 of this the SLA. The Judicial Council and or the SPWB, as applicable, will work in good faith with Licensee Contractor and Xxxxxx Lender to agree upon the documentation that may be required in connection with the financing. If a Lender requests additional or different terms and conditions, the Judicial Council and the SPWB, agree to consider such requests in good faith, but neither the Judicial Council, nor Council or the SPWB is not obligated to agree to any newly proposed terms and conditions contrary to the provisions in Section section 4 of this the SLA if the Judicial Council or the SPWB, each in its sole judgment, determines that such changes are detrimental to the Judicial Council or the SPWB.. 34