Common use of Confirmatory Written Assignments Clause in Contracts

Confirmatory Written Assignments. Promptly after the creation of any Receivable, if Lender shall so request, Borrower shall execute and deliver confirmatory written assignments to Lender of Eligible Receivables, but the failure to execute or deliver any schedule or assignment shall not affect or limit any Lien or other right of Lender in and to any Receivable. Borrower shall cause all of its invoices to be printed and to bear consecutive numbers, and to issue its invoices in such consecutive numerical order. On Lender’s request therefor, Borrower shall also furnish to Lender copies of invoices to customers and employee timesheets. Borrower will also furnish Lender with such other documents and instruments as Lender may request in connection with any Receivables, including detailed monthly agings. Borrower shall deliver to Lender the originals of all letters of credit, notes, and instruments in its favor and such endorsements or assignments as Lender may request. If Borrower shall fail to deliver to Lender any Receivables, financial or any other report with respect to the Collateral required to be delivered by Borrower pursuant to Section 8 and Section 9 of this Agreement within ten (10) days after the dates set forth therein, then Borrower agrees to pay to Lender a fee of fifty dollars ($50.00) per day, beginning on the date that next follows the date required for delivery of such report and continuing through the date that Borrower delivers said report for each report and/or document that Borrower fails to deliver to Lender under this Agreement.

Confirmatory Written Assignments. Promptly after the creation of any Receivable, if Lender shall so request, Borrower shall execute and deliver confirmatory written assignments to Lender of Eligible Receivables, but the failure to execute or deliver any schedule or assignment shall not affect or limit any Lien or other right of Lender in and to any Receivable. Borrower shall cause all of its invoices to be printed and to bear consecutive numbers, and to issue its invoices in such consecutive numerical order. On Lender’s request therefor, Borrower shall also furnish to Lender copies of invoices to customers and employee timesheets. Borrower will also furnish Lender with such other documents and instruments as Lender may request in connection with any Receivables, including detailed monthly agings. Borrower shall deliver to Lender the originals of all letters of credit, notes, and instruments in its favor and such endorsements or assignments as Lender may request. If Borrower shall fail to deliver to Lender any Receivables, financial or any other report with respect to the Collateral required to be delivered by Borrower pursuant to Section 8 7 and Section 9 8 of this Agreement within ten (10) days after the dates set forth therein, then Borrower agrees to pay to Lender a fee of fifty dollars ($50.00) per day, beginning on the date that next follows the date required for delivery of such report and continuing through the date that Borrower delivers said report for each report and/or document that Borrower fails to deliver to Lender under this Agreement.

Confirmatory Written Assignments. Promptly after the creation of any Receivable, if Lender shall so request, each Borrower shall execute and deliver confirmatory written assignments to Lender of Eligible Receivables, but the failure to execute or deliver any schedule or assignment shall not affect or limit any Lien or other right of Lender in and to any Receivable. Each Borrower shall cause all of its invoices to be printed and to bear consecutive numbers, and to issue its invoices in such consecutive numerical order. On Lender’s 's request therefor, each Borrower shall also furnish to Lender copies of invoices to customers and employee timesheets. Each Borrower will also furnish Lender with such other documents and instruments as Lender may request in connection with any Receivables, including detailed monthly agings. Each Borrower shall deliver to Lender the originals of all letters of credit, notes, and instruments in its favor and such endorsements or assignments as Lender may request. If either Borrower shall fail to deliver to Lender any Receivables, financial or any other report with respect to the Collateral required to be delivered by Borrower pursuant to Section 8 and Section 9 of this Agreement within ten (10) days after the dates set forth therein, then Borrower agrees Borrowers agree to pay to Lender a fee of fifty dollars ($50.00) per day, beginning on the date that next follows the date required for delivery of such report and continuing through the date that either Borrower delivers said report for each report and/or document that either such Borrower fails to deliver to Lender under this Agreement.

Confirmatory Written Assignments. Promptly after the creation of any Receivable, if Lender shall so request, Borrower shall execute and deliver confirmatory written assignments to Lender of Eligible Receivables, but the failure to execute or deliver any schedule or assignment shall not affect or limit any Lien or other right of Lender in and to any Receivable. Borrower shall cause all of its invoices to be printed and to bear consecutive numbers, and to issue its invoices in such consecutive numerical order. On Lender’s 's request therefor, Borrower shall also furnish to Lender copies of invoices to customers and employee timesheets. Borrower will also furnish Lender with such other documents and instruments as Lender may request in connection with any Receivables, including detailed monthly agings. Borrower shall deliver to Lender the originals of all letters of credit, notes, and instruments in its favor and such endorsements or assignments as Lender may request. If Borrower shall fail to deliver to Lender any Receivables, financial or any other report with respect to the Collateral required to be delivered by Borrower pursuant to Section 8 Sections 8, 9 and Section 9 10 of this Agreement within ten (10) days after the dates set forth therein, then Borrower agrees to pay to Lender a fee of fifty dollars ($50.00) per day, beginning on the date that next follows the date required for delivery of such report and continuing through the date that Borrower delivers said report for each report and/or document that Borrower fails to deliver to Lender under this Agreement.