Common use of Government Accounts Clause in Contracts

Government Accounts. The Borrower will immediately notify the Lender if any of the Receivables arise out of contracts with the United States or with any other Governmental Authority, and execute any instruments and take any steps required by the Lender in order that all moneys due and to become due under such contracts shall be assigned to the Lender and notice thereof given to the Governmental Authority under the Federal Assignment of Claims Act or any other applicable Laws.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xybernaut Corp), Loan and Security Agreement (Celsion Corp)

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Government Accounts. The Borrower Borrowers will immediately notify the Lender if any of the Receivables arise out of contracts with Government Contracts for which, pursuant to the United States or with provisions of Section 3.2 (Grant of Liens), any other Governmental Authority, and Borrower is obligated to execute any instruments documents and take any steps required by the Lender in order that all moneys due and to become due under such contracts shall be assigned to the Lender and notice thereof given to the Governmental Authority under the Federal Assignment of Claims Act or any other applicable LawsAct.

Appears in 2 contracts

Samples: Financing and Security Agreement (Gp Strategies Corp), Financing and Security Agreement (Gp Strategies Corp)

Government Accounts. The Borrower Borrowers will immediately notify the Lender if any of the Receivables arise out of contracts with the United States or with any other Governmental Authority. If the Lender so requires, and the applicable Borrowers shall execute any instruments documents and take any steps required by the Lender in order that all moneys due and to become due under such contracts shall be assigned to the Lender and notice thereof given to the Governmental Authority under the Federal Assignment of Claims Act or any other applicable Laws.

Appears in 1 contract

Samples: Financing and Security Agreement (Rand Worldwide Inc)

Government Accounts. The Borrower Borrowers will immediately notify the Lender if any of the Receivables arise out of contracts with the United States or with any other Governmental Authority, and execute any instruments and take any steps required by the Lender in order that all moneys due and to become due under such contracts shall be assigned to the Lender and notice thereof given to the Governmental Authority under the Federal Assignment of Claims Act or any other applicable Laws.

Appears in 1 contract

Samples: Financing and Security Agreement (Paradise Color Inc)

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Government Accounts. The Borrower will immediately notify the Lender if any of the Receivables arise out of contracts with Government Contracts for which, pursuant to the United States or with any other Governmental Authorityprovisions of Section 3.2 (Grant of Liens), and Borrower is obligated to execute any instruments documents and take any steps required by the Lender in order that all moneys due and to become due under such contracts shall be assigned to the Lender and notice thereof given to the Governmental Authority under the Federal Assignment of Claims Act or any other applicable LawsAct.

Appears in 1 contract

Samples: Financing and Security Agreement (Gp Strategies Corp)

Government Accounts. The Borrower will immediately notify the Lender if any of the Receivables arise out of contracts with the United States or with any other Governmental Authority, and and, as appropriate, execute any instruments documents and take any steps required by the Lender in order that all moneys due and to become due under such contracts shall be assigned to the Lender and notice thereof given to the Governmental Authority under the Federal Assignment of Claims Act or any other applicable Laws.

Appears in 1 contract

Samples: Financing and Security Agreement (Healthextras Inc)

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