Common use of Government Accounts Clause in Contracts

Government Accounts. Borrower will immediately notify Lender if any of Borrower's accounts arise out of contracts with the United States, any state or municipality, or any department, agency or instrumentality thereof, and execute any instruments and take any steps required by Lender in order that all monies due and to become due under such contracts shall be assigned to Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (Launch Media Inc), Loan and Security Agreement (Yahoo Inc), Loan and Security Agreement (Unisphere Networks Inc)

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Government Accounts. Borrower will immediately notify Lender if any of Borrower's ’s accounts arise out of contracts with the United StatesKingdom, any state or municipality, or any department, agency or instrumentality thereof, and execute any instruments and take any steps required by Lender in order that all monies due and to become due under such contracts shall be assigned to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (@Road, Inc)

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Government Accounts. Borrower will immediately notify Lender if any of Borrower's accounts arise out of contracts with the United States, any state or municipality, or any department, agency or instrumentality thereof, and execute any instruments and take any steps -11- 13 required by Lender in order that all monies due and to become due under such contracts shall be assigned to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Unisphere Networks Inc)

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