Common use of Government Accounts Clause in Contracts

Government Accounts. The Borrowers will immediately notify the Administrative Agent if any of the Receivables arise out of contracts with the United States or with any other Governmental Authority, and, as appropriate, execute any instruments and take any steps required by the Administrative Agent in order that all moneys due and to become due under such contracts shall be assigned to the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent with respect to the Agents' Obligations, 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: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)

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Government Accounts. The Borrowers will immediately Immediately notify the Administrative Agent if any of the Receivables Accounts arise out of contracts with the United States or with any other Governmental Authoritystate or political subdivision thereof or any department, andagency or instrumentality of the United States, as appropriateor any state or political subdivision thereof, and execute any instruments and take any steps required by the Administrative Agent in order that all moneys due and to become due under such contracts shall be assigned to the Administrative Agent, for the ratable its benefit of the Lenders and for the benefit of the Administrative Agent with respect to the Agents' ObligationsLenders, and notice thereof given to the Governmental Authority government under the Federal Assignment of Claims Act or any other applicable Lawslaw.

Appears in 1 contract

Samples: Security Agreement (Sunrise Senior Living Inc)

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Government Accounts. The Borrowers will upon request of the Agent immediately notify the Administrative Agent if any of the Receivables arise out of contracts with the United States or with any other Governmental Authority, and, as appropriateif requested by the Agent, execute any instruments Instruments and take any steps required by the Administrative Agent in order that all moneys due and to become due under such contracts shall be assigned to the Administrative Agent, for the ratable benefit of the Lenders and for the benefit of the Administrative Agent with respect to the Agents' Agent’s Obligations, 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: Business Loan and Security Agreement (Vse Corp)

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