Common use of Governmental Obligors Clause in Contracts

Governmental Obligors. As of the Closing Date, none of the obligors on any Receivable that constitutes Collateral, and none of the parties to any Contract that constitutes Collateral, is a Governmental Authority except for (i) with respect to Receivables or Contracts not included in a Borrowing Base because all actions required under all applicable Assignment of Claims Acts have not been taken to approve and permit the assignment of rights to payment thereunder or thereon to the Administrative Agent, the obligors thereon or parties thereto, (ii) with respect to Receivables or Contracts included in a Borrowing Base as to which all actions required under all applicable Assignment of Claims Acts have been taken to approve and permit the assignment of rights to payment thereunder or thereon to the Administrative Agent, for the ratable benefit of the Secured Parties, the obligors thereon or parties thereto, and (iii) with respect to any other Receivables or Contracts, in each case, that constitute Collateral, those obligors and parties thereof so long as the requirements of Section 5(m) have been satisfied with respect to such Receivables or Contracts.

Governmental Obligors. As of the Closing Restatement Effective Date, none of the obligors on any Receivable that constitutes Collateral, and none of the parties to any Contract that constitutes Collateral, is a Governmental Authority except for (i) with respect to Receivables or Contracts not included in a the U.S. Borrowing Base or the Kildair Borrowing Base because all actions required under all applicable Assignment of Claims Acts the Financial Administration Act (Canada), or any similar local, provincial or territorial laws, rules or regulations, have not been taken to approve and permit the assignment of rights to payment thereunder or thereon to the Administrative Agent, the obligors thereon or parties thereto, (ii) with respect to Receivables or Contracts included in a the U.S. Borrowing Base or the Kildair Borrowing Base as to which all actions required under all applicable Assignment of Claims Acts the Financial Administration Act (Canada), and any similar local, provincial or territorial laws, rules or regulations, have been taken to approve and permit the assignment of rights to payment thereunder or thereon to the Administrative Agent, for the ratable benefit of the Secured Parties, the obligors thereon or parties thereto, and (iii) with respect to any other Receivables or Contracts, in each case, that constitute Collateral, those obligors and parties thereof so long as the requirements of Section 5(m) have been satisfied with respect to such Receivables or Contracts.

Governmental Obligors. As of the Closing Restatement Effective Date, none of the obligors on any Receivable that constitutes Collateral, and none of the parties to any Contract that constitutes Collateral, is a Governmental Authority except for (i) with respect to Receivables or Contracts not included in a the U.S. Borrowing Base or the Kildair Borrowing Base because all actions required under all applicable Assignment of Claims Acts have not been taken to approve and permit the assignment of rights to payment thereunder or thereon to the Administrative Agent, the obligors thereon or parties thereto, (ii) with respect to Receivables or Contracts included in a the U.S. Borrowing Base or the Kildair Borrowing Base as to which all actions required under all applicable Assignment of Claims Acts have been taken to approve and permit the assignment of rights to payment thereunder or thereon to the Administrative Agent, for the ratable benefit of the Secured Parties, the obligors thereon or parties thereto, and (iii) with respect to any other Receivables or Contracts, in each case, that constitute Collateral, those obligors and parties thereof so long as the requirements of Section 5(m) have been satisfied with respect to such Receivables or Contracts.