Common use of Governmental Receivables Clause in Contracts

Governmental Receivables. Prior to the consummation of a Qualified IPO, upon request by the Required Holders at any time following the occurrence of a default in payment obligations hereunder by the Company or Event of Default, the Company shall promptly deliver specific assignments of all or any part of its Governmental Receivables as requested by the Required Holders and shall obtain such consents, acknowledgements and approvals or authorizations as may be required in connection with enforcement of the Lien against such Governmental Receivables granted by the Company and the Guarantors to the Collateral Agent, on behalf of the holders of the Notes, pursuant to the Security Documents as may be required by applicable law including, without limitation, the Financial Administration Act (Canada), federal laws of the United States and comparable provincial, state or territorial legislation or legislation in any political subdivision thereof.