Payments to Borrower. If Borrower has assigned Payments under any Government Contract to the Lender, remit to the Lender promptly any Payments erroneously sent directly to Borrower by the Government, and until so remitted, hold those Payments in trust for the Lender.
Appears in 5 contracts
Samples: Loan and Security Agreement (Integral Systems Inc /Md/), Revolving Line of Credit Loan Agreement and Security Agreement (Spectrum Sciences & Software Holdings Corp), Pledge and Security Agreement (United Industrial Corp /De/)
Payments to Borrower. If Borrower has assigned Payments under -------------------- any Government Contract to the Lender, remit to the Lender promptly any Payments erroneously sent directly to Borrower by the Government, and until so remitted, hold those Payments in trust for the Lender.
Appears in 1 contract
Payments to Borrower. If Borrower has assigned Payments under any -------------------- Government Contract to the Lender, remit to the Lender promptly any Payments erroneously sent directly to Borrower by the Government, and until so remitted, hold those Payments in trust for the Lender.
Appears in 1 contract
Samples: Credit Loan Agreement and Security Agreement (Netplex Group Inc)
