Common use of Receivables Collateral Clause in Contracts

Receivables Collateral. (i) Other than in the ordinary course of business consistent with past practices, Debtor will not (i) grant any extension of the time of payment of any receivables collateral, (ii) compromise or settle any receivables collateral for less than the full amount thereof, (iii) release, wholly or partially, any Person liable for the payment of any receivables collateral, (iv) allow any credit or discount whatsoever on any receivables accounts or accounts receivable, (v) except for Permitted Liens, sell or pledge any interest in any receivables, collateral, or (vi) amend, supplement or modify any receivables collateral in any manner that could adversely affect in any material respect the value thereof. (ii) If at any time the aggregate amount owing to the Debtor on all Accounts as to which a governmental authority is an obligor exceeds 20% of the aggregate amount owing to the Debtor on all Accounts, Debtor shall so notify Collateral Agent and, if requested by any Lender, at the Debtor's sole cost and expense, from and after the date on which such aggregate amount first exceeds such percentage, deliver to Collateral Agent such assignments, notices of assignment and other documents or information as shall be necessary or otherwise reasonably requested by the Collateral Agent to permit the assignment hereunder of all Accounts as to which a Governmental Authority is an obligor pursuant to all applicable Governmental Requirements (including, without limitation, the Assignment of Claims Act of 1940, as amended).