Common use of Accounts and General Intangibles Clause in Contracts

Accounts and General Intangibles. Borrower will, except as otherwise provided in Subsection 6(f), collect, at Borrower's own expense, all amounts due or to become due under each of the accounts and general intangibles. In connection with such collections, Borrower may and, at Secured Party's direction, will take such action not otherwise forbidden by Subsection 5(e) as Borrower or Secured Party may deem necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Borrower will also duly perform and cause to be performed all of its obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Borrower also covenants and agrees to take any action and/or execute any documents that Secured Party may request in order to comply with the Federal Assignment of Claims Act, as amended.

Appears in 1 contract

Samples: Security Agreement (Canmax Inc /Wy/)

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Accounts and General Intangibles. Borrower Debtor will, except as otherwise provided in Subsection 6(f)subsection 6(e) of this Agreement, collect, at BorrowerDebtor's own expense, all amounts due or to become due under each of the accounts and general intangibles. In connection with such collections, Borrower Debtor may and, at Secured Party's direction, will take such action not otherwise forbidden by Subsection subsection 5(e) of this Agreement as Borrower Debtor or Secured Party may reasonably deem necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Borrower Debtor will also duly perform and cause to be performed all of its obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Borrower Debtor also covenants and agrees to take any action and/or execute any documents that Secured Party may reasonably request in order to comply with the Federal Assignment of Claims Act, as amended.

Appears in 1 contract

Samples: Credit and Security Agreement (Isecuretrac Corp)

Accounts and General Intangibles. Borrower Debtor will, except as otherwise provided in Subsection 6(f6(e), use commercially reasonable efforts to collect, at Borrower's Xxxxxx’s own expense, all amounts due or to become due under each of the accounts and general intangibles. In connection with such collections, Borrower Debtor may and, at Secured Party's ’s direction, will take such action not otherwise forbidden by Subsection 5(e) as Borrower Debtor or Secured Party may deem necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Borrower Debtor will also duly perform and cause to be performed all of its obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Borrower Debtor also covenants and agrees to take any action and/or execute any documents that Secured Party may request in order to comply with the Federal Assignment of Claims Act, as amended.

Appears in 1 contract

Samples: Security Agreement (Lm Funding America, Inc.)

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Accounts and General Intangibles. Borrower Debtor will, except as otherwise -------------------------------- provided in Subsection 6(f), 6(e) collect, at BorrowerDebtor's own expense, all amounts due --------------- or to become due under each of the accounts and general intangibles. In connection with such collections, Borrower Debtor may and, at Secured Party's direction, will take such action not otherwise forbidden by Subsection 5(e) as Borrower Debtor or --------------- Secured Party may deem necessary or advisable to enforce collection or performance of each of the accounts and general intangibles. Borrower Debtor will also duly perform and cause to be performed all of its obligations with respect to the goods or services, the sale or lease or rendition of which gave rise or will give rise to each account and all of its obligations to be performed under or with respect to the general intangibles. Borrower Debtor also covenants and agrees to take any action and/or execute any documents that Secured Party may request in order to comply with the Federal Assignment of Claims Act, as amended.

Appears in 1 contract

Samples: Security Agreement (Us Home Systems Inc /Tx)

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