Common use of Assignment of Claims Act Clause in Contracts

Assignment of Claims Act. Each Borrower is now in compliance and hereby covenants and agrees that such Borrower will in the future comply with any and all of the requirements of the Assignment of Claims Act, where such statutes are applicable to any Government Contract, and shall take all such other action as may be necessary to facilitate the direct assignment to the Lender of the Payments due or to become due under any non-classified Government Contract and the creation and perfection of the Lender’s security interest in such Payments.

Appears in 1 contract

Samples: Revolving Line of Credit Loan and Security Agreement (Essex Corp)

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Assignment of Claims Act. Each The Borrower is now in compliance and hereby covenants and agrees that such the Borrower will in the future comply with any and all of the requirements of the Assignment of Claims Act, where such statutes are applicable to any Government Contract, and shall take all such other action as may be necessary to facilitate the direct assignment to the Lender of the Payments due or to become due under any non-classified Government Contract and the creation and perfection of the Lender’s security interest in such Payments.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Efj Inc)

Assignment of Claims Act. Each Borrower is now in compliance and hereby covenants and agrees that such Borrower will in the future comply with any and all of the requirements of the Assignment of Claims Act, where such statutes are applicable to any Government Contract, and shall take all such other action as may be necessary to facilitate the direct assignment to the Lender of the Payments due or to become due under any non-classified Government Contract and the creation and perfection of the Lender’s security 's interest in such PaymentsPayments under any Government Contract.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement (Dunn Computer Corp /Va/)

Assignment of Claims Act. Each Borrower is now in compliance and hereby covenants and agrees that such Borrower will in the future comply with any and all of the requirements of the Assignment of Claims Act, where such statutes are applicable to any Government Contract, and shall take all such other action as may be necessary to facilitate the direct assignment to the Lender of the Payments due or to become due under any non-classified Government Contract and the creation and perfection of the Lender’s 's security interest in such Payments.

Appears in 1 contract

Samples: Revolving Line of Credit Loan Agreement, Term Loans Agreement and Security Agreement (On Site Sourcing Inc)

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Assignment of Claims Act. Each The Borrower is now in compliance and hereby covenants and agrees that such the Borrower will in the future comply with any and all of the requirements of the Assignment Assignments of Claims Act, where such statutes are applicable to any Government Contract, and shall take all such other action as may be necessary to facilitate the direct assignment to the Lender of the Payments due or to become due under any non-classified Government Contract and the creation and perfection of the Lender’s security 's interest in such PaymentsPayments under any Government Contract.

Appears in 1 contract

Samples: Modification Agreement (Dunn Computer Corp /Va/)

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