Common use of Assignment of Security Interest Clause in Contracts

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account with a value in excess of $500,000 (or, with respect to all such property, an aggregate value in excess of $1,000,000), such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of, and transferees from, the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property having a fair market value of $25,000 or more of an Account Debtor or any other Person to secure payment and performance of an Account with a value in excess of $500,000 (orAccount, with respect to all such property, an aggregate value in excess of $1,000,000), such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of, of and transferees from, from the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account with a value in an amount in excess of $500,000 (or, with respect to all such property, an aggregate value in excess of $1,000,000)250,000, such Grantor shall promptly assign such security interest to the Collateral Administrative Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of, of and transferees from, from the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account with a value valued in excess of $500,000 (or, with respect to all such property, an aggregate value in excess of $1,000,000)500,000, such Grantor shall promptly assign such security interest to the Collateral AgentAgents. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of, of and transferees from, from the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other Person to secure payment and performance of an Account with a value in excess of $500,000 (or, with respect 1,000,000 to all such property, an aggregate value in excess of $1,000,000)the extent permissible under the document granting a security interest, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of, of and transferees from, from the Account Debtor or other Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor account debtor or any other Person to secure payment and performance of an Account with Receivable and the property securing payment and performance of the Account Receivable has a value in excess of $500,000 (or, with respect to all such property, an aggregate value in excess of $1,000,000), such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of, and transferees from, the Account Debtor account debtor or other Person granting the security interest.