Common use of Federal Assignment of Claims Act Clause in Contracts

Federal Assignment of Claims Act. Subject to Section 7, Pledgor shall (x) within ten (10) Business Days of the existence of a Governmental Debtor send to such entity a written request that such entity, in writing (an "ACA LETTER") (i) consent to the security interest granted by Pledgor to Secured Party in such Collateral, (ii) agree to do such other things as may be necessary pursuant to the terms of the Collateral, and (iii) to agree that, upon receipt of notice from Secured Party, such entity will make payments under such Collateral as Secured Party shall direct; and (y) use commercially reasonable efforts to deliver to Secured Party, within thirty (30) days of Pledgor's request sent pursuant to clause (x) above, such ACA Letter executed by such Governmental Debtor.