Common use of Federal Claims Clause in Contracts

Federal Claims. None of the Collateral constitutes a claim against the US, or any State or municipal government or any department, instrumentality or agency thereof, the assignment of which claim is restricted by law. Each Loan Party shall notify Agent of any Collateral in excess of the sum of $100,000 which constitutes a claim against the US, or any State or municipal government or any department, instrumentality or agency thereof, the assignment of which claim is restricted by law. Upon the request of Agent, the applicable Loan Party shall take such steps as may be necessary to comply with any applicable federal assignment of claims laws and other comparable laws.

Federal Claims. None of the Collateral constitutes a claim against the USUnited States of America, or any State or municipal government or any department, instrumentality or agency thereof, the assignment of which claim is restricted by law. Each The Restricted Loan Party Parties shall notify Agent of any Collateral in excess of the sum of $100,000 which constitutes a claim against the USUnited States of America, or any State or municipal government or any department, instrumentality or agency thereof, the assignment of which claim is restricted by law. Upon the request of Agent, the applicable Restricted Loan Party Parties shall take such steps as may be necessary to comply with any applicable federal assignment of claims laws and other comparable laws.

Federal Claims. None of the Collateral constitutes a claim against the USUnited States of America, or any State or municipal government or any department, instrumentality or agency thereof, the assignment of which claim is restricted by law. Each Loan Party Borrower shall notify Agent of any Collateral in excess of the sum of $100,000 which constitutes a claim against the USUnited States of America, or any State or municipal government or any department, instrumentality or agency thereof, the assignment of which claim is restricted by law. Upon the request of Agent, the applicable Loan Party Borrower shall take such steps as may be necessary to comply with any applicable federal assignment of claims laws and other comparable laws.