Common use of Federal, State or Municipal Claims Clause in Contracts

Federal, State or Municipal Claims. The Borrower will notify the Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 4 contracts

Samples: Credit Agreement (Viad Corp), Security Agreement (Magnetek Inc), Pledge and Security Agreement (Chromcraft Revington Inc)

AutoNDA by SimpleDocs

Federal, State or Municipal Claims. The Borrower Debtor will notify the Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 4 contracts

Samples: Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc), Security Agreement (Magnetek Inc)

Federal, State or Municipal Claims. The Borrower will promptly notify the Agent Lender of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Mam Software Group, Inc.), Pledge and Security Agreement (Mam Software Group, Inc.), Security Agreement (Caraco Pharmaceutical Laboratories LTD)

Federal, State or Municipal Claims. The Borrower Such Debtor will notify the Collateral Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereofa Governmental Authority, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 2 contracts

Samples: Intercreditor Agreement (Vanguard Natural Resources, Inc.), Intercreditor Agreement (Vanguard Natural Resources, LLC)

Federal, State or Municipal Claims. The Borrower will shall notify the Agent Lender of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Acacia Diversified Holdings, Inc.), Asset Purchase Agreement (Acacia Automotive Inc)

Federal, State or Municipal Claims. The Borrower Each Debtor will notify the Administrative Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (SCP Pool Corp)

Federal, State or Municipal Claims. The Borrower will notify the Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is expressly restricted by federal, state or municipal lawlaw in a manner that would not permit Agent to obtain a Security Interest therein under the Code.

Appears in 1 contract

Samples: Security Agreement (Lilis Energy, Inc.)

Federal, State or Municipal Claims. The Borrower Debtor will notify the Agent Lender of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Loan Agreement (Coolbrands International Inc)

Federal, State or Municipal Claims. The Term Borrower will notify the Agent of any Collateral which constitutes a claim against the United States of America government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Sand Springs Railway CO)

Federal, State or Municipal Claims. The Borrower Such Debtor will notify the Administrative Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereofa Governmental Authority, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Security Agreement (Vanguard Natural Resources, Inc.)

AutoNDA by SimpleDocs

Federal, State or Municipal Claims. The Borrower Debtor will notify the Agent Lender of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mobility Electronics Inc)

Federal, State or Municipal Claims. The Borrower Each Debtor will notify the Agent ---------------------------------- of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Transit Group Inc)

Federal, State or Municipal Claims. The Borrower Such Debtor will notify the Collateral Agent of any Collateral which constitutes a claim against the United States of America government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Security Agreement (Sand Springs Railway CO)

Federal, State or Municipal Claims. The Borrower Each Debtor will notify the Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: And Restated Security Agreement (Midas Inc)

Federal, State or Municipal Claims. The Borrower will notify the Administrative Agent of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Teton Energy Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!