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

Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents of any Collateral which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Dura Automotive Systems Inc), Pledge and Security Agreement (Dura Automotive Systems Inc), Pledge and Security Agreement (Dura Automotive Systems Inc)

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Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents Administrative Agent of any Collateral owned by such Grantor which constitutes a claim in excess of $1,000,000 against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 3 contracts

Samples: Pledge and Security Agreement, Pledge and Security Agreement (Endo Pharmaceuticals Holdings Inc), Pledge and Security Agreement (Endo Pharmaceuticals Holdings Inc)

Federal, State or Municipal Claims. Each Such Grantor will promptly notify the Agents Collateral Agent of any Collateral which constitutes a claim in an amount in excess of $250,000 against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 2 contracts

Samples: Senior Secured Credit Agreement (Lifetime Brands, Inc), Senior Secured Credit Agreement (Lifetime Brands, Inc)

Federal, State or Municipal Claims. Each Such Grantor will promptly notify the Agents Agent of any Collateral which constitutes a claim in excess of $100,000 against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Wanxiang Group Corp), Pledge and Security Agreement (A123 Systems, Inc.)

Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents Administrative Agent of any Collateral which constitutes a claim in excess of $2,000,000 against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Altra Holdings, Inc.)

Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents Administrative Agent of any Collateral having an aggregate value in excess of $500,000 owned by such Grantor which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Security Agreement (Inventure Foods, Inc.)

Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents Administrative Agent of any Collateral having a value in excess of $100,000 owned by such Grantor which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Innerworkings Inc)

Federal, State or Municipal Claims. Each Such Grantor will promptly notify the Agents 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 thereof having an individual fair market a value in excess of $2,000,0001,000,000, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Altra Holdings, Inc.)

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Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents Administrative Agent of any Collateral owned by such Grantor which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law, in each case, to the extent that the fair market value of such Collateral individually, or in the aggregate with respect to any Person against whom such a claim may be made, exceeds $1,000,000.

Appears in 1 contract

Samples: Pledge and Security Agreement (Kendle International Inc)

Federal, State or Municipal Claims. Each The Grantor will shall promptly notify the Agents Collateral Agent of any Collateral which constitutes a claim in excess of $2,500,000 against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Pledge and Security Agreement (Turning Point Brands, Inc.)

Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents Collateral Agent of any Collateral owned by such Grantor which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,0001,000,000, the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Security Agreement (Photronics Inc)

Federal, State or Municipal Claims. Each Grantor will promptly notify the Agents Administrative Agent of any Collateral having a value in excess of $1,000,000 owned by such Grantor which constitutes a claim against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000(other than a claim for a tax refund), the assignment of which claim is restricted by federal, state or municipal law.

Appears in 1 contract

Samples: Credit Agreement (Journal Media Group, Inc.)

Federal, State or Municipal Claims. Each Grantor will shall promptly notify the Agents Collateral Agent of any Collateral which constitutes a claim in excess of $100,000 against the United States government or any state or local government or any instrumentality or agency thereof having an individual fair market value in excess of $2,000,000thereof, the assignment of which claim is restricted by federalU.S. Federal, state or municipal law.

Appears in 1 contract

Samples: Security Agreement (Indalex Holding Corp.)

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