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

Federal, State or Municipal Claims. Each Grantor will notify the Administrative Agent of any Collateral, with a value individually or in the aggregate 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, the assignment of which claim is restricted by federal, state or municipal law. Furthermore, each Grantor will execute and deliver to the Administrative Agent such documents, agreements and instruments, and will take such further actions (including, without limitation, the taking of necessary actions under the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.)), which the Administrative Agent may, from time to time, reasonably request, to ensure perfection and priority of the Liens hereunder in respect of Accounts and General Intangibles owing by any government or instrumentality or agency thereof with a value individually or in the aggregate in excess of $1,000,000, all at the expense of the Company.

Federal, State or Municipal Claims. Each Grantor will notify the Administrative Agent of any Collateral, with a value individually or in the aggregate in excess of $1,000,000, 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, the assignment of which claim is restricted by federal, state or municipal law. Furthermore, upon the request of the Administrative Agent, each Grantor will execute and deliver to the Administrative Agent such documents, agreements and instruments, and will take such further actions (including, without limitation, the taking of necessary actions under the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.)), which the Administrative Agent may, from time to time, reasonably request, to ensure perfection and priority of the Liens hereunder in respect of Accounts and General Intangibles with a value in excess of $1,000,000 in the aggregate owing by any government or instrumentality or agency thereof with a value individually or in the aggregate in excess of $1,000,000thereof, all at the expense of the CompanyBorrower.

Federal, State or Municipal Claims. Each Grantor will notify the Administrative Agent of any Collateral, with a value individually or in the aggregate in excess of $1,000,000, Collateral owned by such Grantor which constitutes a claim involving an amount of $250,000 or more 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. Furthermore, each Grantor will execute and deliver to the Administrative Agent such documents, agreements and instruments, and will take such further actions (including, without limitation, the taking of necessary actions under the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.)), which the Administrative Agent may, from time to time, reasonably request, to ensure perfection and priority of the Liens hereunder in respect of Accounts and General Intangibles owing by any government or instrumentality or agency thereof with a value individually or in the aggregate in excess of $1,000,000thereof, all at the expense of the CompanyBorrowers.

Federal, State or Municipal Claims. Each Grantor Grantor, upon the Administrative Agent’s reasonable request, will notify the Administrative Agent of any Collateral, with a value individually or in the aggregate in excess of $1,000,000, 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, the assignment of which claim is restricted by federal, state or municipal law. Furthermore, each Grantor will execute and deliver to the Administrative Agent such documents, agreements and instruments, and will take such further actions (including, without limitation, the taking of necessary actions under the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.)), which the Administrative Agent may, from time to time, reasonably request, to ensure perfection and priority of the Liens hereunder in respect of Accounts and General Intangibles owing by any government or instrumentality or agency thereof with a value individually or in the aggregate in excess of $1,000,000thereof, all at the expense of the CompanyBorrower.

Federal, State or Municipal Claims. Each Grantor will notify the Administrative Collateral Agent in writing of any Collateral, with a value individually or in the aggregate in excess of $1,000,000, Collateral owned by such Grantor which constitutes a claim involving an amount of $125,000 or more 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. Furthermore, each Grantor will execute and deliver to the Administrative Collateral Agent such documents, agreements and instruments, and will take such further actions (including, without limitation, the taking of necessary actions under the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.)), which the Administrative Collateral Agent may, from time to time, reasonably requestrequest (acting at the direction of the Required Noteholder Parties), to ensure perfection and priority of the Liens hereunder in respect of Accounts and General Intangibles owing by any government or instrumentality or agency thereof with a value individually or in the aggregate in excess of $1,000,000thereof, all at the expense of the CompanyIssuer.

Federal, State or Municipal Claims. Each Grantor will notify the Administrative Agent of any Collateral, with a value individually or in the aggregate in excess of $1,000,000, 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, the assignment of which claim is restricted by federal, state or municipal law. Furthermore, in the event the aggregate amount of such claims are in excess of $2,000,000, each Grantor will execute and deliver to the Administrative Agent such documents, agreements and instruments, and will take such further actions (including, without limitation, the taking of necessary actions under the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.)), which the Administrative Agent may, from time to time, reasonably request, to ensure perfection and priority of the Liens hereunder in respect of Accounts and General Intangibles owing by any government or instrumentality or agency thereof with a value individually or in the aggregate in excess of $1,000,000thereof, all at the expense of the CompanyBorrower.

Federal, State or Municipal Claims. Each Grantor will notify the Administrative Collateral Agent in writing of any Collateral, with a value individually or in the aggregate in excess of $1,000,000, Collateral owned by such Grantor which constitutes a claim involving an amount of $125,000 or more 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. Furthermore, each Grantor will execute and deliver to the Administrative Collateral Agent such documents, agreements and instruments, and will take such further actions (including, without limitation, the taking of necessary actions under the Federal Assignment of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15 et seq.)), which the Administrative Collateral Agent may, from time to time, reasonably requestrequest (acting at the direction of the Instructing Group), to ensure perfection and priority of the Liens hereunder in respect of Accounts and General Intangibles owing by any government or instrumentality or agency thereof with a value individually or in the aggregate in excess of $1,000,000thereof, all at the expense of the CompanyIssuer.