Common use of Government Accounts Clause in Contracts

Government Accounts. Borrower will immediately notify Lender if any of Borrower's accounts arise out of contracts with the United States, any state or municipality, or any department, agency or instrumentality thereof, and execute any instruments and take any steps required by Lender in order that all monies due and to become due under such contracts shall be assigned to Lender.

Appears in 3 contracts

Samples: Loan and Security Agreement (Yahoo Inc), Loan and Security Agreement (Launch Media Inc), Merger Agreement (Unisphere Networks Inc)

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Government Accounts. The Borrower will immediately notify the Lender if any of Borrower's accounts the Receivables arise out of contracts with the United States, States or with any state or municipality, or any department, agency or instrumentality thereofother Governmental Authority, and execute any instruments and take any steps required by the Lender in order that all monies moneys due and to become due under such contracts shall be assigned to Lenderthe Lender and notice thereof given to the Governmental Authority under the Federal Assignment of Claims Act or any other applicable Laws.

Appears in 2 contracts

Samples: Loan and Security Agreement (Xybernaut Corp), Loan and Security Agreement (Celsion Corp)

Government Accounts. Borrower will immediately notify Lender if any of Borrower's ’s accounts arise out of contracts with the United StatesKingdom, any state or municipality, or any department, agency or instrumentality thereof, and execute any instruments and take any steps required by Lender in order that all monies due and to become due under such contracts shall be assigned to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (@Road, Inc)

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Government Accounts. Borrower will immediately notify Lender if any of Borrower's accounts arise out of contracts with the United States, any state or municipality, or any department, agency or instrumentality thereof, and execute any instruments and take any steps -11- 13 required by Lender in order that all monies due and to become due under such contracts shall be assigned to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Unisphere Networks Inc)

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