Governmental Accounts. If any of Borrower's Accounts in excess of --------------------- $10,000 arise out of contracts with the United States or any department, agency, or instrumentality thereof, Borrower will immediately notify the Bank thereof in writing and execute any instruments and take any steps required by the Bank in order that all monies due and to become due under such Account shall be assigned to the Bank and notice thereof given to the Government under the Federal Assignment of Claims Act.
Governmental Accounts. If more than 5% of the Accounts included in the Collateral is or becomes subject to the Federal Assignment of Claims Act, the Grantor shall immediately notify the Collateral Agent thereof in writing and execute all instruments and take all steps reasonably required by the Collateral Agent to comply with that act.
Governmental Accounts. If any of the Accounts, the face value of which exceeds One Thousand Dollars ($1,000) of any Borrower, arises out of a contract with the United States of America, or any department, agency, subdivision or instrumentality thereof, each Borrower shall promptly notify Lender thereof in writing and is to execute any instruments and take any other action required or requested by Lender to comply with the provisions of the Federal Assignment of Claims Act or any other Applicable Law.
Governmental Accounts. If the Collateral is or becomes subject to the Federal Assignment of Claims Act, the Grantor will immediately notify the Lender thereof in writing and execute all instruments and take all steps required by the Lender to comply with that act.
Governmental Accounts. If the Collateral is or becomes subject to the Federal Assignment of Claims Act, the Mortgagor will immediately notify the Mortgagee thereof in writing and execute all instruments and take all steps required by the Mortgagee to comply with that act.
Governmental Accounts. If any of the Accounts, the face value of which exceeds Fifty Thousand Dollars ($50,000) individually or in the aggregate, arises out of a contract with the United States of America, or any department, agency, subdivision or instrumentality thereof, each Borrower shall promptly notify Agent thereof in writing and is to execute any instruments and take any other action required or requested by Agent to comply with the provisions of the Federal Assignment of Claims Act or any other Applicable Law.
Governmental Accounts. Notwithstanding anything to the contrary in this Agreement, Lender and Borrowers agree that each of WMC-SA, WMC-A, Chapman and Coastal shall have soxx xxxxnion and control over the Proceeds of any Accounts which contain or constitute payments from federal or state healthcare programs, including Medicare and Medi-Cal, for medical services provided by such Borrower ("GOVERNMENTAL ACCOUNTS"). Lender and Borrowers further agree that: (a) WMC-SA, WMC-A, Chapman and Coastal shall each haxx xxxx dominion and control over their respective Deposit Accounts which contain or receive payments on Governmental Accounts (the "GOVERNMENTAL DEPOSIT ACCOUNTS")
Governmental Accounts. In respect to all contracts with any agency of the United States government which, if consummated, will create an account receivable from such agency of $100,000 or more, the Borrower shall promptly prepare, execute and deliver to Lenders all notices, assignments and other documents (the "Assignment Documents") necessary to cause such account to be transferred to Lenders under the Federal Assignment of Claims Act. Upon the occurrence of an Event of Default or upon the aggregate of all Obligors' accounts receivables subject to the Federal Assignment of Claims Act exceeding thirty percent (30%) of Obligors' total accounts receivables owing at any one time, Lenders shall have the right to forthwith file and deliver the Assignment Documents with the appropriate government agencies to cause such accounts owing from such agencies to be paid directly to Lenders.
Governmental Accounts. If the Collateral is or becomes subject to the Federal Assignment of Claims Act, the Borrower will immediately notify the Lender thereof in writing and execute all instruments and take all steps required by the Lender to comply with that act.
Governmental Accounts. 38 6.9. Instruments and Chattel Paper. . . . . . . . . . . . . . . . . . . 39 6.10. Inventory Warranties. . . . . . . . . . . . . . . . . . . . . . . 39 6.11.
