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 Issuer 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.
Appears in 2 contracts
Samples: Second Priority Security Agreement (GMX Resources Inc), Security Agreement (GMX Resources Inc)
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 Issuer 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.
Appears in 2 contracts
Samples: Security Agreement (GMX Resources Inc), Security Agreement (GMX Resources Inc)
