Common use of Governmental Obligors Clause in Contracts

Governmental Obligors. As of the Effective Date, none of the Obligors on any Accounts, and none of the parties to any Contracts constituting Collateral, is a Governmental Authority, except for any such Accounts or Contracts that are not material in relation to the business of the Grantor.

Appears in 2 contracts

Samples: Subsidiary Security Agreement (Raci Holding Inc), Subsidiary Security Agreement (Raci Holding Inc)

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Governmental Obligors. As of the Effective Date, none of the --------------------- Obligors on any Accounts, and none of the parties to any Contracts constituting Collateral, is a Governmental Authority, except for any such Accounts or Contracts that are not material in relation to the business of the Grantor.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Raci Holding Inc)

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Governmental Obligors. As of the Effective Date, none of the Obligors on any Accounts, and none of the parties to any Contracts constituting Collateral, is a Governmental Authority, except for any such Accounts or Contracts that are not material in relation to the business of the GrantorBorrower and its Subsidiaries, taken as a whole.

Appears in 1 contract

Samples: Borrower Security Agreement (Raci Holding Inc)

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