Common use of Pledge of Receivables Clause in Contracts

Pledge of Receivables. Borrower hereby agrees to pledge all Receivables and, if so requested by Lender, Borrower shall deliver to Lender all documents evidencing Receivables of Borrower, no less often than on the twentieth (20th) day of each calendar month during the term of this Agreement, together with the Schedule of Receivables and Assignment, as set forth in Section 3.2 hereof.