Common use of Assignment of Security Interest Clause in Contracts

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral AgentAgent to the extent permitted by any contracts or arrangements to which such property is subject. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign be deemed to have assigned such security interest to the Collateral Agent. Such assignment need not Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed of public record unless necessary all such further instruments and documents and take all such actions as the Collateral Agent may from time to continue the perfected status of time reasonably request to better assure, preserve, protect and perfect the security interest against creditors of and transferees from granted pursuant to the Account Debtor or other person granting the security interestforegoing sentence.

Assignment of Security Interest. If at any time any the Grantor shall take and perfect a security interest in any property of an Account Debtor account debtor or any other person to secure payment and performance of an Accounta Receivable, such any contract right, or payment intangible the Grantor shall promptly assign such security interest to the Collateral AgentLender. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor account debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any such Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an AccountAccount (except with respect to Excluded Property), such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person with a fair market value in excess of $50,000 to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Administrative Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security secu rity interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of of, and transferees from from, the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Administrative Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any a Grantor shall take and perfect a security interest in any property of an Account Debtor account debtor or any other person to secure payment and performance of an AccountAccount Receivable, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor account debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral AgentAdministrative Agent to the extent permitted by any contracts or arrangements to which such property is subject. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any such Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an AccountAccount (except with respect to Excluded Property), such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an AccountAccount (except with respect to Excluded Assets), such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property having a fair market value of $25,000 or more of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an AccountAccount in an amount in excess of $250,000, such Grantor shall promptly assign such security interest to the Collateral AgentAgent for the benefit of the Secured Parties. Such assignment need not be filed of public record unless necessary to continue the first priority and perfected status of the security interest Security Interest of the Collateral Agent against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an AccountAccount to the extent permissible under the document granting a security interest, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest interest, to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such Unless and until an Event of Default shall have occurred and be continuing and the Collateral Agent has requested the filing of such assignment, such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any the Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such the Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any such Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an AccountAccount (except with respect to Excluded Property), such Grantor shall promptly assign such security interest to the Collateral AgentAgent to the extent legally permissible. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any the Grantor shall take and perfect a security interest in any property of an Account Debtor account debtor or any other person to secure payment and performance of an AccountAccount Receivable, such the Grantor shall promptly assign such security interest to the Agent as part of the Collateral Agenthereunder. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor account debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an AccountAccount to the extent permissible under the document granting a security interest, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an AccountAccount in excess of $100,000, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any the Grantor shall take and perfect a security interest in any property of an Account Debtor account debtor or any other person to secure payment and performance of an AccountAccount Receivable, such the Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor account debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any the Grantor shall take and perfect a security interest in any property of an Account a Receivable Debtor or any other person to secure payment and performance of an Accountany Receivable, such the Grantor shall promptly assign such security interest to the Collateral AgentTrustee. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Receivable Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.. 151 11

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Administrative Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of of, and transferees from from, the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign be deemed to have collaterally assigned such security interest to Collateral Agent to the Collateral Agentextent such security interest is assignable. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall as promptly as reasonably practicable assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor of the Grantors shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take and perfect a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an AccountAccount in an amount in excess of $250,000, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor interest shall promptly assign such security interest to become part of the Collateral Agentwithout further action by any party. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Credit Agent and the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, subject to its obligations under the Bank Loan Documentation, such Grantor shall promptly 9 of 19 assign such security interest to the Collateral AgentAgent to the extent permitted by any contracts or arrangements to which such property is subject. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any ------------------------------- Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the tot he Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign (to the extent permitted to do so) such security interest to the Collateral Agent; provided that such Grantor shall make all commercially reasonable efforts to obtain consent to assign such property as security to the Collateral Agent pursuant to this Agreement. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral AgentAgent to the extent permitted by any contracts or arrangements to which such property is subject. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an AccountAccount Receivable, such Grantor shall promptly assign such security interest to the Collateral Administrative Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any a Grantor shall take and perfect a security interest in any property of an Account Debtor account debtor or any other person Person to secure payment and performance of an AccountAccount Receivable, such Grantor shall promptly assign such security interest to the Collateral AgentTrustee. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor account debtor or other person Person granting the security interest.

Assignment of Security Interest. If at any time any Grantor of the Grantors shall take and perfect a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor -------------------------------- shall take a security interest in any property of an Account Debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take and perfect a security interest in any property of an Account Debtor account debtor or any other person to secure payment and performance of an Account, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor account debtor or other person granting the security interest.

Assignment of Security Interest. If at any time any Grantor shall take a security interest in any property of an Account Debtor or any other person Person to secure payment and performance of an AccountAccount valued in excess of $500,000, such Grantor shall promptly assign such security interest to the Collateral Agent. Such assignment need not be filed of public record unless necessary to continue the perfected status of the security interest against creditors of and transferees from the Account Debtor or other person Person granting the security interest.