Common use of Collateral Assignment of Contracts Clause in Contracts

Collateral Assignment of Contracts. The Borrower shall assign to Lender and grant a security interest to Lender in all contracts with contractors, architects and engineers (the “Assignment”).

Appears in 4 contracts

Sources: Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)

Collateral Assignment of Contracts. The Borrower shall assign to Lender and grant a security interest to Lender in all contracts with contractors, architects and engineers (the “Assignment”).

Appears in 1 contract

Sources: Development Loan Agreement (Amrep Corp.)