No Assignment of Payments. You acknowledge and agree that you shall not assign to any third party any payments due to you under the Agreement as the result of American Express Card transactions, and all indebtedness arising from American Express Card charges will be for bona fide sales of goods and services (or both) at your establishments and free of liens, claims, and encumbrances other than ordinary sales taxes; provided, however, that you may sell and assign future transaction receivables to us, our Affiliates and/or any other funding source that partners with us or our Affiliates,
No Assignment of Payments. Xxxxxxxx will not assign to any third party any payments due by Merchant under this Agreement. All indebtedness arising from charges will be for bona fide sales of goods or services (or both) at Merchant’s establishments and free of liens, claims and encumbrances other than ordinary sales taxes. For the avoidance of doubt, the prohibition on assigning payments due by Merchant does not apply to MAS, its affiliates or a partner of MAS or its Affiliates.
No Assignment of Payments. Your rights to any payments hereunder are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by your creditors. If, notwithstanding the preceding sentence, by reason of any attempted assignment, transfer, pledge or encumbrance, or any bankruptcy or other event happening at any time, any amount payable to you under this Agreement would be made subject to your debts or liabilities, then the Company, if it so elects, may terminate your right to receive any such payment.
No Assignment of Payments. No payments due or to become due under any U.S. Government Contract held by any Borrower or any Subsidiary have been assigned to any third party except as provided for in this Agreement.
No Assignment of Payments. Client acknowledges and agrees that Client shall not assign to any third party any payments due to Client under the Agreement as the result of American Express Card transactions, and all indebtedness arising from American Express Card charges will be for bona fide sales of goods and services (or both) at Client’s establishments and free of liens, claims, and encumbrances other than ordinary sales taxes; provided, however, that Client may sell and assign future transaction receivables to us, our Affiliates and/or any other funding source that partners with us or our Affiliates.
