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Common use of Receivables Clause in Contracts

Receivables. Each Receivable is genuine and enforceable against the party obligated to pay the same (an “Account Debtor”) free from any right of rescission, defense, setoff or discount.

Appears in 24 contracts

Samples: Blanket Security Agreement (Genesys Industries, Inc.), Blanket Security Agreement (Genesys Industries, Inc.), Security Agreement (Digital Lightwave Inc)

Receivables. Each Receivable is genuine and enforceable against the party obligated to pay the same (an " Account Debtor”Debtor ") free from any right of rescission, defense, setoff or discount.

Appears in 8 contracts

Samples: Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

Receivables. Each To the best of the Debtor’s knowledge, each Receivable is genuine and enforceable against the party obligated to pay the same (an “Account Debtor”) free from any right of rescission, defense, setoff or discount.

Appears in 5 contracts

Samples: Security Agreement (Bonds.com Group, Inc.), Security Agreement (Bonds.com Group, Inc.), Security Agreement (Bonds.com Group, Inc.)

Receivables. Each Receivable is genuine and enforceable against the party obligated to pay the same (an "Account Debtor") free from any right of rescission, defense, setoff or discount.

Appears in 4 contracts

Samples: Security Agreement (Expedition Leasing,Inc.), Security Agreement (Digital Lightwave Inc), Security Agreement (Digital Lightwave Inc)

Receivables. Each Receivable is genuine and enforceable against the party parties obligated to pay the same (an “Account Debtor”) free from any right of rescission, defense, setoff or discount.

Appears in 2 contracts

Samples: Security Agreement (Organic to Go Food CORP), Security Agreement (Organic to Go Food CORP)

Receivables. Each To the best of the Debtor’s knowledge, Receivable is genuine and enforceable against the party obligated to pay the same (an “Account Debtor”) free from any right of rescission, defense, setoff or discount.

Appears in 1 contract

Samples: Convertible Note and Warrant Purchase Agreement (Mechanical Technology Inc)

Receivables. Each Receivable is genuine and enforceable against the party obligated to pay the same (an "Account Debtor-sub ") free from any right of rescission, defense, setoff or discount.

Appears in 1 contract

Samples: Security Agreement (Vocalscape Networks, Inc.)