Common use of Rights to Payment Clause in Contracts

Rights to Payment. (a) the Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor’s reserves for uncollectible Rights to Payment;

Appears in 3 contracts

Samples: Security Agreement (Prospect Medical Holdings Inc), And Restated Security Agreement (Prospect Medical Holdings Inc), Security Agreement (Prospect Medical Holdings Inc)

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Rights to Payment. (ai) the The Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors account debtors or other Persons obligated thereon, representing undisputedrepresenting, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor’s reserves for uncollectible Rights to Payment;

Appears in 3 contracts

Samples: Third Amended and Restated Security Agreement (Par Pacific Holdings, Inc.), Pledge and Security Agreement (Par Pacific Holdings, Inc.), Pledge and Security Agreement (Par Petroleum Corp/Co)

Rights to Payment. (a) the Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by DebtorGuarantor’s reserves for uncollectible Rights to Payment;

Appears in 2 contracts

Samples: Security Agreement (Matrixx Initiatives Inc), Security Agreement (Prospect Medical Holdings Inc)

Rights to Payment. (a) the Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor’s Borrower's reserves for uncollectible Rights to Payment;

Appears in 2 contracts

Samples: Security Agreement (Prospect Medical Holdings Inc), Security Agreement (Pcsupport Com Inc)

Rights to Payment. (a) the Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor’s Guarantor's reserves for uncollectible Rights to Payment;

Appears in 2 contracts

Samples: Security Agreement (Prospect Medical Holdings Inc), Security Agreement (Prospect Medical Holdings Inc)

Rights to Payment. (ai) the The Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors account debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks genuine and conditions precedent of any kind of character, except what they purport to the extent reflected by Debtor’s reserves for uncollectible Rights to Paymentbe;

Appears in 1 contract

Samples: Security Agreement (BioAmber Inc.)

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Rights to Payment. (a) to the Knowledge of Borrowers, the Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor’s each Borrowers’ reserves for uncollectible Rights to Payment;

Appears in 1 contract

Samples: Security Agreement (Matrixx Initiatives Inc)

Rights to Payment. (a) the Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor’s 's reserves for uncollectible Rights to Payment;

Appears in 1 contract

Samples: Security Agreement (RSL Communications PLC)

Rights to Payment. (a) the Rights to Payment represent valid, binding and enforceable obligations of the Account Debtors or other Persons obligated thereon, representing undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of or character, except to the extent reflected by Debtor’s 's reserves for uncollectible Rights to Payment;

Appears in 1 contract

Samples: Security Agreement (RSL Communications PLC)

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