Payment Rights definition

Payment Rights means any right of any Obligor to the payment of money arising from the Disposition of any Inventory or rendition of services, whether such right to payment constitutes an Account or Payment Intangible or is evidenced by or consists of a Document, Instrument, Chattel Paper, Letter-of-Credit Right or Supporting Obligation.

Payment Rights shall have the meaning set forth in Section 5 hereof.

Payment Rights means rights to receive periodic payments under a structured settlement agreement, whether from the obligor or the annuity issuer.

Examples of Payment Rights in a sentence

• No Claimant or Successor Payee shall have the power to effect any Transfer of Payment Rights except as provided in sub-paragraph (ii) above, and any other purported Transfer of Payment Rights shall be wholly void.

• The City shall preserve and protect the security hereof, and the rights of Developer and the Payment Rights Purchaser to the Installment Payments.

• The City shall adopt such resolutions, execute and deliver such instruments, and make any and all further assurances as reasonably may be necessary or proper: (i) to carry out the intention of this Contract; (ii) to facilitate the performance of this Contract; and/or (iii) in connection with assuring and confirming the rights and benefits provided to Developer and the Payment Rights Purchaser.

• The policies of general liability insurance required to be maintained by this Section shall: (i) name Developer or PRF, as applicable, the City, and the Payment Rights Purchaser as additional insureds; and (ii) provide that Developer, PRF, the City, and the Payment Rights Purchaser shall be given written notice at least 30 days in advance of any intended cancellation or reduction of coverage.

• Developer shall not: (i) record or file any mortgage or financing statement covering all or any portion of the Project Site, the Project, or the materials to construct the Project, in any public office, except financing statements in favor of the Payment Rights Purchaser; or (ii) cause or permit any such mortgage or financing statement to be recorded or filed.

More Definitions of Payment Rights

Payment Rights. The Pool Member shall make or be entitled to receive payments in respect of each Scheme Genset as determined in accordance with Section 27 of Schedule 9 notwithstanding the expiry of the period referred to in Clause 50.4.

Payment Rights means rights to receive periodic payments under a structured settle-

Payment Rights has the meaning set forth in the PSA.

Payment Rights shall have the meaning given such term in Section 6.8.

Payment Rights has the meaning specified in the Acquisition Agreement as in effect on the Closing Date.

Payment Rights means all (i) accounts, instruments and general intangibles (as such terms are defined in the Uniform Commercial Code of Texas) attributable to the Properties with respect to any period of time on or after January 1, 1998 and (ii) liens and security interests in favor of the Company, whether choaxx xx inchoate, under any law, rule or regulation or under the Contracts (a) arising from the ownership, operation, sale or other disposition on or after January 1, 1998 of any of the Properties and (b) arising in favor of the Company as the operator of certain of the Oil and Gas Properties.

Payment Rights means rights to receive periodic payments under a structured settle- ment agreement, whether from the obligor or the annuity issuer.