Receivables Assignment Sample Clauses
A Receivables Assignment clause allows one party to transfer its right to receive payments under a contract to a third party. In practice, this means that if a company is owed money by a customer, it can assign the right to collect those payments to a bank or another entity, often as part of a financing arrangement. This clause facilitates the transfer of financial rights, enabling businesses to improve cash flow or secure loans by leveraging their outstanding receivables.
Receivables Assignment. The term as defined in Section 4.3.
Receivables Assignment. The Purchasers must have received SCT's duly ---------------------- executed counterpart to the Assignment Agreement regarding the Broward County Receivables and the San ▇▇▇▇ Receivables, in a form and substance satisfactory to the Purchasers and SCT (the "Receivables Assignment").
Receivables Assignment. Apexia, at its sole discretion, shall have the right to assign monies payable under this Agreement to a Financing Partner whether pursuant to a lease, a conditional sale, receivable sale or otherwise, (a) all or any part of the payments due under this Agreement; and (b) Apexia’s rights under this Agreement to any Product provided for in this Agreement, in such case to secure its obligations in connection with the financing of and or provision of such Product. CUSTOMER shall make all payments under this Agreement to Apexia provided that Apexia is not in default (“Default”) of an assignment agreement with a Financing Partner for all or part of the payments under this Agreement. In the event of a Default, the Financing Partner may notify CUSTOMER of the Default and direct CUSTOMER in writing to remit the payments under this Agreement directly to such Financing Partner. Upon receipt of and in accordance with such notice and direction, CUSTOMER agrees to make the payments under this Agreement directly to the Financing Partner. The CUSTOMER will be required to sign an acknowledgement with respect to their concurrence with said assignment and direction to make such payments directly to the assignee in the event of a default by Apexia.
Receivables Assignment. This LOAN AND SECURITY AGREEMENT is entered into for good and valuable consideration, by and between FINOVA CAPITAL CORPORATION, a Delaware corporation ("Lender"), and CR Resorts Cancun, S. de ▇.▇. de C.V. ("CR Cancun"); CR Resorts Los Cabos, S. de ▇.▇. de C.V. ("CR Cabos"); CR Resorts Puerto Vallarta, S. de ▇.▇. de C.V. ("CR Puerto Vallarta"); Corporacion Mexitur, S.A. de C.V. ("Corporacion Mexitur"); CR Resorts Cancun Timeshare Trust, S. de ▇.▇. de C.V. ("Cancun Sub"); CR Resorts Cabos Timeshare Trust, S. de ▇.▇. de C.V. ("Cabos Sub") and CR Resorts Puerto Vallarta Timeshare Trust, S. de ▇.▇. de C.V. ("Puerto Vallarta Sub"), individually and collectively, jointly and severally, "Borrower".
Receivables Assignment. On the Closing Date, the Receivables Assignors shall assign and convey to CFin Holdings all rights of each Receivables Assignor in and to all present and future Receivables, all pursuant to the Receivables Assignment and Assumption Agreement (the “Receivables Assignment”). A description of each of the items of the Receivables Assignment, and the amount which is currently owed and being assigned is set forth on
Receivables Assignment. SCT must have received the Company's duly ---------------------- executed counterpart to the Receivables Assignment.