Contract Right definition

Contract Right means any right of Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance.

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Contract Right means any right, power or remedy of any nature under any Contract including rights to receive property or services or otherwise derive benefits from the payment, satisfaction or performance of another party’s Obligations, rights to demand that another party accept property or services or take any other actions, and rights to pursue or exercise remedies or options.

Contract Right means any right to payment under a contract (including, but not limited to, contracts for the sale or leasing of goods or for the rendering of services) not yet earned by performance and not evidenced by an Instrument or Chattel Paper.

Examples of Contract Right in a sentence

• If a party has a right to terminate, as provided in this Contract (Right to Terminate), the termination is effective upon the other party’s receipt of a written notice to terminate (Notice to Terminate), provided such written notice was received on or before the applicable deadline specified in this Contract.

• Contract Right - any right of each Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance.

• If a party has a right to terminate, as provided in this Contract (Right to Terminate), the 694 termination is effective upon the other party’s receipt of a written notice to terminate (Notice to Terminate), provided such written 695 notice was received on or before the applicable deadline specified in this Contract.

• If a party has a right to terminate, as provided in this Contract (Right to Terminate), the 737 termination is effective upon the other party’s receipt of a written notice to terminate (Notice to Terminate), provided such written 738 notice was received on or before the applicable deadline specified in this Contract.

• If a party has a right to terminate, as provided in this Contract (Right to Terminate), the 752 termination is effective upon the other party’s receipt of a written notice to terminate (Notice to Terminate), provided such written 753 notice was received on or before the applicable deadline specified in this Contract.

More Definitions of Contract Right

Contract Right means any right of each Grantor to payment under a contract for the sale or lease of goods, the rendering of services or the licensing of any Intellectual Property, which right is at the time not yet earned by performance.

Contract Right means (a) any contract right, and (b) any right to payment under a contract not yet earned by performance and not evidenced by an Instrument or Chattel Paper.

Contract Right means any right of the Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance.

Contract Right as defined in Section 7 hereof.

Contract Right means any right to payment under a contract, whether or not evidenced by an Instrument or Chattel Paper presently existing or hereafter arising.

Contract Right means any right to payment under a contract not yet earned by performance, whether or not evidenced by an Instrument or Chattel Paper. (d) "General lntangibles" shall mean all general intangibles as defined in the Alabama Uniform Commercial Code and all choses in action, causes of action and other intangible personal property of the Borrower of every kind and nature (other than Accounts) including, without limitation, corporate or other business records, inventions, designs, patents, patent applications, trademarks, trade names, trade secrets, good will, copyrights, registrations, licenses, franchises, tax refund claims and any security now or hereafter held by or granted to tmre Borrower to secure payment of any of the Accounts. (e) "Inventory" shall mean goods, merchandise and other personal property now or hereafter held by the Borrower for, sale or lease or furnished or to be furnished under contracts of service or otherwise, raw materials, parts, finished goods, work-in-process and supplies and materials used or consumed, or to be used or consumed, in the Borrower's present or any future business, and all such property the sale, lease or other disposition of which has given rise to Accounts and which has been returned to or repossessed or stopped in transit by the Borrower. (g) "Liability" or "Liabilities' shall include all indebtedness, obligations (including obligations of performance) and liabilities of the Borrower to the Lender of every kind and description whatsoever, direct or indirect, absolute or contingent, due or to become due, now existing or hereafter incurred, contracted or arising, or acquired by the Lender from any source, joint or several, liquidated or unliquidated, regardless of how they arise or by what agreement or instrument they may be evidenced or whether they are evidenced by any agreement or instrument, and whether incurred as maker, endorser, surety, guarantor or otherwise, including without limitation obligations incurred in connection with the issuance of a letter of credit, and any and all extensions and renewals of any of the same. (g) "Purchaser" shall include any buyer or lessee of Inventory from the Borrower, any customer for whom services have been rendered or materials furnished by the Borrower and any other person or organization that is now or may become obligated to the Borrower on an Account.

Contract Right means the right to any performance or payment under a contract.