Non-payment Contract definition
Non-payment Contract means any Contract or agreement to which any Pledgor is a party other than a contract whereby the account debtor’s principal obligation is a monetary obligation; provided that, Non-payment Contracts shall not include Receivables.
Non-payment Contract means any contract or agreement to which the Grantor is a party other than any contract where the account debtor's principal obligation is a monetary obligation; provided, however that Non-payment Contracts shall not include any Receivables Contracts.
Non-payment Contract means any Contract to which any Canadian Grantor is a party other than any Contract where the Account Debtor’s principal obligation is a monetary obligation; provided that Non-payment Contracts shall not include any Receivables Contracts.