Examples of Payment Rights in a sentence
Developer (or its assignee), in its name or in the name of the City, may enforce all rights of the City, and all obligations of PRF, under and pursuant to this Contract for and on behalf of the Payment Rights Purchaser, whether or not there is an existing Event of Default by the City.
Other TermsPreauthorized Electronic Fund Transfers.Stop Payment Rights.
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.
The City shall preserve and protect the security hereof, and the rights of Developer and the Payment Rights Purchaser to the Installment Payments.
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.