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.
View Source
Payment Rights shall have the meaning set forth in Section 5 hereof.
View Source
Payment Rights means rights to receive periodic payments under a structured settlement agreement, whether from the obligor or the annuity issuer.
View Source

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.

  • You agree that we may terminate this Agreement and your use of the ATM Card or Visa Debit Card services, if: Stop Payment Rights.

  • Stock Purchaser's right to receive the payments from Starwood Lodging described in this section are referred to herein as the "Payment Rights." Pursuant to a written instrument a copy of which is delivered to Starwood Lodging promptly following its execution by Stock Purchaser, Stock Purchaser may distribute to its partners or their shareholders or assign to any other Person all or any portion of the Payment Rights either together with or separately from the Paired Shares delivered hereunder.

  • Subject to the terms and conditions of this Agreement, Bank shall purchase from Company, and Company shall sell and assign to Bank, the Payment Rights for the Payment Rights Price.

  • However, none of Stock Purchaser's rights under this Agreement shall be assignable except (i) in the case of the Payment Rights, as provided in Section 5 hereof, and (ii) in the case of all other rights of Stock Purchaser or another Restricted Holder, to a transferee of Subject Shares in a transaction not constituting an Open Market Sale if such transferee delivers a Joinder Agreement in compliance with Section 4 hereof.


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.
View Source
Payment Rights means rights to receive periodic payments under a structured settle-
View Source
Payment Rights has the meaning set forth in the PSA.
View Source
Payment Rights shall have the meaning given such term in Section 6.8.
View Source
Payment Rights has the meaning specified in the Acquisition Agreement as in effect on the Closing Date.
View Source
Payment Rights has the meaning ascribed to it in Section 2.3(b) of this Agreement;
View Source
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 choa▇▇ ▇▇ 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.
View Source