Common use of No Payment Clause in Contracts

No Payment. The Seller has no knowledge of any fact which would lead it to expect that, when billed, any Receivable sold hereunder would not be paid in accordance with its terms when due.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Dell Computer Corp), Receivables Purchase Agreement (Dell Computer Corp)

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No Payment. The Seller has no knowledge Knowledge of any fact which would lead it to reasonably expect that, when billed, any Receivable sold hereunder would not be paid in accordance with its terms when due.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Zenith Electronics Corp), Receivables Purchase Agreement (Zenith Electronics Corp)

No Payment. The Seller has no knowledge Knowledge of any fact which would lead it to reasonably expect that, when billed, any Receivable sold Transferred hereunder would not be paid in accordance with its terms when due.

Appears in 2 contracts

Samples: Purchase Agreement (Elder Beerman Stores Corp), Purchase Agreement (Elder Beerman Stores Corp)

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No Payment. The Seller has no knowledge of any fact which would ---------- lead it to expect that, when billed, the amount billed under any Receivable sold or contributed hereunder would not be paid in accordance with its terms when due.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Ak Steel Holding Corp)

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