Common use of Rights to Payment Clause in Contracts

Rights to Payment. (i) The Rights to Payment represent valid, binding and enforceable obligations of the account debtors or other Persons obligated thereon, representing, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto;

Appears in 3 contracts

Samples: Third Amended and Restated Security Agreement (Par Pacific Holdings, Inc.), Pledge and Security Agreement (Par Pacific Holdings, Inc.), Pledge and Security Agreement (Par Petroleum Corp/Co)

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Rights to Payment. (ia) The the Rights to Payment represent valid, binding and enforceable obligations of the account debtors Account Debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor’s reserves for uncollectible Rights to Payment;

Appears in 3 contracts

Samples: Security Agreement (Prospect Medical Holdings Inc), And Restated Security Agreement (Prospect Medical Holdings Inc), Security Agreement (Prospect Medical Holdings Inc)

Rights to Payment. (ia) The the Rights to Payment represent valid, binding and enforceable obligations of the account debtors Account Debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Guarantor's reserves for uncollectible Rights to Payment;

Appears in 2 contracts

Samples: Security Agreement (Prospect Medical Holdings Inc), Security Agreement (Prospect Medical Holdings Inc)

Rights to Payment. (ia) The the Rights to Payment represent valid, binding and enforceable obligations of the account debtors Account Debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Guarantor’s reserves for uncollectible Rights to Payment;

Appears in 2 contracts

Samples: Security Agreement (Prospect Medical Holdings Inc), Security Agreement (Matrixx Initiatives Inc)

Rights to Payment. (ia) The the Rights to Payment represent valid, binding and enforceable obligations of the account debtors Account Debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Borrower's reserves for uncollectible Rights to Payment;

Appears in 2 contracts

Samples: Security Agreement (Prospect Medical Holdings Inc), Security Agreement (Pcsupport Com Inc)

Rights to Payment. (ia) The to the Knowledge of Borrowers, the Rights to Payment represent valid, binding and enforceable obligations of the account debtors Account Debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by each Borrowers’ reserves for uncollectible Rights to Payment;

Appears in 1 contract

Samples: Security Agreement (Matrixx Initiatives Inc)

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Rights to Payment. (ia) The the Rights to Payment represent valid, binding and enforceable obligations of the account debtors Account Debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind or character, except to the extent reflected by Debtor's reserves for uncollectible Rights to Payment;

Appears in 1 contract

Samples: Security Agreement (RSL Communications PLC)

Rights to Payment. (i) The Rights to Payment represent valid, binding and enforceable obligations of the account debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine and what they purport to be;

Appears in 1 contract

Samples: Security Agreement (BioAmber Inc.)

Rights to Payment. (ia) The the Rights to Payment represent valid, binding and enforceable obligations of the account debtors Account Debtors or other Persons obligated thereon, representingrepresenting undisputed, bona fide transactions completed in accordance with the terms and provisions contained in any documents related thereto, and are and will be genuine, free from Liens, adverse claims, counterclaims, setoffs, defaults, disputes, defenses, retainages, holdbacks and conditions precedent of any kind of character, except to the extent reflected by Debtor's reserves for uncollectible Rights to Payment;

Appears in 1 contract

Samples: Security Agreement (RSL Communications PLC)

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