Common use of Contract Right Clause in Contracts

Contract Right. any right of each Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance. Current Assets — at any date means all of the current assets of a Person would be properly classified as current assets shown on a balance sheet at such date in accordance with GAAP. D▇▇▇▇▇ — D▇▇▇▇▇ Corporation, an Indiana corporation. D▇▇▇▇▇ — Ashland — D▇▇▇▇▇ Corporation, Ashland Manufacturing Facility, an Ohio corporation. D▇▇▇▇▇ — D▇▇▇▇▇ Foundry, Inc., a Nebraska corporation. Default — an event or condition the occurrence of which would, with the lapse of time or the giving of notice, or both, become an Event of Default. Default Rate — as defined in subsection 2.1.2 of the Agreement.

Contract Right. any right of each Borrower to payment under a contract for the sale or lease of goods or the rendering of services, which right is at the time not yet earned by performance. Current Assets — at any date means all of the current assets of a Person would be properly classified as current assets shown on a balance sheet at such date in accordance with GAAP. D▇▇▇▇▇ — – D▇▇▇▇▇ Corporation, an Indiana corporation. D▇▇▇▇▇ — Ashland — – D▇▇▇▇▇ Corporation, Ashland Manufacturing Facility, an Ohio corporation. D▇▇▇▇▇ — – D▇▇▇▇▇ Foundry, Inc., a Nebraska corporation. Default — an event or condition the occurrence of which would, with the lapse of time or the giving of notice, or both, become an Event of Default. Default Rate — as defined in subsection 2.1.2 of the Agreement.