Common use of Acknowledgment of Purchase Clause in Contracts

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser to Merchant in exchange for the Sold Amount of Future Receipts is a payment of an adequate consideration and is not intended to be treated as a loan or financial accommodation from Purchaser to Merchant. Guarantor specifically acknowledges Purchaser is not a lender, bank or credit card processor, and that Purchaser has not offered any loans to Merchant, and Guarantor waives any claims or defenses of usury in any action arising out of this Agreement. Guarantor acknowledges the Purchase Price paid to Merchant is good and valuable consideration for the sale of the Sold Amount of Future Receipts.

Appears in 3 contracts

Samples: Agreement of Sale of Future Receivables (Vystar Corp), Agreement of Sale of Future Receipts (Spectrum Global Solutions, Inc.), Agreement of Sale of Future Receipts (Spectrum Global Solutions, Inc.)

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Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Buyer to Merchant Seller in exchange for the Sold Purchased Amount of Future Receipts is a payment of for an adequate consideration and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser that Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor waives any claims or defenses of usury in any action arising out of this AgreementGuaranty. Guarantor acknowledges that the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Amount of Future ReceiptsPurchased Amount.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Clearday, Inc.), Samson Group (Clearday, Inc.), Samson Group (Clearday, Inc.)

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Xxxxx to Merchant Seller in exchange for the Sold Purchased Amount of Future Receipts is a payment purchase of an adequate consideration the Purchased Amount and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor waives any claims or defenses of usury in any action arising out of this AgreementGuaranty. Guarantor acknowledges the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Purchased Amount of Future Receipts.

Appears in 2 contracts

Samples: Agreementforthepurchaseandsale of Future (Emmaus Life Sciences, Inc.), Authorization Agreement (Aditxt, Inc.)

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Buyer to Merchant Seller in exchange for the Sold Purchased Amount of Future Receipts is a payment of for an adequate consideration and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser that Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor waives any claims or defenses of usury in any action arising out of this AgreementGuaranty. Guarantor acknowledges that the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Amount Purchased Amount. Page13 of Future Receipts.15

Appears in 1 contract

Samples: Samson Group (Clearday, Inc.)

Acknowledgment of Purchase. Guarantor acknowledges and agrees Seller acknowledge and agree that the Purchase Price paid by Purchaser to Merchant Seller in exchange for the Sold Amount of Future Receipts is a payment of an adequate consideration and is not intended to be treated as a loan or financial accommodation from Purchaser to MerchantSeller. Guarantor and Seller specifically acknowledges acknowledge that Purchaser is not a lender, bank or credit card processor, and that Purchaser has not offered any loans to MerchantSeller, and Guarantor waives and Seller respectively waive any claims or defenses of usury in any action arising out of this Agreement. Guarantor acknowledges and Seller acknowledge that the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Amount of Future Receipts.

Appears in 1 contract

Samples: Future Receipts Sale and Purchase Agreement (Amphitrite Digital Inc)

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Buyer to Merchant Seller in exchange for the Sold Purchased Amount of Future Receipts is a payment purchase of an adequate consideration the Purchased Amount and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor guarantor waives any claims or defenses of usury in any action arising out of this Agreementguaranty. Guarantor acknowledges the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Purchased Amount of Future Receipts.

Appears in 1 contract

Samples: Authorization Agreement (Aditxt, Inc.)

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Xxxxx to Merchant Seller in exchange for the Sold Purchased Amount of Future Receipts is a payment of for an adequate consideration and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser that Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor waives any claims or defenses of usury in any action arising out of this AgreementGuaranty. Guarantor acknowledges that the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Amount of Future ReceiptsPurchased Amount.

Appears in 1 contract

Samples: Future Receipts Sale and Purchase Agreement (Cannabis Bioscience International Holdings, Inc.)

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Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Xxxxx to Merchant Seller in exchange for the Sold Purchased Amount of Future Receipts Receipt is a payment of for an adequate consideration and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser that Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor waives any claims or defenses of usury in any action arising out of this AgreementGuaranty. Guarantor acknowledges that the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Amount of Future ReceiptsPurchased Amount.

Appears in 1 contract

Samples: Future Receivables Sale and Purchase Agreement (Cannabis Bioscience International Holdings, Inc.)

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Bxxxx to Merchant Seller in exchange for the Sold Purchased Amount of Future Receipts is a payment of for an adequate consideration and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser that Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor waives any claims or defenses of usury in any action arising out of this AgreementGuaranty. Guarantor acknowledges that the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Sold Amount of Future ReceiptsPurchased Amount.

Appears in 1 contract

Samples: Future Receipts Sale and Purchase Agreement (First Person Ltd.)

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Purchaser Buyer to Merchant Seller in exchange for the Amount Sold Amount of Future Receipts is a payment purchase of an adequate consideration the Amount Sold and is not intended to be treated as a loan or financial accommodation from Purchaser Buyer to MerchantSeller. Guarantor specifically acknowledges Purchaser Buyer is not a lender, bank or credit card processor, and that Purchaser Buyer has not offered any loans to MerchantSeller, and Guarantor waives any claims or defenses of usury in any action arising out of this AgreementGuaranty. Guarantor acknowledges the Purchase Price paid to Merchant Seller is good and valuable consideration for the sale of the Amount Sold Amount of Future Receipts.

Appears in 1 contract

Samples: Personal Guaranty of Performance (Clearday, Inc.)

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