Common use of Acknowledgment of Purchase Clause in Contracts

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

Appears in 4 contracts

Samples: Future Receipts Sale and Purchase Agreement (Clearday, Inc.), Future Receipts Sale and Purchase Agreement (Clearday, Inc.), Future Receipts Sale and Purchase Agreement (Clearday, Inc.)

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

Appears in 3 contracts

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

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

Appears in 2 contracts

Samples: Agreement for the Purchase and Sale of Future Receipts (Emmaus Life Sciences, Inc.), Purchase and Sale of Future Receipts (Aditxt, Inc.)

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

Appears in 1 contract

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

Acknowledgment of Purchase. Guarantor acknowledges and agrees that the Purchase Price paid by Buyer to Seller in exchange for the Purchased Amount of Future Receipts is a payment for an adequate consideration purchase of the Purchased Amount and is not intended to be treated as a loan or financial accommodation from Buyer to Seller. Guarantor specifically acknowledges that Buyer is not a lender, bank or credit card processor, and that Buyer has not offered any loans to Seller, and Guarantor waives any claims or defenses of usury in any action arising out of this and Guaranty. Guarantor acknowledges that the Purchase Price paid to Seller is good and valuable consideration for the sale of the Purchased Amount.Amount of Future Receipts. Initials: /s/ JC _ Initials: _____ 10 C6 CAPITAL, LLC

Appears in 1 contract

Samples: Purchase and Sale of Future Receipts (SharedLabs, Inc)

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

Appears in 1 contract

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

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

Appears in 1 contract

Samples: Purchase and Sale of Future Receipts (Aditxt, Inc.)

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

Appears in 1 contract

Samples: Purchase and Sale of Future Receipts (Emmaus Life Sciences, Inc.)

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