Common use of Payments to Applicable Originator Clause in Contracts

Payments to Applicable Originator. With respect to each Receivable transferred to Transferor under the Receivables Purchase Agreement, Transferor has given reasonably equivalent value to the applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by any Originator of any Receivable under the Receivables Purchase Agreement is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. Sections 101 et seq.), as amended.

Payments to Applicable Originator. With respect to each Receivable transferred to Transferor Borrower under the Receivables Purchase Sale Agreement, Transferor Borrower has given reasonably equivalent value to the applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by any Originator of any Receivable under the Receivables Purchase Sale Agreement is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. Sections 101 et seq.), as amended.

Payments to Applicable Originator. With respect to each Receivable transferred to Transferor Borrower under the Receivables Purchase Sale Agreement, Transferor Borrower has given reasonably equivalent value to the applicable Originator in consideration therefor and such transfer was not made for or on account of an antecedent debt. No transfer by any Originator of any Receivable under the Receivables Purchase Sale Agreement is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. Sections §§ 101 et seq.), as amended.