Common use of Payments to Sellers Clause in Contracts

Payments to Sellers. With respect to each Receivable sold or contributed to the Buyer by such Seller under this Agreement, the Buyer has given reasonably equivalent value to such Seller in consideration for such Receivable and the Related Security with respect thereto and no such transfer is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. ss.ss.101 et seq.), as amended.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Boston Scientific Corp), Receivables Sale Agreement (Boston Scientific Corp)

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Payments to Sellers. With respect to each Receivable sold or contributed to the Buyer by such Seller under this Agreement, the Buyer has given reasonably equivalent value to such Seller in consideration for such Receivable and the Related Security Assets with respect thereto and no such transfer is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. ss.ss.101 'SS''SS'101 et seq.), as amended.

Appears in 1 contract

Samples: Receivables Sale Agreement (Quest Diagnostics Inc)

Payments to Sellers. With respect to each Receivable sold or contributed to the Buyer by such Seller under this Agreement, the Buyer has given reasonably equivalent value to such Seller in consideration for such Receivable and the Related Security Assets with respect thereto and no such transfer is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. ss.ss.101 'SS''SS' 101 et seq.), as amended.

Appears in 1 contract

Samples: Receivables Sale Agreement (Quest Diagnostics Inc)

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Payments to Sellers. With respect to each Receivable sold or contributed to the Buyer by such Seller under this Agreement, the Buyer has given reasonably equivalent value to such Seller in consideration for such Receivable and the Related Security with respect thereto and no such transfer is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. ss.ss.101 §§101 et seq.), as amended.

Appears in 1 contract

Samples: Receivables Sale Agreement (Boston Scientific Corp)

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