Preference; Voidability. The Seller warrants that the conveyance of the applicable Receivables and Collections to the Buyer, and each such conveyance, shall not have been made for or on account of an antecedent debt owed by the Seller to the Buyer and no such transfer is or may be voidable under any Section of the United States Bankruptcy Code.
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Samples: Receivables Purchase Agreement (Credit Store Inc), Receivables Purchase Agreement (Credit Store Inc)
Preference; Voidability. The Seller warrants that the conveyance of the applicable Receivables and Collections and Related Security to the BuyerPurchaser, and each such conveyance, shall not have been made for or on account of an antecedent debt owed by the Seller to the Buyer Purchaser and no such transfer is or may be voidable under any Section of the United States Bankruptcy CodeReform Act of 1978 (11 U.S.C. Section 101 et seq.), as amended.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Proffitts Inc), Receivables Purchase Agreement (Proffitts Inc)
Preference; Voidability. The Seller warrants that the conveyance of the applicable Receivables and Collections and Related Security to the BuyerPurchaser, and each such conveyance, shall not have been made for or on account of an antecedent debt owed by the Seller to the Buyer Purchaser and no such transfer is or may be voidable under any Section of the United States Bankruptcy CodeReform Act of 1978 (11 U.S.C. 101 et seq.), as amended.
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