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Common use of Preference Clause in Contracts

Preference. Any payment by Seller to Purchaser is held to constitute a preference under bankruptcy laws, or for any reason Purchaser is required to refund such payment or pay such amount to Seller or someone else.

Appears in 15 contracts

Samples: Guaranty (Fortress Credit Realty Income Trust), Guaranty (Cim Real Estate Finance Trust, Inc.), Guaranty (Claros Mortgage Trust, Inc.)

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Preference. Any payment by Seller to Purchaser Buyer is held to constitute a preference under bankruptcy laws, or for any reason Purchaser Buyer is required to refund such payment or pay such amount to Seller or someone else.

Appears in 15 contracts

Samples: Guaranty (FS Credit Real Estate Income Trust, Inc.), Guaranty (Cim Real Estate Finance Trust, Inc.), Guaranty (FS Credit Real Estate Income Trust, Inc.)

Preference. Any payment by any Seller to Purchaser is held to constitute a preference under bankruptcy laws, or for any reason Purchaser is required to refund such payment or pay such amount to any Seller or someone else.

Appears in 4 contracts

Samples: Guaranty (Blackstone Mortgage Trust, Inc.), Guaranty (Blackstone Mortgage Trust, Inc.), Master Repurchase Agreement (Blackstone Mortgage Trust, Inc.)

Preference. Any payment by any Seller to Purchaser is held to constitute a preference under bankruptcy laws, or for any reason Purchaser is required to refund such payment or pay such amount to such Seller or someone else.

Appears in 3 contracts

Samples: Guaranty (Starwood Credit Real Estate Income Trust), Guaranty, Guaranty (Benefit Street Partners Realty Trust, Inc.)

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Preference. Any payment by Buyer to Seller to Purchaser is held to constitute a preference under the Bankruptcy Code or other applicable bankruptcy laws, laws or for any reason Purchaser Seller is required to refund such payment or pay such amount to Seller Buyer or someone elseto any other Person.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cottonwood Multifamily Opportunity Fund, Inc.)