Common use of Purchase and Sale Transaction Clause in Contracts

Purchase and Sale Transaction. Upon our initially making the amount of the Advance available to you, you hereby agree to sell, assign and transfer to us, and we hereby agree to purchase from you, all of your right, title and interest in and to the Specified Amount of Future Receivables, in accordance with and subject to the terms of this Axxxxxxxx.XXX UNDERSTAND AND AGREE THAT THIS IS A PURCHASE AND SALE TRANSACTION, NOT A LOAN.

Appears in 3 contracts

Samples: Revenue Share Agreement (Kidpik Corp.), Revenue Share Agreement (Kidpik Corp.), Revenue Share Agreement (Kidpik Corp.)

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Purchase and Sale Transaction. Upon our initially making the amount of the Advance available to you, you hereby agree to sell, assign and transfer to us, and we hereby agree to purchase from you, all of your right, title and interest in and to the Specified Amount of Future Receivables, in accordance with and subject to the terms of this Axxxxxxxx.XXX Agreement. YOU UNDERSTAND AND AGREE THAT THIS IS A PURCHASE AND SALE TRANSACTION, NOT A LOAN.

Appears in 1 contract

Samples: Revenue Share Agreement Inventory (Kidpik Corp.)

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