Common use of Reasonably Equivalent Value Clause in Contracts

Reasonably Equivalent Value. The Buyer has given reasonably equivalent value to the Seller in consideration for the transfer and sale to the Buyer of the applicable Receivables and other property from such Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by such Seller to the Buyer. The Seller acknowledges that it will receive reasonably equivalent value in consideration for the transfer to the Buyer of all Receivables and other property now or hereafter to be transferred and sold hereunder. The Buyer and the Servicer may rely upon any of these representations and warranties, and any of the covenants and agreements of the Seller contained herein in connection with any transactions pursuant to the Pooling and Servicing Agreement. (f) Subsection (d) of Section 5.1 is deleted and replaced in its entirety the following:

Appears in 1 contract

Samples: Receivables Purchase Agreement (Proffitts Inc)

AutoNDA by SimpleDocs

Reasonably Equivalent Value. The Buyer Purchaser has given reasonably equivalent value to the Seller in consideration for the transfer and sale to the Buyer Purchaser of the applicable Receivables and other property from such Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by such Seller to the BuyerPurchaser. The Seller acknowledges that it will receive reasonably equivalent value in consideration for the transfer to the Buyer Purchaser of all Receivables and other property now or hereafter to be transferred and sold hereunder. The Buyer Purchaser and the Servicer may rely upon any of these representations and warranties, and any of the covenants and agreements of the Seller contained herein in connection with any transactions pursuant to the Pooling and Servicing Agreement. (f) Subsection (d) of Section 5.1 is deleted and replaced in its entirety the following:.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Saks Inc)

Reasonably Equivalent Value. The Buyer Purchaser has given --------------------------- reasonably equivalent value to the Seller in consideration for the transfer and sale to the Buyer Purchaser of the applicable Receivables and other property from such Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by such Seller to the BuyerPurchaser. The Seller acknowledges that it will receive reasonably equivalent value in consideration for the transfer to the Buyer Purchaser of all Receivables and other property now or hereafter to be transferred and sold hereunder. The Buyer Purchaser and the Servicer may rely upon any of these representations and warranties, and any of the covenants and agreements of the Seller contained herein in connection with any transactions pursuant to the Pooling and Servicing Agreement. (f) Subsection (d) of Section 5.1 is deleted and replaced in its entirety the following:.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Proffitts Credit Corp)

AutoNDA by SimpleDocs

Reasonably Equivalent Value. The Buyer Purchaser has given reasonably --------------------------- equivalent value to the Seller in consideration for the transfer and sale to the Buyer Purchaser of the applicable Receivables and other property from such Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by such Seller to the BuyerPurchaser. The Seller acknowledges that it will receive reasonably equivalent value in consideration for the transfer to the Buyer Purchaser of all Receivables and other property now or hereafter to be transferred and sold hereunder. The Buyer Purchaser and the Servicer may rely upon any of these representations and warranties, and any of the covenants and agreements of the Seller contained herein in connection with any transactions pursuant to the Pooling and Servicing Agreement. (f) Subsection (d) of Section 5.1 is deleted and replaced in its entirety the following:.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Proffitts Credit Card Master Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!