Common use of Sales are Non-Recourse Clause in Contracts

Sales are Non-Recourse. Other than the obligations to repurchase Receivables under the limited circumstances set forth in Section 6.1 and to make payments with respect to Dilution under Section 3.2(b), the sales of Receivables under this Agreement shall be without recourse to the Seller.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Credit Store Inc), Receivables Purchase Agreement (Credit Store Inc)

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Sales are Non-Recourse. Other than the obligations to repurchase Receivables under the limited circumstances set forth in Section 6.1 and to make payments with respect to Dilution Credit Adjustments under Section 3.2(b)) and the indemnity provided in Section 5.3, the sales of Receivables under this Agreement shall be without recourse to the Seller.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Metris Companies Inc)

Sales are Non-Recourse. Other than the obligations obligation to repurchase Receivables under the limited circumstances set forth in Section 6.1 and to make payments with respect to Dilution under Section 3.2(b)hereof, the sales of Receivables under this Agreement shall be without recourse to the Seller.. [END OF ARTICLE VI]

Appears in 1 contract

Samples: Bank Receivables Purchase Agreement (Fingerhut Receivables Inc)

Sales are Non-Recourse. Other than the obligations to repurchase Receivables Accounts under the limited circumstances set forth in Section 6.1 and to make payments with respect to Dilution under Section 3.2(b)6.1, the sales of Receivables Accounts under this Agreement shall be without recourse to the Seller.

Appears in 1 contract

Samples: Account Purchase Agreement (Credit Store Inc)

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Sales are Non-Recourse. Other than the obligations obligation to make payments under SECTION 3.2(B) hereof or repurchase Receivables under the limited circumstances set forth in Section SECTION 6.1 and to make payments with respect to Dilution under Section 3.2(b)hereof, the sales of Receivables under this Agreement shall be without recourse to the Seller.

Appears in 1 contract

Samples: Bank Receivables Purchase Agreement (Fingerhut Receivables Inc)

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