Common use of Sales by Originator Clause in Contracts

Sales by Originator. Each sale by such Originator to Buyer of an interest in Receivables has been made for “reasonably equivalent value” (as such term is used in Section 548 of the Bankruptcy Code) and not for or on account of “antecedent debt” (as such term is used in Section 547 of the Bankruptcy Code) owed by such Originator to Buyer.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Sirva Inc), Purchase and Sale Agreement (Sirva Inc), Purchase and Sale Agreement (Sirva Inc)

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Sales by Originator. Each sale by such Originator to Buyer of an interest in Receivables has been made for “reasonably equivalent value” (as such term is used in Section 548 of the Bankruptcy Code) and not for or on account of “antecedent debt” (as such term is used in Section 547 of the Bankruptcy Code) owed by such Originator to Buyer.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Great Plains Energy Inc), Purchase and Sale Agreement (Hunt J B Transport Services Inc), Purchase and Sale Agreement (Sirva Inc)

Sales by Originator. Each sale by such Originator to Buyer of an interest in Receivables has been made for "reasonably equivalent value" (as such term is used in Section 548 of the Bankruptcy Code) and not for or on account of "antecedent debt" (as such term is used in Section 547 of the Bankruptcy Code) owed by such Originator to Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Great Plains Energy Inc), Purchase and Sale Agreement (Kansas City Power & Light Co)

Sales by Originator. Each sale by such Originator to Buyer of an interest in Receivables has been made for “reasonably equivalent value” "REASONABLY EQUIVALENT VALUE" (as such term is used in Section 548 of the Bankruptcy Code) and not for or on account of “antecedent debt” "ANTECEDENT DEBT" (as such term is used in Section 547 of the Bankruptcy Code) owed by such Originator to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Swift Transportation Co Inc)

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Sales by Originator. Each sale by such an Originator to Buyer of an interest in Receivables has been made for “reasonably equivalent value” (as such term is used in Section 548 of the Bankruptcy Code) and not for or on account of “antecedent debt” (as such term is used in Section 547 of the Bankruptcy Code) owed by such an Originator to Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Tronox Inc)

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