Common use of Sales by Originators Clause in Contracts

Sales by Originators. Each sale of Receivables by an Originator to Borrower shall have been effected under, and in accordance with the terms of, the Receivables Sale Agreement, including the payment by Borrower to such Originator of an amount equal to the purchase price therefor as described in the Receivables Sale Agreement, and each such sale shall have been made for “reasonably equivalent value” (as such term is used under § 548 of the United States Bankruptcy Code) and not for or on account of “antecedent debt” (as such term is used under § 547 of the United States Bankruptcy Code) owed by Borrower to such Originator.

Sales by Originators. Each sale of Receivables by an Originator to Borrower shall have been effected under, and in accordance with the terms of, the Receivables Sale Agreement, including the payment by Borrower to such the applicable Originator of an amount equal to the purchase price therefor as described in the Receivables Sale Agreement, Agreement and each such sale shall have been made for “"reasonably equivalent value” " (as such term is used under § 548 of the United States Bankruptcy Code) and not for or on account of “"antecedent debt” " (as such term is used under § 547 of the United States Bankruptcy Code) owed by Borrower to such Originator.

Sales by Originators. Each sale of Receivables by an Originator to Borrower shall have been effected under, and in accordance with the terms of, the Receivables Sale Agreement, including the payment by Borrower to such Originator of an amount equal to the purchase price therefor as described in the Receivables Sale Agreement, and each such sale shall have been made for “"reasonably equivalent value” " (as such term is used under § Section 548 of the United States Bankruptcy Code) and not for or on account of “"antecedent debt” " (as such term is used under § Section 547 of the United States Bankruptcy Code) owed by Borrower to such Originator.

Sales by Originators. Each sale of Receivables by an Originator to Borrower shall have been effected under, and in accordance with the terms of, the Receivables Sale Agreement, including the payment by Borrower to such Originator of an amount equal to the purchase price therefor as described in the Receivables Sale Agreement, and each such sale shall have been made for “reasonably equivalent value” (as such term is used under § 548 of the United States Bankruptcy Code) and not for or on account of “antecedent debt” (as such term is used under § §547 of the United States Bankruptcy Code) owed by Borrower to such Originator.

Sales by Originators. Each sale of Receivables by an Originator to Borrower shall have been effected under, and in accordance with the terms of, the Receivables Sale Agreement, including the payment payments by Borrower to such Originator of an amount equal to the purchase price therefor as in the manner described in the Receivables Sale Agreement, Agreement and each such sale shall have been made for “reasonably equivalent value” (as such term is used under § 548 of the United States Bankruptcy Code) and not for or on account of “antecedent debt” (as such term is used under § 547 of the United States Bankruptcy Code) owed by Borrower to such Originator. No liabilities have been transferred by Originator to Borrower (including, without limitation, any unclaimed credit balances or liabilities with respect to any escheat or similar laws).