Common use of Seller Acknowledgement Clause in Contracts

Seller Acknowledgement. Each Seller acknowledges that: (a) its sale, transfer, assignment, grant and conveyance of the Transferred Rights to the Buyer is irrevocable; (b) such Seller shall have no recourse to the Transferred Rights; and (c) such Seller shall have no recourse to the Buyer, except for the Buyer’s breaches of its representations, warranties or covenants, in each case as expressly stated in this Agreement and the Related Assignment and Assumption.

Appears in 4 contracts

Samples: Debt Purchase Agreement, Debt Purchase Agreement, Debt Purchase Agreement (Verizon Communications Inc)

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