Status of Buyer. Buyer is a sophisticated purchaser that (i) is in the business of buying or originating or collecting Accounts of the type being purchased, or (ii) otherwise deals in such Accounts in the ordinary course of Buyer’s business.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Eddie Bauer Holdings, Inc.), Purchase and Sale Agreement (Eddie Bauer Holdings, Inc.), Purchase and Sale Agreement (Eddie Bauer Holdings, Inc.)
Status of Buyer. The Buyer represents, warrants and certifies to the Seller that it is (a) a sophisticated financial institution; (b) an institutional purchaser including a sophisticated, informed purchaser that (i) is in the business of buying or originating or collecting Accounts of the type being purchased, purchased or (ii) that otherwise deals in such Accounts in the ordinary course of the Buyer’s 's business; or (c.) an entity or individual that is defined as an accredited investor under the federal securities laws.
Appears in 1 contract
Samples: Account Purchase Agreement (Performance Capital Management LLC)
