Original Seller definition
Examples of Original Seller in a sentence
Neither the Original Seller nor the Original Guarantor shall be released from performance of any of their respective obligations under the Agreement and/or the Guaranty, as applicable.
With respect to each Receivable transferred to Originator under the Transfer Agreement, Originator has given reasonably equivalent value to the applicable Original Seller in consideration therefor and such transfer was not made for or on account of an antecedent debt.
Such Seller Party will not, and will not permit Originator or any Original Seller to, make any change to the Credit and Collection Policy that could adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables.
Upon written acceptance by such Successor Seller Representative to serve as Seller Representative, such Successor Seller Representative shall thereupon succeed to and become vested with all of the powers and duties and obligations of the Original Seller Representative without further act.
Seller acknowledges that the Purchasers are entering into the transactions contemplated by this Agreement in reliance upon Seller’s identity as a legal entity that is separate from Originator and any Original Seller.