Examples of Related Buyer in a sentence
GENERAL INFORMATION REGARDING “SALE” DETERMINATION OF SELLING PRICE DEDUCTIBLE ITEMS FROM SELLING PRICE CALCULATION OF ROYALTIES Date and Country of Sale by LICENSEE and Affiliates (e.g., if sold for use in the United States, state “sold for use in U.S.”) If Sold to Related Buyer, identity of Related Buyer.
The purchase or acquisition of the Transferred Receivables by its Related Buyer hereunder, the application of the Sale Price therefor and the consummation of the transactions contemplated by this Agreement and the other Related Documents will not violate any provision of any such statute or any rule, regulation or order issued by the Securities and Exchange Commission.
No effective financing statements or other similar instruments are of record in any filing office listing such Originator as debtor and purporting to cover the Transferred Receivables except those filed in favor of its Related Buyer in connection with this Agreement and those relating to security interests that shall be immediately and automatically released with respect to a Transferred Receivable upon its Transfer hereunder.
In order to evidence the interests of its Related Buyer under this Agreement, such Originator shall, from time to time take such action, or execute and deliver such instruments as may be requested by its Related Buyer as necessary or reasonably desirable to maintain and perfect, as a first-priority interest, such Buyer’s ownership interest in the Transferred Receivables and all other assets sold to such Buyer pursuant hereto.
It is the express intent of each of the parties hereto that the transactions hereunder shall constitute absolute and irrevocable true sales or valid contributions of Receivables and the Related Assets by each Originator to its Related Buyer (such that the Receivables and the Related Assets, other than those repurchased by the Originators pursuant to the terms hereof, would not be property of any Originator’s estate in the event of any Originator’s bankruptcy).
All information contained in this Agreement, any of the other Related Documents, or any written statement furnished to its Related Buyer has been prepared in good faith by management of such Originator, as the case may be, with the exercise of reasonable diligence.
No license or approval is required for its Related Buyer or its assignee (including the Purchaser Agent or any Successor Servicer) to use any programs used by such Originator in the servicing of the Receivables other than those which have been obtained and are in full force and effect.
On and as of each Transfer Date, all Receivables then owned by each Originator and not previously acquired by its Related Buyer shall be sold immediately upon its creation to such Related Buyer (each such Receivable sold, individually, a “Sold Receivable” and, collectively, the “Sold Receivables”).
The obligations of either Buyer hereunder to cause any Minority Related Buyer Business to acknowledge, comply with or perform under the provisions of this Agreement shall expire in their entirety on the third anniversary of the Closing.
Such Originator shall make available to its Related Buyer, SPV and the Servicer and their respective counsel, as quickly as is possible under the circumstances, originals or copies of all books and records, including Records maintained by such Originator, as its Related Buyer, SPV or the Servicer may reasonably request.