Common use of Fair Consideration Clause in Contracts

Fair Consideration. The consideration received by the Seller, in exchange for the Leases (including the right to receive all payments due or to become due thereunder) and the transfer of its interests in the Equipment, is fair consideration having value equivalent to or in excess of the value of the assets being transferred by the Seller.

Appears in 7 contracts

Sources: Sales Contracts (Copelco Capital Funding Corp X), Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales Contracts (Copelco Capital Funding Corp X)

Fair Consideration. The consideration to be received by the SellerInitial Sellers, in exchange for the Leases each transfer of Contracts and other Assets (including the right to receive all payments Collections due or to become due thereunder) and the transfer of its interests thereunder or in the Equipmentrespect thereto), is fair consideration having value reasonably equivalent to or in excess of the value of the assets being transferred by the Sellerit.

Appears in 1 contract

Sources: Purchase Agreement (Transmedia Network Inc /De/)

Fair Consideration. The consideration received and to be received by the Seller, Seller in exchange for the sale of the Leases (including the right to receive all payments due or to become due thereunderrelated Lease Receivables) and the transfer of its interests in the Equipment, Equipment hereunder is fair consideration having value equivalent to or in excess of the value of the assets being transferred by the Seller.

Appears in 1 contract

Sources: Sale Agreement (Linc Capital Inc)

Fair Consideration. The consideration to be received by the Seller, in exchange for the Leases each transfer of Contracts and other Contract Assets (including the right to receive all payments Collections due or to become due thereunder) and the transfer of its interests thereunder or in the Equipmentrespect thereto), is fair consideration having value reasonably equivalent to or in excess of the value of the assets being transferred by the Sellerit.

Appears in 1 contract

Sources: Purchase and Servicing Agreement (Transmedia Network Inc /De/)

Fair Consideration. The consideration received by the Seller, such Seller in exchange for the Leases transfer of its Receivables (including the right to receive all payments Collections due or to become due thereunder) and the transfer of its interests in the Equipment, is fair consideration having value equivalent to or in excess of the value of the assets being transferred by the such Seller.

Appears in 1 contract

Sources: Sales and Servicing Agreement (Essex International Inc /)