Common use of Fraudulent Conveyance Clause in Contracts

Fraudulent Conveyance. The Seller is not selling the Receivables to the Purchaser with any intent to hinder, delay or defraud any of its creditors; the Seller will not be rendered insolvent as a result of the sale of the Receivables to the Purchaser.

Appears in 24 contracts

Sources: Purchase Agreement (Consumer Portfolio Services, Inc.), Receivables Purchase Agreement (Consumer Portfolio Services, Inc.), Receivables Purchase Agreement (Consumer Portfolio Services, Inc.)

Fraudulent Conveyance. The Seller is not selling the Receivables to the Purchaser Trust with any intent to hinder, delay or defraud any of its creditors; the Seller will not be rendered insolvent as a result of the sale of the Receivables to the PurchaserTrust.

Appears in 19 contracts

Sources: Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc), Sale and Servicing Agreement (Consumer Portfolio Services Inc)

Fraudulent Conveyance. The Seller is not selling the Receivables sold by it to the Purchaser with any intent to hinder, delay or defraud any of its creditors; the Seller will not be rendered insolvent as a result of the such sale of the Receivables to the Purchaser.

Appears in 2 contracts

Sources: Purchase Agreement (Bay View Transaction Corp), Purchase Agreement (Bay View Deposit CORP)

Fraudulent Conveyance. The Seller is not selling the Receivables and the Other Conveyed Property to the Purchaser with any intent to hinder, delay or defraud any of its creditors; the Seller will not be rendered insolvent as a result of the sale of the Receivables and the Other Conveyed Property to the Purchaser.. Annex-30

Appears in 1 contract

Sources: Sale and Servicing Agreement (Silverleaf Resorts Inc)

Fraudulent Conveyance. The Seller is not selling the Receivables and the Other Conveyed Property to the Purchaser with any intent to hinder, delay or defraud any of its creditors; the Seller will not be rendered insolvent as a result of the sale of the Receivables and the Other Conveyed Property to the Purchaser.

Appears in 1 contract

Sources: Sale and Servicing Agreement (Silverleaf Resorts Inc)