Common use of No Fraudulent Conveyance Clause in Contracts

No Fraudulent Conveyance. The transactions contemplated by this Agreement are being consummated by the Seller in furtherance of the Seller's ordinary business, with no contemplation of insolvency and with no intent to hinder, delay or defraud any of its present or future creditors. By its receipt of the Purchase Price hereunder, the Seller shall have received reasonably equivalent value for the Historical Advances sold or otherwise conveyed to the Buyer under this Agreement.

Appears in 4 contracts

Samples: Historical Advance Purchase Agreement (Aames Financial Corp/De), Historical Advance Purchase Agreement (Aames Financial Corp/De), Historical Advance Purchase Agreement (Aames Financial Corp/De)

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No Fraudulent Conveyance. The transactions contemplated by this Agreement and by each of the Facility Documents are being consummated by the Seller in furtherance of the Seller's ordinary business, with no contemplation of insolvency and with no intent to hinder, delay or defraud any of its present or future creditors. By its receipt of the Purchase Price hereunderPrices hereunder and its ownership of the capital stock of the Purchaser, the Seller shall have received reasonably equivalent value for the Historical Advances Acquired Assets sold or otherwise conveyed to the Buyer Purchaser under this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Ag Services of America Inc)

No Fraudulent Conveyance. The transactions contemplated by this Agreement and by each of the Transaction Documents are being consummated by the Seller in furtherance of the Seller's ordinary business, with no contemplation of insolvency and with no intent to hinder, delay or defraud any of its present or future creditors. By its receipt of the Purchase Price hereunder, purchase price hereunder the Seller shall have received reasonably equivalent value for the Historical Advances Contract Assets sold or otherwise conveyed to the Buyer Trust Depositor under this Agreement.

Appears in 1 contract

Samples: Transfer and Sale Agreement (Fidelity Leasing Inc)

No Fraudulent Conveyance. The transactions contemplated by this Agreement are being consummated by the Seller in furtherance of the Seller's ordinary business, with no contemplation of insolvency and with no intent to hinder, delay or defraud any of its present or future creditors. By its receipt of the Purchase Price hereunder, the Seller shall have received reasonably equivalent value for the Historical Advances Purchased Assets sold or otherwise conveyed to the Buyer under this Agreement.

Appears in 1 contract

Samples: Advance Purchase Agreement (Aames Financial Corp/De)

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No Fraudulent Conveyance. The transactions contemplated by this Agreement and by each of the Facility Documents are being consummated by the Seller in furtherance of the Seller's ordinary business, with no contemplation of insolvency and with no intent to hinder, delay or defraud any of its present or future creditors. By its receipt of the Purchase Price hereunderPrices hereunder and its ownership of the capital stock of the Buyer, the Seller shall have received reasonably equivalent value for the Historical Advances Transferred Assets sold or otherwise conveyed to the Buyer under this Agreement.

Appears in 1 contract

Samples: Purchase and Contribution Agreement (HPSC Inc)

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