Common use of Payments to Originator Clause in Contracts

Payments to Originator. The Seller shall have given reasonably ---------------------- equivalent value to the Originator in consideration for each transfer to the Seller of Receivables and Related Security under the Transfer Agreement and each such transfer shall not have been made for or on account of an antecedent debt owed by the Originator to the Seller and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. (S)(S) 101 et -- seq.), as amended. ----

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Bon Ton Stores Inc), Receivables Purchase Agreement (Bon Ton Stores Inc)

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Payments to Originator. The With respect to each Receivable transferred to the Seller, the Seller shall have has given reasonably ---------------------- equivalent value to the Originator in consideration for each such transfer to of such Receivable and the Seller of Receivables and Related Security with respect thereto under the Transfer Sale Agreement and each such transfer shall was not have been made for or on account of an antecedent debt owed debt. No transfer by the Originator to the Seller and no such transfer of any Receivable is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. (S)(S) 101 ss.sx. 001 et -- seq.), as amended. ----.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Yellow Corp)

Payments to Originator. The Seller shall have given reasonably ---------------------- equivalent value to the Originator in consideration for each transfer to the Seller of Receivables and Related Security under the Transfer Agreement and each such transfer shall not have been made for or on account of an antecedent debt owed by the Originator to the Seller and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. (S)(S) §§ 101 et -- seq.), as amended. ----.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Bon Ton Stores Inc)

Payments to Originator. The Seller shall have given reasonably ---------------------- equivalent value to the Originator in consideration for each transfer to the Seller of Receivables and Related Security under the Transfer Agreement and each such transfer shall not have been made for or on account of an antecedent debt owed by the Originator to the Seller and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. (S)(S) Sections 101 et -- seq.), as amended. ----.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Bon Ton Stores Inc)

Payments to Originator. The With respect to each Receivable ---------------------- transferred to the Seller, the Seller shall have has given reasonably ---------------------- equivalent value to the applicable Originator in consideration for each such transfer to of such Receivable and the Seller of Receivables and Related Security with respect thereto under the Transfer Sale Agreement and each such transfer shall was not have been made for or on account of an antecedent debt owed debt. No transfer or contribution by the any Originator to the Seller and no such transfer of any Receivable is or may be voidable under any Section of the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. (S)(S) 101 et -- seq.), as amended. ----.

Appears in 1 contract

Samples: Interest Purchase Agreement (Federal Mogul Corp)

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Payments to Originator. The With respect to each Receivable sold to the Seller shall have by the Originator, the Seller has given reasonably ---------------------- equivalent value to the Originator in consideration for each transfer to such Receivable and the Seller of Receivables and Related Security with respect thereto under the Transfer Sale Agreement and each such transfer shall was not have been made for or on account of an antecedent debt owed debt. No transfer by the Originator to the Seller and no such transfer of any Receivable is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. (S)(S) Section Section 101 et -- seq.), as amended. ----.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Printpack Inc)

Payments to Originator. The With respect to each Receivable sold to ---------------------- the Seller shall have by the Originator, the Seller has given reasonably ---------------------- equivalent value to the Originator in consideration for each transfer to such Receivable and the Seller of Receivables and Related Security with respect thereto under the Transfer Sale Agreement and each such transfer shall was not have been made for or on account of an antecedent debt owed debt. No transfer by the Originator to the Seller and no such transfer of any Receivable is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. (S)(S) 101 et -- seq.), as amended. ----.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Kohls Corporation)

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