Payments to Originator. With respect to each Receivable transferred to Buyer hereunder, the Purchase Price to be paid to Originator by Buyer constitutes approximately the fair market value in consideration therefor and the terms of this Agreement are consistent with the terms that would be obtained in an arm’s length sale, and such transfer was not made for or on account of an antecedent debt.
Appears in 2 contracts
Samples: Receivables Sale Agreement (Johnsondiversey Holdings Inc), Receivables Sale Agreement (Johnsondiversey Inc)