Payments to Sellers. The Servicer shall withdraw from the Collection Account and pay to the Sellers on the dates set forth below the following amounts:
Payments to Sellers. With respect to each Receivable sold or contributed to the Buyer by such Seller under this Agreement, the Buyer has given reasonably equivalent value to such Seller in consideration for such Receivable and the Related Security with respect thereto and no such transfer is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. ss.ss.101 et seq.), as amended.
Payments to Sellers. Except as otherwise expressly provided in this Agreement, subject to the Sellers’ Representative’s right to retain amounts to pay expenses incurred in connection with fulfillment of its duties hereunder, all amounts received by the Sellers’ Representative pursuant to this Agreement, and any other amounts to be released or paid to the Sellers hereunder, shall be promptly distributed to the Sellers in accordance with and as required by their Pro-rata Interest and the respective priorities, preferences and rights set forth on Schedule 1 hereto.
Payments to Sellers. All amounts payable to Sellers under this Agreement, including the Exxxxxx Money and the Purchase Price, shall be paid at the Closing to Sellers in accordance with their joint written instructions.
Payments to Sellers. On or before the fifteenth day after the end of each full calendar month during the Collection Period, Buyer shall furnish to Sellers (i) a list of the amounts collected before the end of such month with respect to Sellers' Receivables, and (ii) the amount collected during such month with respect to Sellers' Receivables. On or before the fifteenth day after the end of the Collection Period, Buyer shall furnish Sellers with a list of all of Sellers' Receivables which remain uncollected at the end of the Collection Period.
Payments to Sellers. 13 (u) INVESTMENT COMPANY ACT; PUBLIC UTILITY HOLDING COMPANY ACT; OTHER RESTRICTIONS.........................13 (v) SOLVENCY...............................................................................................13 (w) ERISA..................................................................................................13 (x) BULK SALES ACT.........................................................................................14 (y) RELIANCE ON SEPARATE LEGAL IDENTITY....................................................................14
Payments to Sellers. Upon the terms and subject to the conditions of this Agreement, at the Closing, the following shall occur:
Payments to Sellers. With respect to each Private Receivable and each Participation Interest sold or contributed to the Buyer by such Seller under this Agreement, the Buyer has given reasonably equivalent value to such Seller in consideration for such Private Receivable, Participation Interest and the Related Assets with respect thereto and no such transfer is or may be voidable under any section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§101 et seq.), as amended.
Payments to Sellers. With respect to each Asset transferred to the Borrowers under the Sale and Servicing Agreement, each Borrower has given reasonably equivalent value to the applicable Seller in consideration for such transfer of such Asset and the Other Conveyed Property with respect thereto and such transfer was not made for or on account of an antecedent debt. With respect to each Asset transferred to a Seller under a Purchase and Sale Agreement, such Seller has given reasonably equivalent value to the applicable seller thereunder in consideration for such transfer of such Asset and the Other Conveyed Property with respect thereto and such transfer was not made for or on account of an antecedent debt.
Payments to Sellers. Except as set forth on Schedule 3.1(o) or as contemplated by Section 4.4 or other provisions of this Agreement or any Related Agreement, neither the execution and delivery of this Agreement nor any other Related Agreement to which a Seller is a party, nor the consummation of the Stock Purchase Agreement Transactions will (either alone, or upon the occurrence of any act or event, or with or without notice, the lapse of time, or both) result in any payment arising or becoming due from the Company or any Company Subsidiary to Sellers or any other Affiliate of Sellers.
