Common use of Preference; Voidability Clause in Contracts

Preference; Voidability. With respect to each transfer of Receivables and Related Security (as defined in the Master Receivables Purchase Agreement) from AmeriCredit or AMTN, as the case may be, to the Debtor, the Debtor has given reasonably equivalent value to AmeriCredit or AMTN, as applicable, in consideration for such transfer of Receivables and such Related Security, and each such transfer has not been made for or on account of an antecedent debt owed by AmeriCredit or AMTN to the Debtor and no such transfer is or may be voidable under any Section of the Bankruptcy Code.

Preference; Voidability. With respect to each transfer of Receivables and Related Security (as defined in the Master Receivables Purchase Agreement) from AmeriCredit or AMTNAMC, as the case may be, to the Debtor, the Debtor has given reasonably equivalent value to AmeriCredit or AMTNAMC, as applicable, in consideration for such transfer of Receivables and such Related Security, and each such transfer has not been made for or on account of an antecedent debt owed by AmeriCredit or AMTN AMC to the Debtor and no such transfer is or may be voidable under any Section of the Bankruptcy Code.