Common use of Preference; Voidability Clause in Contracts

Preference; Voidability. The transfer of the Conveyed Property by CAC to Funding hereunder was not made for or on account of an antecedent debt owed by Funding to CAC, or by CAC to Funding, and such transfer is not voidable under any Section of the Bankruptcy Code.

Appears in 10 contracts

Samples: Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp), Sale and Contribution Agreement (Credit Acceptance Corp)

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Preference; Voidability. The transfer of the Conveyed Loans, Collections, Related Security and other Contributed Property by CAC to Funding hereunder was Funding, has not been made for or on account of an antecedent debt owed by Funding to CAC, or by CAC to Funding, and such transfer is not voidable under any Section of the Bankruptcy CodeReform Act of 1978 (11 U.S.C. Section Section 101 et seq.), as amended.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corporation)

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Preference; Voidability. The transfer of the Loans, Collections, Related Security and other Conveyed Property by CAC to Funding hereunder was Funding, has not been made for or on account of an antecedent debt owed by Funding to CAC, or by CAC to Funding, and such transfer is not voidable under any Section of the Bankruptcy CodeReform Act of 1978 (11 U.S.C. § § 101 et seq.), as amended.

Appears in 1 contract

Samples: Contribution Agreement (Credit Acceptance Corp)

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