Common use of Preference; Voidability Clause in Contracts

Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, 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 (the “Bankruptcy Code”).

Appears in 2 contracts

Samples: Receivables Transfer Agreement (Trimas Corp), Receivables Transfer Agreement (Trimas Corp)

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Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the such Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§101 U.S.C.ss.ss.101 et seq.), as amended (the "Bankruptcy Code").

Appears in 2 contracts

Samples: Receivables Transfer Agreement (Collins & Aikman Corp), Receivables Transfer Agreement (Collins & Aikman Corp)

Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the SellerXxxxxx, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§101 U.S.C.ss.ss.101 et seqseg.), as amended (the "Bankruptcy Code").

Appears in 1 contract

Samples: Receivables Transfer Agreement (Mascotech Inc)

Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Designated Seller in consideration for the transfer to the Transferor of the applicable Receivables and Related Security, Collections and Proceeds with respect thereto Related Security from the such Designated Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the such Designated Seller to the Transferor, Transferor and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§Section 101 et seq.), as amended (the “Bankruptcy Code”)amended.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Proffitts Inc)

Preference; Voidability. The Transferor shall have given reasonably equivalent value to each the Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto Security from the Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, Transferor 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 (amended. Any document, instrument, certificate or notice delivered by the “Bankruptcy Code”)Transferor to the Company hereunder shall be deemed a representation and warranty by the Transferor.

Appears in 1 contract

Samples: Transfer and Administration Agreement (Imc Global Inc)

Preference; Voidability. The Transferor Borrower shall have given reasonably equivalent value to each the Seller in consideration for the transfer to the Transferor Borrower of the Receivables and Related Security, Collections and Proceeds with respect thereto Security from the Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, Borrower and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§101 ss.sx. 001 et seq.), as amended (the “Bankruptcy Code”)amended.

Appears in 1 contract

Samples: Loan and Security Agreement (Unicapital Corp)

Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§101 U.S.C.ss.ss.101 et seq.), as amended (the "Bankruptcy Code").

Appears in 1 contract

Samples: Receivables Transfer Agreement (Trimas Corp)

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Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, 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 (the “Bankruptcy Code”).

Appears in 1 contract

Samples: Receivables Transfer Agreement (Tyson Foods Inc)

Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the such Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the any Seller to the Transferor, and no such transfer is or may be voidable under any Section of the Bankruptcy Reform Act of 1978 (11 U.S.C. §§xx.xx. 101 et seq.), as amended (the "Bankruptcy Code").

Appears in 1 contract

Samples: Receivables Transfer Agreement (Metaldyne Corp)

Preference; Voidability. The Transferor shall have given reasonably equivalent value to each Seller in consideration for the transfer to the Transferor of the Receivables and Related Security, Collections and Proceeds with respect thereto from the Seller, and each such transfer shall not have been made for or on account of an antecedent debt owed by the Seller to the Transferor, 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 (the "Bankruptcy Code").

Appears in 1 contract

Samples: Receivables Transfer Agreement (Tyson Foods Inc)

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