Common use of Preference Clause in Contracts

Preference. Any payment by Seller to Purchaser is held to constitute a preference under bankruptcy laws, or for any reason Purchaser is required to refund such payment or pay such amount to Seller or someone else.

Appears in 18 contracts

Sources: Guaranty (Fortress Credit Realty Income Trust), Guaranty (Franklin BSP Real Estate Debt, Inc.), Guaranty (Fortress Credit Realty Income Trust)

Preference. Any payment by Seller to Purchaser Buyer is held to constitute a preference under bankruptcy laws, or for any reason Purchaser Buyer is required to refund such payment or pay such amount to Seller or someone else.

Appears in 17 contracts

Sources: Guaranty (BrightSpire Capital, Inc.), Guaranty (Principal Credit Real Estate Income Trust), Guaranty (FS Credit Real Estate Income Trust, Inc.)

Preference. Any payment by any Seller to Purchaser is held to constitute a preference under bankruptcy laws, or for any reason Purchaser is required to refund such payment or pay such amount to any Seller or someone else.

Appears in 5 contracts

Sources: Guaranty (Blackstone Private Real Estate Credit & Income Fund), Guaranty (Blackstone Mortgage Trust, Inc.), Guaranty (Blackstone Mortgage Trust, Inc.)

Preference. Any payment by any Seller to Purchaser is held to constitute a preference under bankruptcy laws, or for any reason Purchaser is required to refund such payment or pay such amount to such Seller or someone else.

Appears in 3 contracts

Sources: Guaranty (Starwood Credit Real Estate Income Trust), Guaranty, Guaranty (Benefit Street Partners Realty Trust, Inc.)

Preference. Any payment by Buyer to Seller to Purchaser is held to constitute a preference under the Bankruptcy Code or other applicable bankruptcy laws, laws or for any reason Purchaser Seller is required to refund such payment or pay such amount to Seller Buyer or someone elseto any other Person.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Cottonwood Multifamily Opportunity Fund, Inc.)

Preference. Any payment by Seller Borrower to a Purchaser is held to constitute a preference under bankruptcy laws, or for any reason a Purchaser is required to refund such payment or pay such amount to Seller Borrower or someone else.

Appears in 1 contract

Sources: Absolute Guaranty of Payment and Performance (H-Cyte, Inc.)