Common use of Valid Business Purpose Clause in Contracts

Valid Business Purpose. The Seller has valid business reasons for selling the Transferred Assets to the Issuer rather than obtaining a loan with such assets as collateral;

Appears in 1 contract

Sources: Container Sale Agreement (Cronos Group)

Valid Business Purpose. The Seller has valid business reasons for selling the Transferred Assets to the Issuer Borrower rather than obtaining a loan with such assets as collateral;

Appears in 1 contract

Sources: Purchase Agreement (Cronos Group)

Valid Business Purpose. The Seller has valid business reasons for selling the Transferred Assets to the Issuer Borrower rather than obtaining a loan with such assets as collateral;

Appears in 1 contract

Sources: Purchase Agreement (Cronos Group)