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Common use of Value Given Clause in Contracts

Value Given. The Issuing Entity shall have given reasonably equivalent value to the Depositor in consideration for the transfer by the Depositor to the Issuing Entity of each of the Receivables and the related Second Step Transferred Property under this Agreement.

Appears in 53 contracts

Sources: Receivables Transfer Agreement (Carvana Receivables Depositor LLC), Receivables Transfer Agreement (Carvana Receivables Depositor LLC), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2026-P3)

Parent Clauses

  • Representations and Warranties
  • Representations and Warranties of the Borrower
  • Representations Warranties and Covenants
  • Representations and Warranties of the Seller
  • Miscellaneous

Sub-Clauses

  • Due Organization
  • Due Qualification and Good Standing
  • Due Authorization; Execution and Delivery; Legal, ▇▇▇▇▇ and Binding; Enforceability
  • Due Authorization; Execution and Delivery; Legal, Valid and Binding; Enforceability
  • Non-Contravention
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