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 31 contracts

Samples: Receivables Transfer Agreement (Carvana Auto Receivables Trust 2021-N3), Receivables Transfer Agreement (Carvana Auto Receivables Trust 2021-P4), Receivables Transfer Agreement (Carvana Receivables Depositor LLC)

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