Common use of Value Given Clause in Contracts

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

Appears in 40 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P4), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P3)

Value Given. The Purchaser shall have given reasonably equivalent value to the Seller in consideration for the transfer by the Seller to the Purchaser of each of the [Carvana] Receivables and the related First Step [Carvana] Transferred Property under this Agreement.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Carvana Receivables Depositor LLC)