Common use of Fair Consideration Clause in Contracts

Fair Consideration. The consideration received by the Originator, in exchange for the contribution and transfer of the Leases and Equipment pursuant to this Agreement, is fair consideration having value equivalent to or in excess of the value of the assets being contributed by the Originator.

Appears in 9 contracts

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables Funding LLC)

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Fair Consideration. The consideration received by the Originator, in exchange for the contribution and transfer of the Leases and Equipment pursuant to this Agreement, Originator as set forth herein is fair consideration having value reasonably equivalent to or in excess of the value of the assets being contributed related Conveyed Assets conveyed by it and the performance of the Originator's obligations hereunder.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Prudential Securities Secured Financing Corp), Receivables Sale Agreement (Painewebber Asset Acceptance Corp)

Fair Consideration. The consideration received by the Originator, in exchange for the contribution Leases (including the right to receive all payments due or to become due thereunder) and the transfer of its interests in the Leases and Equipment pursuant to this AgreementEquipment, is fair consideration having value equivalent to or in excess of the value of the assets being contributed transferred by the Originator.

Appears in 1 contract

Samples: Sales and Servicing Agreement (Copelco Capital Funding Corp Xi)

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Fair Consideration. The consideration received by the Originator, in exchange for the contribution and transfer of the Leases (including the right to receive all payments due or to become due thereunder) and Equipment pursuant to this Agreementthe contribution of its interests in the Equipment, is fair consideration having value equivalent to or in excess of the value of the assets being contributed by the Originator.

Appears in 1 contract

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC)

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