Common use of Creditor Approval Clause in Contracts

Creditor Approval. The Seller has obtained from its creditors (i) all approvals necessary to sell and assign the Receivables and (ii) releases of any security interests in the Receivables.

Appears in 13 contracts

Sources: Receivables Purchase Agreement (Cencora, Inc.), Receivables Purchase Agreement (Amerisourcebergen Corp), Receivables Purchase Agreement (Henry Schein Inc)

Creditor Approval. The Seller has obtained from its creditors ----------------- (i) all approvals necessary to sell and assign the Receivables and (ii) releases of any security interests in the Receivables.

Appears in 1 contract

Sources: Receivables Purchase Agreement (Amerisource Distribution Corp)

Creditor Approval. The Seller has obtained from its creditors and all other Persons that may have an interest in the Receivables (i) all approvals that are necessary to sell and assign the Receivables in the manner contemplated by this Agreement and (ii) releases of any security interests in the Receivables.

Appears in 1 contract

Sources: Delinquency Advance Purchase Agreement (Aames Financial Corp/De)