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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 36 contracts

Sources: Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P2), Receivables Purchase Agreement (Carvana Auto Receivables Trust 2025-P1)

Related Clauses

  • Notice Given
  • Failure to Determine Values
  • To Whom Given
  • Delivery by Electronic Transmission or Otherwise
  • Failure to Make Payment

Parent Clauses

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