Common use of Accounting for Purchase Clause in Contracts

Accounting for Purchase. Such Originator will not, and will not permit any Affiliate to, account for the transactions contemplated hereby in any manner other than as a sale by such Originator to Buyer of Receivables originated by such Originator and the associated Collections and Related Security.

Appears in 6 contracts

Samples: Receivables Sale Agreement (RPM International Inc/De/), Receivables Sale Agreement (Ralcorp Holdings Inc /Mo), Receivables Sale Agreement (SCP Pool Corp)

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Accounting for Purchase. Such The Originator will not, and will not permit any Affiliate to, account for the transactions contemplated hereby in any manner other than as a sale by such the Originator to Buyer of Receivables originated by such the Originator and the associated Collections and Related Security.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Convergys Corp), Receivables Sale Agreement (Convergys Corp), Receivables Sale Agreement (Convergys Corp)

Accounting for Purchase. Such Originator will not, and will not permit any Affiliate to, account for the transactions contemplated hereby in any manner other than as a sale sales by such Originator to Buyer of Receivables originated by such Originator and the associated Collections and Related Security.

Appears in 1 contract

Samples: Receivables Sale Agreement (Meredith Corp)

Accounting for Purchase. Such Originator will not, and will not permit any Affiliate to, account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale of the Contracts of such Originator and the Related Security by such Originator to Purchaser or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale of the Contracts of such Originator and the Related Security by such Originator to Buyer Purchaser except to the extent that such transactions are not recognized on account of Receivables originated by such Originator and the associated Collections and Related Securityconsolidated financial reporting in accordance with GAAP.

Appears in 1 contract

Samples: Receivables Sale Agreement (Patterson Companies, Inc.)

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Accounting for Purchase. Such Originator will not, and will not permit any Affiliate to, account for the transactions contemplated hereby in any financial statements in any manner other than as a the sale (or other outright conveyance) by such Originator to Buyer the applicable Transferee of the Receivables originated by Originated By such Originator and the associated Collections and Related SecuritySecurity except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principles.

Appears in 1 contract

Samples: Receivables Sale Agreement (Lafarge Corp)

Accounting for Purchase. Such Originator will not, and will not permit any Affiliate to, account for or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale of the Receivables and the Related Security by such Originator to Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale of the Receivables and the Related Security by such Originator to Buyer of Receivables originated by such Originator and the associated Collections and Related SecurityBuyer. x. 2.

Appears in 1 contract

Samples: Receivables Sale Agreement (Kinder Morgan Inc)

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