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 or treat (whether in financial statements or otherwise) the transactions contemplated hereby in any manner other than the sale or other conveyance of the Receivables, Related Security and Sold Assets by such Originator to the Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale or other conveyance of the Receivables and the Related Security by such Originator to the Buyer except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principles.

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 or other conveyance of the Receivables, the Collections thereof and the Related Security and Sold Assets by such Originator to the Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale or other conveyance of the Receivables Receivables, the Collections thereof and the Related Security by such Originator to the Buyer except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principles.

Accounting for Purchase. Such The Originator will not, and will not permit any Affiliate to, financially account for or treat (whether in financial statements or otherwise) for the transactions contemplated hereby in any manner other than the sale or other conveyance outright capital contribution by the Originator to Buyer of the Receivables, Transferred Assets originated by the Originator and the associated Related Security and Sold Assets by such Originator to the Buyer or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale or other conveyance contribution of the Receivables such Transferred Assets and the Related Security by such the Originator to the Buyer except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principles.

Accounting for Purchase. Such Originator will not, and will ----------------------- not permit any Affiliate to, financially account for or treat (whether in financial statements or otherwise) for the transactions contemplated hereby in any manner other than the sale or other outright conveyance of the Receivables, Related Security and Sold Assets by such Originator to Buyer of the Buyer Receivables originated by such Originator and the associated Related Security or in any other respect account for or treat the transactions contemplated hereby in any manner other than as a sale or other conveyance of the such Receivables and the Related Security by such Originator to the Buyer except to the extent that such transactions are not recognized on account of consolidated financial reporting in accordance with generally accepted accounting principles.