Common use of Books and Records; Intention of the Parties Clause in Contracts

Books and Records; Intention of the Parties. (a) The books and records for each Receivable have been clearly marked to reflect, as of the Closing Date, (i) the ownership of each Receivable by the Issuer and (ii) the pledge of the each Receivable by the Issuer to the Indenture Trustee for the benefit of the Noteholders pursuant to the Indenture.

Books and Records; Intention of the Parties. (a) The books Books and records for each Receivable have been clearly marked to reflectreflect the ownership of each Receivable, as of the Closing Date, (i) the ownership of each Receivable by the Issuer and (ii) the pledge Issuer, pledged, as of the each Receivable by the Issuer Closing Date, to the Indenture Trustee for the benefit of the Noteholders pursuant to the Indenture.