Castle Credit Corp Clause Samples
The 'Castle Credit Corp' clause typically identifies Castle Credit Corp as a party to the agreement, outlining its rights, responsibilities, or role within the contract. This clause may specify the obligations Castle Credit Corp has, such as providing financing, servicing loans, or managing credit arrangements related to the transaction. By clearly defining Castle Credit Corp's involvement, the clause ensures all parties understand the scope of its authority and the nature of its participation, thereby reducing ambiguity and potential disputes regarding its role.
Castle Credit Corp supra n. 9. The Major's court indicated, however, that it was not the existence of recourse but rather the nature and extent of such recourse that was determinative. There are a few cases where a court has found the presence of full recourse not to disqualify the transaction from being a true sale. See supra n. 10.
Castle Credit Corp. ▇▇▇ ▇.▇▇ ▇▇▇, ▇▇▇, 544-46 (3d Cir. 1979); ▇▇▇▇▇▇▇▇
Castle Credit Corp. [, 602 F.2d 538 (3d Cir. 1979)]; In re ▇▇▇▇▇, 5 U.C.C. Rep. Serv. 261 (Bankr. D. Or. 1968). [2] A security interest is also indicated when the assignee acknowledges that his rights in the assigned property would be extinguished if the debt owed were to be paid through some other source. [▇▇▇▇▇ v. City Trust Co.] (In re ▇▇▇▇▇▇ ▇▇▇▇▇▇ Hat Co., Inc.), 482 F.2d at 940. [3] Likewise, a security interest is indicated if the assignee must account to the assignor for any surplus received from the assignment over the amount of the debt. Gold Coast Leasing Co. v.