Common use of Contribution of Leases; Grant of Security Interest Clause in Contracts

Contribution of Leases; Grant of Security Interest. It is the intention of the parties hereto that each transfer of Leases, Additional Leases, Substitute Leases and Equipment by the Originator to the Seller pursuant to Sections 1.01(a) and 1.02(a), and each transfer of Leases, Additional Leases and Substitute Leases by the Seller to the Issuer pursuant to Section 1.01(b), shall constitute an absolute assignment thereof by way of capital contribution and not a loan. Neither the Originator nor the Seller shall take any action inconsistent with the treatment of such transfers as absolute assignments by way of capital