Common use of Disclosure of Transactions Clause in Contracts

Disclosure of Transactions. All financial statements of the Servicer, the Originators, Sprint Spectrum and any of its other Affiliates that are consolidated to include any Seller will disclose that (i) such Seller’s sole business consists of the purchase or acceptance through capital contributions of the Lease Devices, Lease Contracts, Receivables and Related Assets from its Related Originators and the subsequent retransfer of or granting of a security interest in such Receivables, Lease Contracts and Related Assets to certain purchasers party to this Agreement, (ii) such Seller is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of the Seller’s assets prior to any assets or value in the Seller becoming available to the Seller’s equity holders (including holders of Preferred Membership Interests) and (iii) the assets of the Seller are not available to pay creditors of the Servicer, any Originator or any Affiliate thereof (other than any other Seller);

Disclosure of Transactions. All financial statements of the Servicer, the Originators, Sprint Spectrum Spectrum, and any of its other Affiliates that are consolidated to include any Seller will disclose that (i) such Seller’s sole business consists of the purchase or acceptance through capital contributions of the Lease Devices, Lease Contracts, Receivables Receivables, and Related Assets from its Related Originators and the subsequent retransfer of or granting of a security interest in such Receivables, Lease Contracts Contracts, and Related Assets to certain purchasers party to this Agreement, (ii) such Seller is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of the Seller’s assets prior to any assets or value in the Seller becoming available to the Seller’s equity holders (including holders of Preferred Membership Interests) ), and (iii) the assets of the Seller are not available to pay creditors of the Servicer, any Originator Originator, or any Affiliate thereof (other than any other Seller);

Disclosure of Transactions. All financial statements of the Servicer, the Originators, Sprint Spectrum and any of its other their Affiliates that are consolidated to include any Seller Lessee will disclose that (i) such SellerLessee’s sole business consists of the purchase or acceptance through capital contributions of the Lease Devices, Lease Contracts, Receivables wireless mobile devices and Related Assets related customer leases from its Related Originators and Originator, the subsequent retransfer to the Buyer of or granting of a security interest to Mobile Leasing Solutions for the benefit of Series 2 in such Receivablesdevices and certain rights and obligations under the related customer leases, Lease Contracts the subsequent lease back of such devices from the Buyer, and performing its obligations under (x) the Related Assets Customer Leases and the other Transaction Documents to certain purchasers which it is a party and (y) any other customer lease subject to this Agreementa Lessee Permitted Additional Tranche to which it is a party and Lessee Permitted Additional Tranche Transaction Document to which it is a party, (ii) such Seller Lessee is a separate legal entity with its own separate creditors who will be entitled, upon its liquidation, to be satisfied out of the SellerLessee’s assets prior to any assets or value in the Seller Lessee becoming available to the SellerLessee’s equity holders (including holders of Preferred Membership Interests) and (iii) the assets of the Seller Lessee are not available to pay creditors of the Servicer, any Originator or any Affiliate thereof (other than any other SellerLessee);