Obligation to Record and Report. The Seller will treat the purchase of Contracts and related Receivables as a sale or secured financing for tax and financial accounting purposes (as required by GAAP) and as a sale for all other purposes (including, without limitation, legal and bankruptcy purposes), on all relevant books, records, tax returns, financial statements and other applicable documents.
Obligation to Record and Report. The Seller will treat the purchase of the Receivables Trust Certificate as a sale or secured financing for tax and financial accounting purposes (as required by GAAP) and as a sale for all other purposes (including, without limitation, legal and bankruptcy purposes), on all relevant books, records, tax returns, financial statements and other applicable documents.
Obligation to Record and Report. To the fullest extent permitted by GAAP and by applicable law, record each purchase of Purchased Assets hereunder as a sale on its books and records, reflect each such purchase in its financial statements as a sale and recognize gain or loss, as the case may be, on each such purchase.
Obligation to Record and Report. Such Seller shall, to the fullest extent permitted by GAAP and by applicable law, record each purchase of the Purchased Receivables as a sale on its books and records, reflect each purchase of Purchased Receivables in its financial statements and tax returns as a sale and recognize gain or loss, as the case may be, on each purchase of Purchased Receivables.
Obligation to Record and Report. The Bank shall record each Purchase as a sale on its books and records, reflect each Purchase in its financial statements, tax returns and other applicable documents as a sale and recognize gain or loss, as the case may be, on each Purchase.
Obligation to Record and Report. The Originator shall, to the fullest extent permitted by U.S. GAAP and by applicable law, record each Purchase as a sale on its books and records, reflect each Purchase in its financial statements and tax returns as a sale and recognize gain or loss, as the case may be, on each Purchase.
Obligation to Record and Report. USFS shall, to the fullest extent permitted by GAAP and by applicable law, record each purchase of the Purchased Receivables as a sale on its books and records, reflect each purchase of Purchased Receivables in its financial statements and tax returns as a sale and recognize gain or loss, as the case may be, on each purchase of Purchased Receivables, except to the extent that such purchases are not reportable for federal tax purposes due to the filing of tax forms of United Stationers Inc. on a consolidated federal basis with those of the Sellers, USFS and the Company.
Obligation to Record and Report. The Seller shall to the fullest extent permitted by generally accepted accounting principles and by applicable law, record each purchase hereunder as a sale on its books and records, reflect each purchase in its financial statements and tax returns as a sale and recognize gain or loss, as the case may be, on each purchase hereunder. (m) Continuing Compliance with the Uniform Commercial Code. The Seller shall, without limiting the requirements of Section 2.5(o), at its expense, preserve, continue, and maintain or cause to be preserved, continued, and maintained the Purchaser's valid and properly protected title to each Receivable sold hereunder free of any Lien other than Permitted Liens, including, without limitation, filing or recording UCC financing statements, or amendments or assignments thereof, or continuation statements in each relevant jurisdiction. (n)
Obligation to Record and Report. Such Originator shall record each Purchase as a sale on its books and records, reflect each Purchase in its financial statements, tax returns and other applicable documents as a sale and recognize gain or loss, as the case may be, on each Purchase.
Obligation to Record and Report. USFC shall, to the fullest extent permitted by GAAP and by applicable law, record each purchase of the Purchased Receivables as a sale on its books and records, reflect each purchase of Purchased Receivables in its financial statements and tax returns as a sale and recognize gain or loss, as the case may be, on each purchase of Purchased Receivables.
