Common use of Ownership and Possession of Receivable Files Clause in Contracts

Ownership and Possession of Receivable Files. The ownership of the contents of the Receivable Files shall be vested in the Issuer and pledged to the Indenture Trustee for the benefit of the Noteholders pursuant to the Indenture, as of the Closing Date, although possession of the Receivable Files on behalf of and for the benefit of the Noteholders shall remain with the Custodian.

Ownership and Possession of Receivable Files. The ownership of the contents of the Receivable Files with respect to each Receivable shall be vested in the Issuer and pledged to the Indenture Trustee for the benefit of the Noteholders pursuant to the Indenture, as of the Closing Date, although possession of the Receivable Files on behalf of and for the benefit of the Noteholders shall remain with the Custodian.