Common use of Ownership of Buyer Clause in Contracts

Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding capital stock of Buyer, free and clear of any Adverse Claim. Such capital stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of Buyer.

Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding capital stock of Buyer, free and clear of any Adverse Claim, except Permitted Adverse Claims. Such capital stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of Buyer.

Ownership of Buyer. Originator owns, directly or indirectly, 100% of the issued and outstanding capital stock membership interests of Buyer, free and clear of any Adverse Claim. Such capital stock is validly issued, fully paid and nonassessable, and there are no options, warrants or other rights to acquire securities of Buyer.

Ownership of Buyer. Originator owns, directly or ------------------ indirectly, 100% of the issued and outstanding capital stock of Buyer, free and clear of any Adverse Claim. Such capital stock is validly issuedissued and nonassessable and, upon the initial Purchase of Receivables hereunder, will be fully paid and nonassessablepaid, and there are no options, warrants or other rights to acquire securities of Buyer.