Common use of Ownership of Receivables; Liens Clause in Contracts

Ownership of Receivables; Liens. Such Seller owns each Receivable originated or acquired by it free and clear of any Adverse Claim and, from and after each Transfer Date, Buyer will acquire valid and properly perfected title to and the sole record and beneficial ownership interest in each Transferred Receivable purchased or otherwise acquired on such date, free and clear of any Adverse Claim or restrictions on transferability. Such Seller has received all assignments, bills of sale and other documents, and has duly effected all recordings, filings and other actions necessary to establish, protect and perfect such Seller’s right, title and interest in and to the Receivables originated or acquired by it. Such Seller has rights in and full power to transfer its Receivables hereunder. No effective financing statements or other similar instruments are of record in any filing office listing such Seller as debtor and purporting to cover the Transferred Receivables except with respect to the Liens granted to Buyer hereunder.

Ownership of Receivables; Liens. Such Seller Each Originator owns each Receivable originated or acquired by it free and clear of any Adverse Claim and, from and after each Transfer Date, Buyer will acquire valid and properly perfected title to and the sole record and beneficial ownership interest in each Transferred Receivable purchased or otherwise acquired on such date, free and clear of any Adverse Claim or restrictions on transferability. Such Seller Each Originator has received all assignments, bills of sale and other documents, and has duly effected all recordings, filings and other actions necessary to establish, protect and perfect such SellerOriginator’s right, title and interest in and to the Receivables originated or acquired by itit and its other properties and assets. Such Seller Each Originator has rights in and full power to transfer its Receivables hereunder. No effective financing statements or other similar instruments are of record in any filing office listing such Seller any Originator as debtor and purporting to cover the Transferred Receivables except (i) with respect to the Liens granted to Buyer hereunderhereunder or (ii) that names “Credit Suisse, as Administrative Agent” as secured party.

Ownership of Receivables; Liens. Such Seller Each Originator owns each Receivable originated or acquired by it free and clear of any Adverse Claim and, from and after each Transfer Date, Buyer will acquire valid and properly perfected title to and the sole record and beneficial ownership interest in each Transferred Receivable purchased or otherwise acquired on such date, free and clear of any Adverse Claim or restrictions on transferability. Such Seller Each Originator has received all assignments, bills of sale and other documents, and has duly effected all recordings, filings and other actions necessary to establish, protect and perfect such SellerOriginator’s right, title and interest in and to the Receivables originated or acquired by itit and its other properties and assets. Such Seller Each Originator has rights in and full power to transfer its Receivables hereunder. No effective financing statements or other similar instruments are of record in any filing office listing such Seller any Originator as debtor and purporting to cover the Transferred Receivables except (i) with respect to the Liens granted to Buyer hereunderhereunder or (ii) filed pursuant to the Credit Agreement that names “Credit Suisse AG, as Administrative Agent” as secured party.

Ownership of Receivables; Liens. Such Seller owns each Receivable originated or acquired by it free and clear of any Adverse Claim and, from From and after each Transfer Date, Buyer will acquire valid and properly perfected title to and the sole record and beneficial ownership interest in each Transferred Receivable purchased or otherwise acquired on such date, free and clear of any Adverse Claim (other than any Adverse Claim that is released automatically upon the transfer of such Transferred Receivable to the Buyer) or restrictions on transferability. Such Seller Each Originator has received all assignments, bills of sale and other documents, and has duly effected all recordings, filings and other actions necessary to establish, protect and perfect such SellerOriginator’s right, title and interest in and to the Receivables originated or acquired by itit and its other properties and assets. Such Seller Each Originator has rights in and full power to transfer its Receivables hereunder. No effective financing statements or other similar instruments are of record in any filing office listing such Seller any Originator as debtor and purporting to cover the Transferred Receivables except with respect to the Liens granted to Buyer hereunder.

Ownership of Receivables; Liens. Such Seller owns Immediately prior to its transfer hereunder, each Originator owned each Receivable originated or acquired by it free and clear of any Adverse Claim and, from and after each Transfer Datepursuant to such transfer, Buyer will acquire valid and properly perfected title to and the sole record and beneficial ownership interest in each Transferred Receivable purchased or otherwise acquired on such dateReceivable, free and clear of any Adverse Claim or restrictions on transferability. Such Seller Each Originator has received all assignments, bills of sale and other documents, and has duly effected all recordings, filings and other actions necessary to establish, protect and perfect such SellerOriginator’s right, title and interest in and to the Receivables originated or acquired by itit and its other properties and assets. Such Seller Each Originator has rights in and full power to transfer its Receivables hereunder. No effective financing statements or other similar instruments are of record in any filing office listing such Seller any Originator as debtor and purporting to cover the Transferred Receivables except those terminated on the Closing Date and financing statements filed in accordance with respect to the Liens granted to Buyer hereunderRelated Documents.