Ownership of Receivables. Seller is the sole owner of the Receivables and none of the Receivables has been previously assigned or encumbered in any manner. Seller has full power and authority to sell each of the Receivables and has duly authorized their sale to AEG pursuant to this Agreement.
Appears in 6 contracts
Samples: Master Purchase & Sale Agreement (American Equities Income Fund Ii Inc), Master Purchase & Sale Agreement (American Equities Income Fund Ii Inc), Master Purchase & Sale Agreement (American Equities Income Fund Inc)