Common use of Ownership of the Buyer Clause in Contracts

Ownership of the Buyer. The Originator owns one hundred percent ---------------------- (100%) of the issued and outstanding capital stock of the Buyer. Such capital stock is validly issued, fully paid and nonassessable and there are no options, warrants or other rights to acquire securities of the Buyer. The management of the Originator has determined that the organization of the Buyer and the limited purposes of the Buyer are in the best interests of the Originator.

Ownership of the Buyer. The Originator owns one hundred percent ---------------------- (100%) of the issued and outstanding capital stock of the Buyer. Such capital stock is validly issued, fully paid and nonassessable and there are no options, warrants or other rights to acquire securities of the Buyer. The management of the Originator has determined that the organization of the Buyer and the limited purposes of the Buyer are in the best interests of the Originator.

Ownership of the Buyer. The Originator directly owns one hundred percent ---------------------- (100%) of the issued and outstanding capital stock of the Buyer. Such capital stock is validly issued, fully paid Buyer and nonassessable and there are no has not granted or issued any options, warrants or other rights to acquire securities of the Buyer. The management of the Originator has determined that the organization of the Buyer and the limited purposes of the Buyer are in the best interests of the Originatorany such capital stock.

Ownership of the Buyer. The Originator owns one One hundred percent ---------------------- (100%) of the issued and outstanding capital stock of the BuyerBuyer is directly owned (both beneficially and of record) by the Originator. Such capital stock is validly issued, fully paid and nonassessable and there are no options, warrants or other rights to acquire securities of capital stock from the Buyer. The management of the Originator has determined that the organization of the Buyer and the limited purposes of the Buyer are in the best interests of the Originator.

Ownership of the Buyer. The Originator owns one hundred percent ---------------------- (100%) of the issued and outstanding capital stock of the Buyer. Such capital stock is validly issued, fully paid and nonassessable and there are no options, warrants or other rights to acquire securities of the Buyer other than the pledge to the Bank Agent of the Buyer's stock. The management of the Originator has determined that the organization of the Buyer and the limited purposes of the Buyer are in the best interests of the Originator.