Ownership of Transferred Receivables. On and after each Transfer Date and after giving effect to the Transfers to be made on each such date, Buyer shall own the Transferred Receivables and no Originator shall take any action inconsistent with such ownership nor shall any Originator claim any ownership interest in such Transferred Receivables.
Ownership of Transferred Receivables. Master Servicer shall identify the Transferred Receivables clearly and unambiguously in its Servicing Records to reflect that the Transferred Receivables are owned by Owner.
Ownership of Transferred Receivables. The Servicer shall ------------------------------------ identify the Transferred Receivables clearly and unambiguously in its Servicing Records to reflect that such Transferred Receivables have been sold or contributed to the Seller and, following the Purchase thereof under this Agreement, are owned by the Purchaser.
Ownership of Transferred Receivables. On and after each Transfer Date and after giving effect to the Sales to be made on each such date, Buyer shall own the Transferred Receivables and no Seller shall take any action inconsistent with such ownership nor shall any Seller claim any ownership interest in such Transferred Receivables. It is understood that the Sellers, the Parent and the Buyer may be consolidated for accounting purposes, as required by GAAP.
Ownership of Transferred Receivables. The Servicer shall identify ------------------------------------ the Transferred Receivables clearly and unambiguously in its Servicing Records to reflect that a Lien on such Transferred Receivables has been granted to the Administrative Agent for the benefit of the Lenders.
Ownership of Transferred Receivables. The Servicer shall identify the Transferred Receivables clearly and unambiguously in its Servicing Records to reflect that such Transferred Receivables have been sold or contributed to the Seller and that interests therein have been transferred to the Purchasers by marking each Servicing Record with the following legend: "The accounts receivable and other obligations set forth herein, together with certain related property interests, have been sold to Avondale Funding, LLC, and interests therein have been further transferred to certain purchasers for whom General Electric Capital Corporation acts as agent." The Servicer shall maintain its books and records so as to clearly distinguish Excluded Receivables from Transferred Receivables.
Ownership of Transferred Receivables. Each Transfer of Receivables hereunder is a true sale by the applicable Originator to the Buyer that is absolute and irrevocable and provides the Buyer with full benefits of ownership of such Receivables. On and after each Transfer Date and after giving effect to the Transfers to be made on each such date, the Buyer shall own the Transferred Receivables and no Originator shall take any action inconsistent with such ownership nor shall any Originator claim any ownership interest in such Transferred Receivables.
Ownership of Transferred Receivables. Issuer owns and has good and marketable title to the Transferred Receivables and Related Security with respect thereto free and clear of any Adverse Claim.
Ownership of Transferred Receivables. On and after each Transfer ------------------------------------ Date and after giving effect to the Transfers to be made on each such date, GFC shall own the Transferred Receivables and the CGS Originator shall not take any action inconsistent with such ownership nor shall the CGS Originator claim any ownership interest in such Transferred Receivables.
Ownership of Transferred Receivables. On and after each Transfer Date and after giving effect to the Transfers to be made on each such date, CRLLC shall own the Transferred Receivables and no Originator shall take any action inconsistent with such ownership nor shall any Originator claim any ownership interest in such Transferred Receivables.
