Common use of Ownership; Security Interest Clause in Contracts

Ownership; Security Interest. The Transaction Documents shall for any reason not cause, or shall cease to cause, Buyer to be the owner free of any adverse claim of any of the Purchased Assets or if a Transaction is recharacterized as a secured financing, a secured party with respect to the related Purchased Assets free of any adverse claim, liens and rights of others (other than as granted herein), and, in either case, such condition is not cured by Seller within three (3) Business Days after the earlier of receipt of notice thereof from Buyer or Seller obtaining Knowledge thereof.

Ownership; Security Interest. The If the Transaction Documents shall for any reason not cause, or shall cease to cause, Buyer to be the owner free of any adverse claim of any of the Purchased Assets or if a Transaction is recharacterized as a secured financing, a secured party with respect to the related Purchased Assets Asset free of any adverse claim, claim liens and rights of others (other than as granted herein), and, in either case, such condition is not cured by Seller within three one (31) Business Days Day after the earlier of receipt of notice thereof from Buyer or Seller obtaining Knowledge thereof.