Common use of Perfection of Ownership Interest Clause in Contracts

Perfection of Ownership Interest. Immediately preceding its sale of Receivables to Buyer, such Originator was the owner of, and effectively sold, such Receivables to Buyer, free and clear of any Adverse Claim. Buyer owns the Receivables free of any Adverse Claim other than the interests of the Purchasers and the Agent therein that are created by the Second Tier Agreement and, in the case of Receivables not designated as Eligible Receivables, other Adverse Claims.

Perfection of Ownership Interest. Immediately preceding its sale of Receivables to Buyer, such Originator was the owner of, and effectively sold, such Receivables to Buyer, free and clear of any Adverse Claim. Buyer owns the Receivables free of any Adverse Claim other than , except for the interests of the Purchasers and (through the Agent Agent) therein that are created by the Second Tier Agreement and, in the case of Receivables not designated as Eligible Receivables, other Adverse ClaimsAgreement.

Perfection of Ownership Interest. Immediately preceding its sale of Receivables to Buyer, such Originator was the owner of, and effectively sold, such Receivables to Buyer, free and clear of any Adverse Claim. Buyer owns the Receivables free and clear of any Adverse Claim other than the interests of the Purchasers Lenders and the Agent therein that are created by the Second Tier Agreement and, in the case of Receivables not designated as Eligible Receivables, other Adverse Claims. Buyer’s ownership interest in the Receivables originated by such Originator, together with the associated Related Security and Collections, is perfected.

Perfection of Ownership Interest. Immediately preceding its sale of Receivables to Buyer, such Originator was the owner of, and effectively sold, such Receivables to Buyer, free and clear of any Adverse Claim. Buyer owns the Receivables free and clear of any Adverse Claim other than the interests of the Purchasers and the Agent therein that are created by the Second Tier Agreement and, in the case of Receivables not designated as Eligible Receivables, other Adverse Claims.

Perfection of Ownership Interest. Immediately preceding its sale of Receivables to the Buyer, such Originator was the owner of, and upon such sale effectively sold, such Receivables to the Buyer, free and clear of any Adverse Claim. The Buyer owns the Receivables free of any Adverse Claim created by or through the Originator other than the interests of the Purchasers and (through the Agent Agent) therein that are created by the Second Tier Agreement and, in the case of Receivables not designated as Eligible Receivables, other Adverse Claimscreated.