Reporting and Accounting Treatment. For reporting and accounting purposes, and in its books of account and records, the Issuer will treat each transfer of Receivables pursuant to the Receivables Contribution Agreement as an absolute sale and assignment of Midland Credit Management, Inc.'s full right, title and ownership interest in each such Receivable and the Issuer has not in any other manner accounted for or treated the transactions.
Reporting and Accounting Treatment. For reporting and accounting purposes, and in its books of account and records, the Seller will treat the sale of Receivables pursuant to this Agreement as an absolute assignment of the Seller's full right, title and ownership interest in each such Receivable and the Seller has not in any other manner accounted for or treated the transactions.
Reporting and Accounting Treatment. For reporting and accounting ---------------------------------- purposes, and in their books of account and records, the Seller and FCI will treat the Purchase of each Contract pursuant to this Agreement as a purchase of, or absolute assignment of, the Seller's full right, title and ownership interest in each Contract, and the Seller and FCI have not in any other manner accounted for or treated the transactions.
Reporting and Accounting Treatment. For reporting and ---------------------------------- accounting purposes, and in its books of account and records, TFCRC III will treat each transfer of Receivables pursuant to the Sale and Servicing Agreement as an absolute sale and assignment of TFCRC III's full right, title and ownership interest in such Receivable and TFCRC III will not account for or treat the Transactions in any other manner.
Reporting and Accounting Treatment. For reporting and accounting ------------------------------------ purposes, and in its books of account and records, the Borrower will treat the Purchase of each Pledged Contract pursuant to the Receivables Purchase Agreement as a purchase of, or absolute assignment of, the Seller's full right, title and ownership interest in each such Pledged Contract, and the Borrower has not in any other manner accounted for or treated the transactions.
Reporting and Accounting Treatment. For reporting and accounting ---------------------------------- purposes, and in its books of account and records, the Issuer will treat the transfer of the Receivables pursuant to the Receivables Contribution Agreement as an absolute assignment of Creditrust Corporation's full right, title and ownership interest in the Receivables and the Issuer has not in any other manner accounted for or treated the transactions.
Reporting and Accounting Treatment. For reporting and accounting purposes, and in its books of account and records, the Issuer will treat each Purchase of any Advance pursuant to the Purchase and Contribution Agreement as a purchase of, or absolute assignment of, the Originator's full right, title and ownership interest in each such Advance, and the Issuer has not in any other manner accounted for or treated the transactions. All Acquired Advances and related Pledged Assets shall be at all times represented in the financial statements and records of the Issuer as accounts receivable or amounts owed from Obligors in accordance with GAAP consistently applied by the Originator.
Reporting and Accounting Treatment. For reporting and accounting purposes, and in its books of account and records, the Borrower will treat each Purchase of any Advance pursuant to the Purchase and Contribution Agreement as a purchase of, or absolute assignment of, Ag Services' full right, title and ownership interest in each such Advance, and the Borrower has not in any other manner accounted for or treated the transactions. All Acquired Advances and related Collateral shall be at all times represented in the financial statements and records of the Borrower as accounts receivable or amounts owed from Obligors in accordance with GAAP consistently applied by the Seller.
Reporting and Accounting Treatment. For reporting and accounting purposes, and in its books of account and records, the Seller will treat all Acquired Assets as the Purchaser's own property and will cause any consolidated financial statements prepared on its behalf to contain footnotes or other appropriate disclosures to the effect that the Purchaser is a separate corporate entity whose creditors have a claim on its assets prior to those assets becoming available to its equity holders and therefore to any creditors of Ag Services.
Reporting and Accounting Treatment. For reporting and accounting purposes, and in its books of account and records, the Issuer will treat each transfer of Receivables pursuant to the Receivables Contribution Agreement as an irrevocable sale and/or capital contribution of OAC's full right, title and ownership interest in each such Receivable and the Issuer has not accounted for or treated in any other manner and will not account for or treat in any other manner the transactions.
