Common use of Reporting and Accounting Treatment Clause in Contracts

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.

Appears in 3 contracts

Samples: Receivables Contribution Agreement (MCM Capital Group Inc), Receivables Contribution Agreement (MCM Capital Group Inc), Receivables Contribution Agreement (MCM Capital Group Inc)

AutoNDA by SimpleDocs

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.. [*]

Appears in 1 contract

Samples: Receivables Contribution Agreement (MCM Capital Group Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!