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.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Reporting and Accounting Treatment. For reporting and accounting ---------------------------------- accounting purposes, and in its books of account and records, TFCRC III IV will treat each transfer of Receivables pursuant to the Sale and Servicing Agreement as an absolute sale and assignment of TFCRC IIIIV's full right, title and ownership interest in such Receivable and TFCRC III IV will not account for or treat the Transactions in any other manner.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Reporting and Accounting Treatment. For reporting and ---------------------------------- accounting purposes, and in its books of account and records, TFCRC III V will treat each transfer of Receivables pursuant to the Sale and Servicing Agreement as an absolute sale and assignment of TFCRC IIIV's full right, title and ownership interest in such Receivable and TFCRC III V will not account for or treat the Transactions in any other manner.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Reporting and Accounting Treatment. For reporting and accounting ---------------------------------- 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 IIITFCRC's full right, title and ownership interest in such Receivable and TFCRC III will not account for or treat the Transactions transactions in any other manner.
Appears in 1 contract
Samples: Insurance and Reimbursement Agreement (TFC Enterprises Inc)