Common use of Reporting and Accounting Treatment Clause in Contracts

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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fairfield Communities Inc)

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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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fairfield Communities Inc)

Reporting and Accounting Treatment. For tax and other 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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fairfield Communities Inc)

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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.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Fairfield Communities Inc)

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