Common use of Sale Characterization Clause in Contracts

Sale Characterization. The Purchaser shall not make statements or disclosures, or treat the transactions contemplated by this Agreement (other than for tax or accounting purposes) in any manner other than as a true sale, contribution or absolute assignment of the title to and sole record and beneficial ownership interest of (or a full Participation of) the Transferred Collateral Loans; provided that the Purchaser and/or its properties and other assets may be consolidated for accounting purposes in accordance with GAAP and shall, in any such consolidated financial statement of the Seller, disclose appropriately in a footnote that such Transferred Collateral Loans are owned by the Purchaser.

Sale Characterization. The Purchaser Seller shall not make statements or disclosures, or treat the transactions contemplated by this Agreement (other than for tax (as appropriate) or accounting purposes) in any manner other than as a true sale, contribution or absolute assignment of the title to and sole record and beneficial ownership interest of (or a full Participation of) the Transferred Collateral LoansAssets; provided that the Seller may consolidate the Purchaser and/or its properties and other assets may be consolidated for accounting purposes in accordance with GAAP and shall, in any such consolidated financial statement of the Seller, disclose appropriately in a footnote that such Transferred Collateral Loans Assets are owned by the Purchaser.

Sale Characterization. The Purchaser Seller shall not make statements or disclosures, or treat the transactions contemplated by this Agreement (other than for tax (as appropriate) or accounting purposes) in any manner other than as a true sale, contribution or absolute assignment of the title to and sole record and beneficial ownership interest of (or a full Participation of) the Transferred Collateral LoansAssets; provided that that, the Seller may consolidate the Purchaser and/or its properties and other assets may be consolidated for accounting purposes in accordance with GAAP and shall, in any such consolidated financial statement of the Seller, disclose appropriately in a footnote that such Transferred Collateral Loans Assets are owned by the Purchaser.

Sale Characterization. The Purchaser Seller shall not make statements or disclosures, or treat the transactions contemplated by this Agreement (other than for tax or accounting purposes) in any manner other than as a true sale, contribution or absolute assignment of the title to and sole record and beneficial ownership interest of (or a full Participation of) the Transferred Collateral Loans; provided that the Seller may consolidate the Purchaser and/or its properties and other assets may be consolidated for accounting purposes in accordance with GAAP and shall, in any such consolidated financial statement of the Seller, disclose appropriately in a footnote that such Transferred Collateral Loans are owned by the Purchaser.