Treatment as Sale. It is the express and specific intent of the ----------------- parties that the transfer of the Contracts and the other Transferred Assets relating thereto from the Seller to Company, as provided in this Section 2 --------- (each, a "Purchase"), is and shall be construed for all purposes as a true, complete and absolute sale of such Contracts and Transferred Assets.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Fairfield Communities Inc)
Treatment as Sale. It is the express and specific intent of the parties ----------------- parties that the transfer of the Contracts and the other Transferred Assets relating thereto from the Seller to Company, as provided in this Section 2 --------- (each, a --------- "Purchase"), is and shall be construed for all purposes as a true, complete and absolute sale of such Contracts and Transferred Assets.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Fairfield Communities Inc)
Treatment as Sale. It is the express and specific intent of the parties ----------------- parties that the transfer of the Contracts and the other Transferred Assets relating thereto from the Seller to Company, as provided in this Section 2 --------- (each, a --------- "Purchase"), is and shall be construed for all purposes as a true, complete and absolute sale of such Contracts and Transferred AssetsAssets and will be treated as such for all federal income tax reporting and all other purposes.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Fairfield Communities Inc)
Treatment as Sale. It is the express and specific intent of the ----------------- parties that the transfer of the Contracts and the other Transferred Assets relating thereto from the Seller to Company, as provided in this Section 2 --------- (each, a "Purchase"), is and shall be construed for all purposes as a true, complete and absolute sale of such Contracts and Transferred Assets.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Fairfield Communities Inc)