Common use of Treatment as Sale Clause in Contracts

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)

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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)

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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)

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