Treatment of Transaction. It has not prepared any financial statement which accounts for the transactions contemplated hereby in any manner other than the sale of the Purchased Contracts by it, and it has not in any other respect accounted for or treated the transactions in the Purchased Contracts by it contemplated hereby (including, but not limited to, accounting and tax reporting purposes) in any manner other than as a sale of, or absolute assignment of, its full right, title and ownership interest in, the Purchased Contracts, to Recco.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp)
Treatment of Transaction. It has not prepared any financial statement which accounts for the transactions contemplated hereby in any manner other than the sale of the Purchased Contracts by it, and it has not in any other respect accounted for or treated the transactions in the Purchased Contracts by it contemplated hereby (including, including but not limited to, to accounting and tax reporting purposes) in any manner other than as a sale of, or absolute assignment of, its full right, title and ownership interest in, the Purchased Contracts, to ReccoFincx.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp)
Treatment of Transaction. It has not prepared any financial statement which accounts for the transactions contemplated hereby in any manner other than the sale of the Purchased Contracts by it, and it has not in any other respect accounted for or treated the transactions in the Purchased Contracts by it contemplated hereby (including, including but not limited to, to accounting and tax reporting purposes) in any manner other than as a sale of, or absolute assignment of, its full right, title and ownership interest in, the Purchased Contracts, to ReccoXxxxx.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp)
Treatment of Transaction. It has not prepared any financial statement which accounts for the transactions contemplated hereby in any manner other than the sale of the Purchased Contracts by it, and it has not in any other respect accounted for or treated the transactions in the Purchased Contracts by it contemplated hereby (including, including but not limited to, to accounting and tax reporting purposes) in any manner other than as a sale of, or absolute assignment of, its full right, title and ownership interest in, the Purchased Contracts, to Recco.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp)
Treatment of Transaction. It has not accounted for and prepared any financial statement which accounts account for the transactions contemplated hereby in any manner other than the sale of as a financing secured by the Purchased Contracts by itContracts, and but it has not in any other respect accounted for or treated the transactions in the Purchased Contracts by it contemplated hereby (including, but not limited to, accounting and tax reporting purposes) in any manner other than as a sale of, or absolute assignment of, its full right, title and ownership interest in, the Purchased Contracts, to Recco.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Onyx Acceptance Corp)