True Sales. The Seller and ARSC intend the transfers of ARSC Purchased Assets hereunder to be true sales by the Seller to ARSC that are absolute and irrevocable and to provide ARSC with the full benefits of ownership of the ARSC Purchased Assets, and neither the Seller nor ARSC intends the transactions contemplated hereunder to be, or for any purpose to be characterized as, loans from ARSC to the Seller, secured by the ARSC Purchased Assets.
Appears in 5 contracts
Samples: Omnibus Amendment (Domus Holdings Corp), Receivables Purchase Agreement (Cendant Corp), Omnibus Amendment (NRT Settlement Services of Missouri LLC)
