True Sales. The Originator and the Buyer intend the transfers of CMSC Purchased Assets hereunder to be true sales by the Originator to the Buyer that are absolute and irrevocable and to provide the Buyer with the full benefits of ownership of the CMSC Purchased Assets, and neither the Originator nor the Buyer intends the transactions contemplated hereunder to be, or for any purpose to be characterized as, loans from the Buyer to the Originator, secured by the CMSC Purchased Assets.
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Samples: CMGFSC Purchase Agreement (Realogy Corp), Purchase Agreement (Cendant Corp), Purchase Agreement (PHH Corp)
True Sales. The Originator and the Buyer Issuer intend the transfers of CMSC Fee Purchased Assets hereunder to be true sales by the Originator to the Buyer Issuer that are absolute and irrevocable and to provide the Buyer Issuer with the full benefits of ownership of the CMSC Fee Purchased Assets, and neither the Originator nor the Buyer Issuer intends the transactions contemplated hereunder to be, or for any purpose to be characterized as, loans from the Buyer Issuer to the Originator, secured by the CMSC Fee Purchased Assets.
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