Common use of Accounting for Purchases Clause in Contracts

Accounting for Purchases. Except as otherwise required by law, prepare any financial statements which shall account for the transactions contemplated under the Sale Agreement or hereunder in any manner other than as a sale of the Purchased Loans from the Sellers to the Company and from the Company to the Trust, respectively, or in any other respect account for or treat the transactions contemplated under the Sale Agreement or hereunder (including for financial accounting purposes, except as required by law) in any manner other than as sales of the Purchased Loans from the Sellers to the Company and from the Company to the Trust, respectively; provided, however, that this subsection shall not apply for any tax or tax accounting purposes.

Accounting for Purchases. Except as otherwise required by law, prepare Prepare any financial statements which shall account for the transactions contemplated under hereby (other than capital contributions and the Sale Agreement or hereunder Seller Note contemplated hereby) in any manner other than as a sale of the Purchased Loans from the Sellers Receivables originated by such Seller to the Company and from the Company to the Trust, respectively, or in any other respect account for or treat the transactions contemplated under the Sale Agreement or hereunder hereby (including for financial accounting purposes, except as required by law) (other than capital contributions and the Seller Note contemplated hereby) in any manner other than as sales of the Purchased Loans from the Sellers Receivables originated by such Seller to the Company and from the Company to the Trust, respectivelyCompany; provided, however, that this subsection shall not apply for any tax or tax accounting purposes.

Accounting for Purchases. Except as otherwise required by law, prepare Prepare any financial statements which shall account for the transactions contemplated under hereby (other than capital contributions and the Sale Agreement or hereunder Seller Note contemplated hereby) in any manner other than as a sale of the Purchased Loans from Receivables by the Sellers Seller to the Company and from the Company to the Trust, respectively, or in any other respect account for or treat the transactions contemplated under the Sale Agreement or hereunder hereby (including for financial accounting purposes, except as required by law) (other than capital contributions and the Seller Note contemplated hereby) in any manner other than as sales of the Purchased Loans from Receivables originated by the Sellers Seller to the Company and from the Company to the Trust, respectivelyCompany; provided, however, that this subsection shall not apply for any tax or tax accounting purposes.