Common use of BOOKKEEPING ENTRIES Clause in Contracts

BOOKKEEPING ENTRIES. The sale of a Participation Interest in each Receivable, and the Collections therefrom shall be reflected on RB’s balance sheet and other financial statements as a sale of assets by RB to ESPV. RB shall be responsible for maintaining a complete set of books and records for the Receivables and the Collections therefrom which shall be clearly marked to reflect the sale of each Participation Interest in each Receivable, and the Collections therefrom to ESPV and the ownership in each Participation Interest by ESPV.