Common use of Financing Statement, etc Clause in Contracts

Financing Statement, etc. The Buyer shall have received evidence ------------------------- satisfactory to it of the completion of all recordings, registrations and filings as may be necessary or, in the opinion of the Buyer, desirable, to evidence or perfect the Ownership Interest to be acquired by the Buyer hereunder, including: (i) acknowledgment copies of proper financing statements on Form UCC-1 filed on or prior to the Initial Cut-off Date, naming the Seller as debtor and/or assignor and the Buyer as secured party and/or assignee, or such other similar instruments or documents as may be necessary or, in the opinion of the Buyer, advisable, under the Uniform Commercial Code or any comparable Law of all appropriate jurisdictions to evidence or perfect the Ownership Interest; and (ii) evidence of searches satisfactory to the Buyer listing all effective financing statements which name the Seller as debtor and/or assignor in the jurisdictions in which filings are made pursuant to subsection (i) above, together with copies of such financing -------------- statements, none of which shall cover any Receivables or the related Contracts.

Financing Statement, etc. The Buyer shall have received evidence ------------------------- satisfactory to it of the completion of all recordings, registrations and filings as may be necessary or, in the opinion of the Buyer, desirable, to evidence or perfect the Ownership Interest to be acquired by the Buyer hereunder, including: (i) acknowledgment copies of proper financing statements on Form UCC-1 filed on or prior to the Initial Cut-off Date, naming the Seller as debtor and/or assignor and the Buyer as secured party and/or assignee, or such other similar instruments or documents as may be necessary or, in the opinion of the Buyer, advisable, under the Uniform Commercial Code or any comparable Law of all appropriate jurisdictions to evidence or perfect the Ownership Interest; and (ii) evidence of searches satisfactory to the Buyer listing all effective financing statements which name the Seller as debtor and/or assignor in the jurisdictions in which filings are made pursuant to subsection (i) above, together with copies of such financing -------------- statements, none of which shall cover any Receivables or the related Contracts.