Common use of Adverse Interests Clause in Contracts

Adverse Interests. As of the date of each Servicer's Acknowledgment: (i) it holds no adverse interest, by way of security or otherwise, in any Receivable; and (ii) the execution of this Agreement and the creation of the servicing and custodial relationship hereunder does not create any interest, by way of security or otherwise, of the Servicer in or to any Receivable, other than the Servicer's rights as servicer and custodian hereunder.

Adverse Interests. As of the date of each Servicer's ----------------- Acknowledgment: (i) it holds no adverse interest, by way of security or otherwise, in any Receivable; and (ii) the execution of this Agreement and the creation of the servicing and custodial relationship hereunder does not create any interest, by way of security or otherwise, of the Servicer in or to any Receivable, other than the Servicer's rights as servicer and custodian Custodian hereunder.