Ownership of Accounts Receivable. Subject to the Receivables Purchase Agreement, all Accounts Receivable arising under any of the Accounts shall be the sole and exclusive property of the Bank and its successors and assigns and Holdings shall not have, and hereby irrevocably waives and disclaims, any ownership or other property interest therein whatsoever.
Appears in 2 contracts
Sources: Assistance Agreement (Partners First Receivables Funding Corp), Assistance Agreement (Partners First Receivables Funding Corp)