Seller May Own Certificate or Notes Sample Clauses
The 'Seller May Own Certificate or Notes' clause establishes that the seller is permitted to hold ownership of certificates or notes related to the transaction. In practice, this means the seller can retain or acquire financial instruments, such as promissory notes or certificates of participation, that are part of the deal structure. This clause clarifies the seller's rights regarding these instruments, ensuring transparency and preventing disputes over ownership or potential conflicts of interest.
Seller May Own Certificate or Notes. The Seller will own the Certificate on the Closing Date, and the Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of the Notes of any class with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided in any Basic Document.
Seller May Own Certificate or Notes. The Seller and any Affiliate thereof may in its individual or any other capacity become the owner or pledgee of Certificates or Notes with the same rights as it would have if it were not the Seller or an Affiliate thereof, except as expressly provided herein or in any other Basic Document.