Creation of Receivables. The Originator has exercised at least the same degree of care and diligence in the creation of the Purchased Receivables as it has exercised in connection with the creation of receivables originated by it prior to the date of this Agreement and not sold hereunder.
Creation of Receivables. As of the date of the creation of any Receivable transferred to the Trust by Discover Bank subsequent to the Cut-Off Date, such Receivable is an Eligible Receivable, except that Discover Bank makes no representation or warranty with respect to the existence of any statutory or other non-consensual Liens with respect to the Receivables.
Creation of Receivables. If such Transferor is an Originator, it has exercised at least the same degree of care and diligence in the creation of the Receivables sold or otherwise transferred hereunder as it has exercised in connection with the creation of receivables originated by it and not so transferred hereunder.
Creation of Receivables. As of the date of the creation of any Receivable transferred to the Trust (i) by Discover Bank prior to the Effective Date and (ii) by the Transferor on and after the Effective Date, such Receivable is an Eligible Receivable, except that the Transferor makes no representation or warranty with respect to the existence of any statutory or other non-consensual Liens with respect to the Receivables.
Creation of Receivables. Such Originator has complied in all material respects with its Credit and Collection Policy in the creation of the Receivables sold or otherwise transferred hereunder.
Creation of Receivables. Each of the Originators has utilized at least the same degree of care and diligence in the creation of the Receivables originated by such Originator and sold hereunder as such Originator would utilize or has utilized and would apply or has applied with respect to the creation of receivables originated by such Originator and not sold hereunder.
Creation of Receivables. As of the date of the creation of any Receivable subsequent to the date of this Agreement, such Receivable will be, to the best knowledge of Sears, an Eligible Receivable.
Creation of Receivables. As of the date of the creation of any Receivable transferred to the Trust by Greenwood subsequent to the Cut-Off Date, such Receivable is an Eligible Receivable, except that Greenwood makes no representation or warranty with respect to the existence of any statutory or other non-consensual Liens with respect to the Receivables.
Creation of Receivables. Paragraph 1 of the Receivables Purchase Agreement is hereby amended in its entirety to read as follows:
Creation of Receivables. Pursuant to the terms of the Transmission Agreement, certain Receivables shall be due and owing from time to time by New Corp Resources, Inc. (the "User") to the Supplier on the terms set forth in the Transmission Agreement.
