Common use of Dealers Clause in Contracts

Dealers. Each Dealer that originated a Contract for sale to the Originator has been selected by the Originator based on the Originator’s underwriting criteria, its financial and operating history and record of compliance with requirements of applicable federal and state law. Each Dealer from whom the Originator purchases Contracts directly has entered into an agreement with the Originator providing for the sale of motor vehicle loans from time to time by such Dealer to the Originator and is authorized to originate Contracts for sale to the Originator under the Originator’s underwriting guidelines. To the best of the Seller’s knowledge, no Dealer has engaged in any conduct constituting fraud or misrepresentation with respect to the Contracts or the related Trust Estate.

Dealers. Each Dealer that originated a Contract for sale to the Originator has been selected by the Originator based on the Originator’s underwriting criteria, its financial and operating history and record of compliance with requirements of applicable federal and state law. Each Dealer from whom the Originator purchases Contracts directly has entered into an agreement with the Originator providing for the sale of motor vehicle loans from time to time by such Dealer to the Originator and is authorized to originate Contracts for sale to the Originator under the Originator’s underwriting guidelines. To the best of the SellerOriginator’s knowledge, no Dealer has engaged in any conduct constituting fraud or misrepresentation with respect to the Contracts or the related Trust Estate.