Common use of Note Owner Representations Clause in Contracts

Note Owner Representations. Each Series 2013-3 Note Owner, by its acceptance of a beneficial interest in the Series 2013-3 Notes, is deemed to represent, warrant and covenant to the Issuer, the Depositors and the Indenture Trustee that: (a) either (A) it is not a Benefit Plan and is not acting on behalf of or investing the assets of a Benefit Plan or (B) its purchase, holding or disposition of such beneficial interest therein does not constitute and will not result in a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code due to the applicability of a statutory or administrative exemption from the prohibited transaction rules (or, if the Series 2013-3 Note Owner is subject to any Similar Law, such purchase, holding or disposition does not constitute and will not result in a violation of such Similar Law); and (b) it will treat the Series 2013-3 Notes for U.S. federal, state and local income and franchise tax purposes as indebtedness secured by the Trust Property.

Note Owner Representations. Each Series 20132012-3 2 Note Owner, by its acceptance of a beneficial interest in the Series 20132012-3 2 Notes, is deemed to represent, warrant and covenant to the Issuer, the Depositors and the Indenture Trustee that: (a) either (A) it is not a Benefit Plan and is not acting on behalf of or investing the assets of a Benefit Plan or (B) its purchase, purchase and holding or disposition of such beneficial interest therein does not constitute and will not result in a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code due to the applicability of a statutory or administrative exemption from the prohibited transaction rules (or, if the Series 20132012-3 2 Note Owner is subject to any Similar Law, such purchase, purchase and holding or disposition does not constitute and will not result in a violation of such Similar Law); and (b) it will treat the Series 20132012-3 2 Notes for U.S. federal, state and local income and franchise tax purposes as indebtedness secured by the Trust Property.

Note Owner Representations. Each Series 2013-3 1 Note Owner, by its acceptance of a beneficial interest in the Series 2013-3 1 Notes, is deemed to represent, warrant and covenant to the Issuer, the Depositors and the Indenture Trustee that: (a) either (A) it is not a Benefit Plan and is not acting on behalf of or investing the assets of a Benefit Plan or (B) its purchase, holding or disposition of such beneficial interest therein does not constitute and will not result in a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code due to the applicability of a statutory or administrative exemption from the prohibited transaction rules (or, if the Series 2013-3 1 Note Owner is subject to any Similar Law, such purchase, holding or disposition does not constitute and will not result in a violation of such Similar Law); and (b) it will treat the Series 2013-3 1 Notes for U.S. federal, state and local income and franchise tax purposes as indebtedness secured by the Trust Property.

Note Owner Representations. Each Series 20132011-3 2 Note Owner, by its acceptance of a beneficial interest in the Series 20132011-3 2 Notes, is deemed to represent, warrant and covenant to the Issuer, the Depositors and the Indenture Trustee that: (a) either (A) it is not a Benefit Plan and is not acting on behalf of or investing the assets of a Benefit Plan or (B) its purchase, purchase and holding or disposition of such beneficial interest therein does not constitute and will not result in a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code due to the applicability of a statutory or administrative exemption from the prohibited transaction rules (or, if the Series 20132011-3 2 Note Owner is subject to any Similar Law, such purchase, purchase and holding or disposition does not constitute and will not result in a violation of such Similar Law); and (b) it will treat the Series 20132011-3 2 Notes for U.S. federal, state and local income and franchise tax purposes as indebtedness secured by the Trust Property.

Note Owner Representations. Each Series 20132012-3 5 Note Owner, by its acceptance of a beneficial interest in the Series 20132012-3 5 Notes, is deemed to represent, warrant and covenant to the Issuer, the Depositors and the Indenture Trustee that: (a) either (A) it is not a Benefit Plan and is not acting on behalf of or investing the assets of a Benefit Plan or (B) its purchase, holding or disposition of such beneficial interest therein does not constitute and will not result in a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code due to the applicability of a statutory or administrative exemption from the prohibited transaction rules (or, if the Series 20132012-3 5 Note Owner is subject to any Similar Law, such purchase, holding or disposition does not constitute and will not result in a violation of such Similar Law); and (b) it will treat the Series 20132012-3 5 Notes for U.S. federal, state and local income and franchise tax purposes as indebtedness secured by the Trust Property.

Note Owner Representations. Each Series 20132012-3 1 Note Owner, by its acceptance of a beneficial interest in the Series 20132012-3 1 Notes, is deemed to represent, warrant and covenant to the Issuer, the Depositors and the Indenture Trustee that: (a) either (A) it is not a Benefit Plan and is not acting on behalf of or investing the assets of a Benefit Plan or (B) its purchase, purchase and holding or disposition of such beneficial interest therein does not constitute and will not result in a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code due to the applicability of a statutory or administrative exemption from the prohibited transaction rules (or, if the Series 20132012-3 1 Note Owner is subject to any Similar Law, such purchase, purchase and holding or disposition does not constitute and will not result in a violation of such Similar Law); and (b) it will treat the Series 20132012-3 1 Notes for U.S. federal, state and local income and franchise tax purposes as indebtedness secured by the Trust Property.

Note Owner Representations. Each Series 20132011-3 1 Note Owner, by its acceptance of a beneficial interest in the Series 20132011-3 1 Notes, is deemed to represent, warrant and covenant to the Issuer, the Depositors and the Indenture Trustee that: (a) either (A) it is not a Benefit Plan and is not acting on behalf of or investing the assets of a Benefit Plan or (B) its purchase, purchase and holding or disposition of such beneficial interest therein does not constitute and will not result in a non-exempt prohibited transaction under Title I of ERISA or Section 4975 of the Code due to the applicability of a statutory or administrative exemption from the prohibited transaction rules (or, if the Series 20132011-3 1 Note Owner is subject to any Similar Law, such purchase, purchase and holding or disposition does not constitute and will not result in a violation of such Similar Law); and (b) it will treat the Series 20132011-3 1 Notes for U.S. federal, state and local income and franchise tax purposes as indebtedness secured by the Trust Property.. Table of Contents