Common use of Obligations of Sellers Clause in Contracts

Obligations of Sellers. The obligations of the Sellers under this Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Receivable.

Appears in 4 contracts

Samples: Purchase Agreement (Franklin Auto Trust 2008-A), Purchase Agreement (Franklin Auto Trust 2007-1), Purchase Agreement (Franklin Auto Trust 2005-1)

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Obligations of Sellers. The obligations of the Sellers each Seller under this Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Receivable.

Appears in 2 contracts

Samples: First Tier Receivables Purchase Agreement (Asset Backed Securities Corp), First Tier Receivables Purchase Agreement (Compass Auto Receivables Trust 1998-A)

Obligations of Sellers. The obligations of the Sellers under this Agreement shall not be affected by reason of any invalidity, invalidity illegality or irregularity of any ReceivablePurchased Loan.

Appears in 1 contract

Samples: Master Repurchase Agreement (Guild Holdings Co)

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Obligations of Sellers. The obligations of the Sellers under this Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Receivable.

Appears in 1 contract

Samples: Purchase Agreement (Bond Securitization LLC)

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