Representations and Warranties from the Purchase Agreement. Ford Credit made the representations and warranties set forth in Section 3.2 of the Purchase Agreement to the Depositor, and has consented to the transfer by the Depositor to the Issuer of the Depositor’s rights with respect to such representations and warranties on which the Issuer is relying in acquiring the Receivables. Pursuant to Section 2.1, the Depositor has transferred to the Issuer all of the Depositor’s rights under the Purchase Agreement, including the right to require Ford Credit to repurchase Receivables in accordance with the Purchase Agreement if there is a breach of Ford Credit’s representations and warranties. In addition, the Depositor represents and warrants as of the Closing Date, which representations and warranties the Issuer has relied on in purchasing the Receivables and will survive the sale of the Receivables to the Issuer and the pledge of the Receivables to the Indenture Trustee pursuant to the Indenture, that the representations and warranties set forth in Section 3.2 of the Purchase Agreement are true and correct in all material respects.
Representations and Warranties from the Purchase Agreement. The Borrower represents and warrants that each of the representations and warranties given by International and, to its knowledge, each other party to the Purchase Agreement, are true and correct in all material respects as of the date hereof (except to the extent such representations and warranties expressly relate to a specific earlier date but, in such case, such representations and warranties are, to the knowledge of the Borrower, true and correct in all material respects as of such earlier date).
