Common use of Representations and Warranties from the Purchase Agreement Clause in Contracts

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.

Appears in 22 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2014-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2013-D)

AutoNDA by SimpleDocs

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 '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 '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 '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.

Appears in 12 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2010-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2010-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2009-A)

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 regarding the representations and warranties on which the Issuer is relying in acquiring the Receivables. Pursuant to Under 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 under the Indenture, that the representations and warranties set forth about the Receivables in Section 3.2 of the Purchase Agreement are true and correct in all material respects.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-A)

AutoNDA by SimpleDocs

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 '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.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-A), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-C), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2006-B)

Time is Money Join Law Insider Premium to draft better contracts faster.