Common use of Representations, Warranties and Covenants of Servicer Clause in Contracts

Representations, Warranties and Covenants of Servicer. The Servicer makes the following representations, warranties and covenants upon which the Issuer is deemed to have relied in acquiring the Receivables. Such representations, warranties and covenants speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of the Receivables to the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.

Appears in 31 contracts

Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2016-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2020-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A)

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Representations, Warranties and Covenants of Servicer. The Servicer makes the following representations, warranties and covenants upon on which the Issuer is deemed to have relied relies in acquiring the Receivables. Such representations, warranties and covenants speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale of accepting the Receivables to and issuing the Issuer and Notes, on which the pledge thereof to Trustee relies in authenticating the Indenture Trustee pursuant to the IndentureNotes.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Clark/Bardes Inc)

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