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the execution and delivery of this Agreement and as of the Closing Date in the case of the <strong>Initial Receivables</strong>, and as of the related Subsequent Transfer Date in case of the Subsequent Receivables, but shall survive the sale, transfer and assignment of the Receivables to the Issuer and the pledge thereof to the Trustee pursuant to the Indenture.", "The Servicer has in its possession copies of all the original Contracts that constitute or evidence the <strong>Initial Receivables</strong> and, from and after each Subsequent Transfer Date, will have in its possession copies of all the original Contracts that constitute or evidence the related Subsequent Receivables.", "This First Step <strong>Initial Receivables</strong> Assignment is made pursuant to and upon the representations, warranties and agreements on the part of the undersigned contained in the Pooling and Servicing Agreement and is to be governed by the Pooling and Servicing Agreement.", "In consideration of the Issuer\u2019s delivery to the Depositor of the Notes, the Class A Certificate and the Class B Certificate, effective on the Closing Date, the Depositor transfers and absolutely assigns to the Issuer, without recourse (other than the Depositor\u2019s obligations under this Agreement), all of the Depositor\u2019s right, title and interest, whether now owned or later acquired, in the <strong>Initial Receivables</strong> and the other related Depositor Transferred Property.", "The Depositor certifies that the Credit Enhancement Test and the Pool Composition Tests are satisfied for the transfer and assignment of the <strong>Initial Receivables</strong> and the other related Depositor Transferred Property on the Closing Date.", "The representations and warranties are made as of the Closing Date (for the <strong>Initial Receivables</strong>) and as of each Acquisition Date (for the related Additional Receivables) and will survive the transfer and absolute assignment of the Depositor 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