The Receivables. SECTION 3.01 Representations and Warranties of the Seller with Respect to the Receivables......... 22 SECTION 3.02
The Receivables. SECTION 3.1 Representations and Warranties of Seller; Conditions Relating to Receivables..................23 SECTION 3.2 Repurchase Upon Breach or Failure of a Condition..............................................27 SECTION 3.3 Custody of Receivable Files...................................................................28 SECTION 3.4 Duties of Servicer as Custodian...............................................................28 SECTION 3.5 Instructions; Authority to Act................................................................29 SECTION 3.6 Custodian's Indemnification...................................................................30 SECTION 3.7 Effective Period and Termination..............................................................30
The Receivables. With respect to each Receivable acquired by the Borrower from the Transferor, the Collection Agent will, and will direct the Borrower to, (i) acquire such Receivable pursuant to and in accordance with the terms of the Contribution Agreement, (ii) take all action necessary to perfect, protect and more fully evidence the Borrower’s ownership of such Receivable, including (A) filing and maintaining effective financing statements (Form UCC-1) against the Transferor and the applicable Originator in all necessary or appropriate filing offices, and filing continuation statements, amendments or assignments with respect thereto in such filing offices and (B) executing or causing to be executed such other instruments or notices as may be necessary or appropriate and (iii) take all additional action that the Administrative Agent may reasonably request to perfect, protect and more fully evidence the respective interests of the parties to this Agreement in the Receivables and other Collateral related thereto.
The Receivables. SECTION 3.1
The Receivables. 17 Section 3.01. Representations and Warranties of the Seller..............................................17 Section 3.02. Representations and Warranties of the Depositor...........................................18
The Receivables. SECTION 3.01 Representations and Warranties of the Seller with Respect to the Receivables 22 SECTION 3.02 Remedies 26 SECTION 3.03 Duties of Servicer as Custodian 27 SECTION 3.04 Instructions; Authority To Act 27 SECTION 3.05 Custodian’s Indemnification 28 SECTION 3.06 Effective Period and Termination 28
The Receivables. 1. The Agreement creates a valid and continuing ownership or security interest (as defined in the applicable UCC) in the Pool Receivables in favor of the Purchaser, which ownership or security interest is prior to all other Adverse Claims, and is enforceable as such as against creditors of and purchasers from such Seller.
The Receivables. Section 3.01.
The Receivables. 3 SECTION 3.1. Representations and Warranties as to Each Receivable................. 3
The Receivables. SECTION 3.01 Representations and Warranties of the Seller with Respect to the Receivables 23 SECTION 3.02 Remedies 27 SECTION 3.03 Duties of Servicer as Custodian 27 SECTION 3.04 Instructions; Authority To Act 28 SECTION 3.05 Custodian’s Indemnification 28 SECTION 3.06 Effective Period and Termination 28 ARTICLE IV ADMINISTRATION AND SERVICING OF RECEIVABLES SECTION 4.01 Duties of Servicer 29 SECTION 4.02 Collection and Allocation of Receivable Payments 30 SECTION 4.03 [Reserved] 31 SECTION 4.04 Realization upon Receivables 31 SECTION 4.05 Physical Damage Insurance 31 SECTION 4.06 Maintenance of Security Interests in Financed Vehicles 31 SECTION 4.07 Covenants of Servicer 32 SECTION 4.08 Remedies 32 SECTION 4.09 Servicing Fee and Expenses 33 SECTION 4.10 Servicer’s Certificate 33 SECTION 4.11 Annual Statement as to Compliance; Notice of Default 33 SECTION 4.12 Assessment of Compliance and Accountants’ Attestation 34 SECTION 4.13 Access to Certain Documentation and Information Regarding Receivables 35 SECTION 4.14 Appointment of Subservicer 35 SECTION 4.15 Amendments to Schedule of Receivables 36 SECTION 4.16 Reports to Securityholders and Rating Agencies 36 SECTION 4.17 Information to be Provided by the Servicer 36 SECTION 4.18 Remedies 37
