Common use of Obligations of Purchaser Clause in Contracts

Obligations of Purchaser. The obligations of the Purchaser under this Receivables Purchase Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Receivable.

Appears in 71 contracts

Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2024-2), Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (CarMax Auto Owner Trust 2024-1)

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Obligations of Purchaser. The obligations of the Purchaser under this Receivables Purchase Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Receivable.

Appears in 37 contracts

Samples: Receivables Purchase Agreement, Receivables Purchase Agreement (CarMax Auto Owner Trust 2015-4), Receivables Purchase Agreement (CarMax Auto Owner Trust 2015-3)

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Obligations of Purchaser. The obligations of the Purchaser ------------------------ under this Receivables Purchase Agreement shall not be affected by reason of any invalidity, illegality or irregularity of any Receivable.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Pooled Auto Securities Shelf LLC)

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