Common use of Amendments to Warehouse Facilities Clause in Contracts

Amendments to Warehouse Facilities. The Borrower represents to the Warehouse Facility Secured Parties that the representations and warranties, covenants, termination events, indemnities and other provisions set forth in Sections 2.1(b), 3.2 and 4.1, Section 2.4 and Articles VIII, IX, X and XIV of the Receivables Financing Agreements in effect on the date hereof and the definitions of the terms “Borrowing Base” (and any other defined term necessary to calculate such Borrowing Base), “Wind-Down Borrowing Base” (and any other defined term necessary to calculate such Wind-Down Borrowing Base), “Wind-Down Event”, “Eligible Receivable” (and any defined term used therein) and “Warehouse Facility Termination Event” (and any defined term used therein) applicable thereto are substantially identical to the representations and warranties, covenants, termination events, indemnities, other provisions and definitions of such terms set forth in the corresponding Sections and Articles of the Additional Warehouse Facilities and agrees (and each Warehouse Facility Secured Party agrees) that such corresponding Sections, Articles and definitions contained in the Receivables Financing Agreement entered into with respect to any Warehouse Facility will not be amended or modified unless (i) such amendment or modification is consented to by the Required Warehouse Lenders and (ii) conforming changes are concurrently made to Receivables Financing Agreements entered into with respect to any other Warehouse Facility.

Appears in 4 contracts

Samples: Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT), Collateral Agency Agreement (World Omni LT)

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Amendments to Warehouse Facilities. The Borrower represents to the Warehouse Facility Secured Parties that the representations and warranties, covenants, termination events, indemnities and other provisions set forth in Sections 2.1(b), 3.2 and 4.1, Section 2.4 and Articles VIII, IX, X and XIV of the Receivables Financing Agreements in effect on the date hereof and the definitions of the terms “Borrowing Base” (and any other defined term necessary to calculate such Borrowing Base), “Wind-Down Borrowing Base” (and any other defined term necessary to calculate such Wind-Down Borrowing Base), “Wind-Down Event”, “Eligible Receivable” (and any defined term used therein) and “Warehouse Facility Termination Event” (and any defined term used therein) applicable thereto are substantially identical to the representations and warranties, covenants, termination events, indemnities, other provisions and definitions of such terms set forth in the corresponding Sections and Articles of the Additional Warehouse Facilities and agrees (and each Warehouse Facility Secured Party agrees) that such corresponding Sections, Articles and definitions contained in the Receivables Financing Agreement entered into with respect to any Warehouse Facility will not be amended or modified unless (i) such amendment or modification is consented to by the Required Warehouse Lenders and (ii) conforming changes are concurrently made to Receivables Financing Agreements entered into with respect to any other Warehouse Facility.

Appears in 1 contract

Samples: Collateral Agency Agreement (World Omni Auto Leasing LLC)

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