Conditions to all Transfers. Each sale hereunder (including the initial sale) shall be subject to satisfaction of the following further conditions precedent (any one or more of which, except clause (b) below, may be waived in writing by Buyer) as of the Transfer Date therefor: (a) The representations and warranties of Seller contained herein or in any other Related Document required to be made on such Transfer Date shall be true and correct in all material respects as of such Transfer Date, both before and after giving effect to such sale; and (b) Seller shall be in compliance in all material respects with each of its covenants and other agreements set forth herein. The consummation by Seller of the sale, as applicable, of Transferred Assets on any Transfer Date shall be deemed to constitute, as of any such Transfer Date, a representation and warranty by Seller that the conditions in clauses (a) and (b) of this Section 3.2 have been satisfied.
Appears in 4 contracts
Samples: Receivables Sale Agreement, Receivables Sale Agreement, Receivables Purchase and Contribution Agreement (GE Capital Credit Card Master Note Trust)
Conditions to all Transfers. Each sale by Seller hereunder (including the initial sale) shall be subject to satisfaction of the following further conditions precedent (any one or more of which, except clause (b) below, may be waived in writing by Buyer) as of the Transfer Date therefor:
(a) The the representations and warranties of Seller contained herein or in any other Related Document required to be made on such Transfer Date shall be true and correct in all material respects as of such Transfer Date, both before and after giving effect to such sale; and
(b) Seller shall be in compliance in all material respects with each of its covenants and other agreements set forth herein. The consummation by Seller of the sale, as applicable, of Transferred Assets on any Transfer Date shall be deemed to constitute, as of any such Transfer Date, a representation and warranty by Seller that the conditions in clauses (a) and (b) of this Section 3.2 have been satisfiedsatisfied as of such Transfer Date.
Appears in 3 contracts
Samples: Receivables Purchase and Contribution Agreement (CDF Funding, Inc.), Receivables Purchase and Contribution Agreement (CDF Funding, Inc.), Receivables Purchase and Contribution Agreement (CDF Funding, Inc.)
Conditions to all Transfers. Each sale by Seller hereunder (including the initial sale) shall be subject to satisfaction of the following further conditions precedent (any one or more of which, except clause (b) below, may be waived in writing by with the consent of Buyer) as of the Transfer Date therefor:
(a) The the representations and warranties of Seller contained herein or in any other Seller Related Document required to be made on such Transfer Date shall be true and correct in all material respects as of such Transfer Date, both before and after giving effect to such sale; and
(b) Seller shall be in compliance in all material respects with each of its covenants and other agreements set forth herein. The consummation by Seller of the sale, as applicable, of Transferred Assets on any Transfer Date shall be deemed to constitute, as of any such Transfer Date, a representation and warranty by Seller that the conditions in clauses (a) and (b) of this Section 3.2 have been satisfiedsatisfied as of such Transfer Date.
Appears in 1 contract
Samples: Receivables Purchase and Contribution Agreement (CDF Funding, Inc.)
