Common use of Conditions to Obligation of the Depositor Clause in Contracts

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 2014-B Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 2014-B Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 2014-B Closing Date having been performed on or prior to the 2014-B Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 2014-B A Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 2014-B A Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 2014-B A Closing Date having been performed on or prior to the 2014-B A Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142011-B A Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142011-B A Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142011-B A Closing Date having been performed on or prior to the 20142011-B A Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142013-B Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142013-B Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142013-B Closing Date having been performed on or prior to the 20142013-B Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142012-B Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142012-B Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142012-B Closing Date having been performed on or prior to the 20142012-B Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142011-B Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142011-B Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142011-B Closing Date having been performed on or prior to the 20142011-B Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142015-B A Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142015-B A Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142015-B A Closing Date having been performed on or prior to the 20142015-B A Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142015-B Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142015-B Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142015-B Closing Date having been performed on or prior to the 20142015-B Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142013-B A Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142013-B A Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142013-B A Closing Date having been performed on or prior to the 20142013-B A Closing Date.

Conditions to Obligation of the Depositor. The obligation of the Depositor to sell the 20142012-B A Exchange Note to the Issuer as set forth in Section 2.1 is subject to each representation and warranty of the Issuer as set forth in Section 3.1 being true and correct on the 20142012-B A Closing Date, and each obligation to be performed by the Issuer under this Agreement on or prior to the 20142012-B A Closing Date having been performed on or prior to the 20142012-B A Closing Date.