Covenants of the Transferor with Respect to the Purchase Agreement. The Transferor, in its capacity as purchaser of Receivables from Metris or from HRAC II pursuant to a Purchase Agreement, as applicable, or a Credit Card Originator, hereby covenants that the Transferor will at all times enforce the covenants and agreements of Metris, HRAC II, and each Credit Card Originator in the applicable Purchase Agreement, the applicable Bank Receivables Purchase Agreement or any other agreement, including, without limitation, any covenants to the effect set forth below.
Covenants of the Transferor with Respect to the Purchase Agreement. The Transferor, in its capacity as purchaser of Contracts pursuant to the Purchase Agreement, hereby covenants that it will at all times enforce the covenants and agreements of the Seller in the Purchase Agreement.
Covenants of the Transferor with Respect to the Purchase Agreement. The Transferor, in its capacity as purchaser of the Receivables from FCI or any Originator pursuant to a Purchase Agreement, hereby covenants that the Transferor will at all times enforce the covenants and agreements of each Originator in a Purchase Agreement and, as assignee of FCI's rights, of FNB in the Bank Receivables Purchase Agreement, including, without limitation, the covenants therein with respect to the Credit and Collection Policy. The Transferor further covenants that the Transferor will not enter into or consent to any amendments to the Bank Receivables Purchase Agreement or the Purchase Agreement that would cause a Ratings Event to occur. [End of Article II]
