Common use of Eligibility of Receivables Clause in Contracts

Eligibility of Receivables. The Seller makes the following representations and warranties as to the Receivables on which the Purchaser is deemed to have relied in acquiring the Receivables. Such representations and warranties speak as of the Cutoff Date and as of the Closing Date (unless, by its terms, a representation or warranty speaks specifically as of the Cutoff Date or the Closing Date, in which case, such representation or warranty speaks specifically as of such date only).

Appears in 93 contracts

Samples: Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC), Receivables Purchase Agreement (Toyota Auto Receivables 2024-C Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2024-C Owner Trust)

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Eligibility of Receivables. The Seller makes the following representations and warranties as to the Receivables on which the Purchaser is deemed to have relied in acquiring the Receivables. Such representations and warranties speak as of the Cutoff Date and as of the Closing Date (unless, by its terms, a representation or warranty speaks specifically as of the Cutoff Date or the Closing Date, in which case, such representation or warranty speaks specifically as of such date only).

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Toyota Auto Receivables 2010-B Owner Trust), Receivables Purchase Agreement (Toyota Auto Receivables 2010-B Owner Trust)

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