Common use of Eligible Contracts Clause in Contracts

Eligible Contracts. As of the relevant Purchase Date: (i) each Purchased Contract sold on such date is an Eligible Contract and the transfer, sale and conveyance to LEAF II hereunder of such Purchased Contract does not conflict with, result in a breach of any of the provisions of, or constitute (with or without notice or lapse of time or both) a default under, such Purchased Contract or violate any Requirement of Law or subject the Lender to any fine, penalty or liability; and (ii) the information set forth in the Purchase Date Notice with respect to each Purchased Contract to be purchased on such date, together with the applicable electronic data file provided in connection therewith, is and shall be true and correct.

Eligible Contracts. As of the relevant Purchase Date: (i) each Purchased Contract sold on such date is an Eligible Contract and the transfer, sale and conveyance from LEAF III to LEAF II hereunder Borrower under the Purchase and Contribution Agreement of such Purchased Contract does not conflict with, result in a breach of any of the provisions of, or constitute (with or without notice or lapse of time or both) a default under, such Purchased Contract or violate any Requirement of Law or subject Administrative Agent or any of the Lender Lenders to any fine, penalty or liability; and (ii) the information set forth in the Purchase Date Notice with respect to each Purchased Contract to be purchased on such date, together with the applicable electronic data file provided in connection therewith, is and shall be true and correct.