Common use of Fraud or Misrepresentation Clause in Contracts

Fraud or Misrepresentation. Each Receivable was originated by a Dealer and was sold by the Dealer to (i) Triad or (ii) a Correspondent, which sold such Receivable to Triad, and Triad sold such Receivable to the Company in any such case, without any fraud or misrepresentation on the part of such Dealer.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Asset Backed Securities Corp), Receivables Purchase Agreement (Triad Financial Corp)

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Fraud or Misrepresentation. Each Receivable was originated (i) by Triad, (ii) by a Dealer and was sold by the Dealer to (i) Triad Triad, or (iiiii) by a Correspondent, which Third-Party Lender and was sold such Receivable by the Third-Party Lender to Triad, and was transferred by Triad sold such Receivable to the Company in any such case, Depositor and by the Depositor to the Issuer without any fraud or misrepresentation on the part of Triad, the Depositor, such DealerDealer or Third-Party Lender in any case.

Appears in 2 contracts

Samples: Purchase Agreement (Triad Automobile Receivables Trust 2003-B), Purchase Agreement (Triad Auto Receivables Trust 2003-A)

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