Common use of Notice of Breach Clause in Contracts

Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to the Sale and Servicing Agreement. The Purchaser, the Seller, the Issuer, the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders in any Receivable.

Appears in 33 contracts

Samples: Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-3 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-2 Owner Trust)

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Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to the Sale and Servicing Agreement. The Purchaser, the Seller, the Issuer, the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders in any Receivable.

Appears in 18 contracts

Samples: Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2015-4 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2014-4 Owner Trust)

Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to the Sale and Servicing Agreement. The Purchaser, the Seller, the Issuer, the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s 's representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders in any Receivable.

Appears in 8 contracts

Samples: Receivables Purchase Agreement (American Honda Receivables Corp), Receivables Purchase Agreement (Honda Auto Receivables 2006-2 Owner Trust), Receivables Purchase Agreement (American Honda Rec Corp Honda Auto Rec 03 3 Owner Trust)

Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to Article Two of the Sale and Servicing Agreement. The Purchaser, the Seller, the Issuer, Seller or the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s 's representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders Purchaser (or any assignee thereof) in any Receivable.

Appears in 6 contracts

Samples: Receivables Purchase Agreement (Toyota Motor Credit Corp), Receivables Purchase Agreement (Toyota Motor Credit Corp), Receivables Purchase Agreement (Toyota Motor Credit Receivables Corp)

Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to the Sale and Servicing Agreement. The Purchaser, the Seller, the Issuer, the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s 's representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders in any Receivable.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Honda Auto Receivables 2007-3 Owner Trust), Receivables Purchase Agreement (American Honda Receivables 2006-1 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2007-1 Owner Trust)

Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to the Sale and Servicing Agreement. The Purchaser, the Seller, the Issuer, Issuer and the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders in any Receivable.

Appears in 4 contracts

Samples: Receivables Purchase Agreement (Honda Auto Receivables 2012-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2012-2 Owner Trust), Receivables Purchase Agreement (Honda Auto Receivables 2012-1 Owner Trust)

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Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to Article Two of the Sale and Servicing Agreement. The Purchaser, Purchaser or the Seller, the Issuer, or the Owner Trustee, the Delaware Trustee or the Indenture Trustee, as the case may be, shall inform the other parties party promptly, in writing, upon discovery of any breach of the Seller’s representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders Purchaser (or any assignee thereof) in any Receivable.

Appears in 3 contracts

Samples: Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC), Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC), Receivables Purchase Agreement (Toyota Auto Finance Receivables LLC)

Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to Article Two of the Sale [Pooling and Servicing Agreement][Sale and Servicing Agreement]. The Purchaser, the Seller, the Issuer, the Owner Trustee, the Delaware Trustee Seller or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s 's representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders any [Certificateholders] [Securityholders] in any Receivable.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Toyota Motor Credit Corp), Receivables Purchase Agreement (Toyota Motor Credit Corp)

Notice of Breach. The representations and warranties set forth in this Section shall speak as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Receivables to the Purchaser and any subsequent assignment or transfer pursuant to the Sale and Servicing Agreement. The Purchaser, the Seller, the Issuer, the Owner Trustee, the Delaware Trustee Truste or the Indenture Trustee, as the case may be, shall inform the other parties promptly, in writing, upon discovery of any breach of the Seller’s representations and warranties pursuant to this Section which materially and adversely affects the interests of the Noteholders in any Receivable.

Appears in 1 contract

Samples: Receivables Purchase Agreement (Honda Auto Receivables 2009-2 Owner Trust)

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