Notice of Breach. The Purchaser or the Seller, 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 set forth in Section 3.4 which materially and adversely affects the interests of the Purchaser, the Issuer or the Noteholders in any Receivable.
Appears in 75 contracts
Samples: Receivables Purchase Agreement (CarMax Auto Owner Trust 2024-3), Receivables Purchase Agreement (Carmax Auto Funding LLC), Receivables Purchase Agreement (Carmax Auto Funding LLC)
Notice of Breach. The Purchaser or Purchaser, the Seller, the Issuer or either 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 set forth in pursuant to Section 3.4 3.03(a) which materially and adversely affects the interests of the Purchaser, the Issuer or the Noteholders in any Receivable.
Appears in 4 contracts
Samples: Receivables Purchase Agreement (Mercedes-Benz Auto Receivables Trust 2015-1), Receivables Purchase Agreement (Mercedes-Benz Auto Receivables Trust 2013-1), Receivables Purchase Agreement (Mercedes Benz Auto Receivables Trust 2012-1)
Notice of Breach. The Purchaser Purchaser, the Seller, the Issuer, the Owner Trustee or the SellerIndenture 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 set forth in pursuant to Section 3.4 3.03(a) which materially and adversely affects the interests of the Purchaser, the Issuer or the Noteholders in any Receivable.
Appears in 2 contracts
Samples: Receivables Purchase Agreement (Wachovia Auto Loan Owner Trust 2007-1), Receivables Purchase Agreement (Wachovia Auto Owner Trust 2008-A)
Notice of Breach. The Purchaser Purchaser, the Seller, the Issuer, the Owner Trustee or the SellerIndenture 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 set forth in pursuant to Section 3.4 3.03(a) which materially and adversely affects the interests of the Purchaser, the Issuer or the Noteholders in any Receivable.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Pooled Auto Securities Shelf LLC)
