OBLIGOR CREDIT HISTORY Sample Clauses

OBLIGOR CREDIT HISTORY. The Obligor with respect to each CPS Receivable (i) did not (or, in the case of Subsequent Receivables, will not) have any material past due credit obligations or any repossessions or garnishments of property within one year before the date of application, unless such amounts were repaid or discharged through bankruptcy (other than such an Obligor that was then the subject of any Federal, State or other bankruptcy, insolvency or similar proceeding and had completed a meeting held pursuant to Section 341(a) of the Bankruptcy Code); (ii) was not (or, in the case of Subsequent Receivables, will not be) the subject of any Federal, State or other bankruptcy, insolvency or similar proceeding that had not completed a meeting held pursuant to Section 341(a) of the Bankruptcy Code or had been discharged; and (iii) had not (or, in the case of Subsequent Receivables, will not have) been the subject of more than one such bankruptcy proceeding. The representations and warranties set forth above in paragraphs (k) and (l) shall survive the termination of the Sale and Servicing Agreement and may not be waived in whole or in part. EXHIBIT A SUBSEQUENT TRANSFER AGREEMENT TRANSFER No. __ of Subsequent Receivables pursuant to the Sale and Servicing Agreement, dated as of April 1, 2007, among CPS AUTO RECEIVABLES TRUST 2007-TFC, a Delaware statutory trust (the "Issuer"), CPS RECEIVABLES TWO CORP., a Delaware corporation (the "Seller"), CONSUMER PORTFOLIO SERVICES, INC. a California corporation (the "Servicer"), and XXXXX FARGO BANK, NATIONAL ASSOCIATION, a national banking association, in its capacity as Trustee (in such capacity, the "Trustee"), and Backup Servicer (in such capacity, the "Backup Servicer").