Common use of Originator’s Certifications Clause in Contracts

Originator’s Certifications. Each Originator transferring Receivables on such Acquisition Date severally certifies solely with respect to itself that: (A) as of such Acquisition Date, (1) such Originator is Solvent and will not become insolvent as a result of the absolute assignment of the related Receivables on the Acquisition Date, (2) such Originator does not intend to incur or believe that it would incur debts that would be beyond the Originator’s ability to pay as the debts matured and (3) the transfer and absolute assignment of the related Receivables is not made by such Originator with actual intent to hinder, delay or defraud any Person; and (B) each of such Originator’s representations and warranties in Section 3.1 (solely with respect to such Originator) and Sections 3.2 and 3.3 (solely with respect to the related Receivables transferred on such Acquisition Date) will be true and correct as of such Acquisition Date.