Common use of Representations and Undertakings of Transferor Clause in Contracts

Representations and Undertakings of Transferor. (a) The Transferor makes the following representations on which the Trust relies in accepting the Receivables in trust and executing and authenticating the Certificate and undertaking its obligations under the Indenture and on which the Insurer will rely in issuing the Policy. The Transferor agrees that the representations shall also be for the benefit of the Secured Parties. The representations speak as of the execution and delivery of this Agreement and shall survive the sale of the Receivables to the Trust and the subsequent pledge of the Receivables to the Indenture Trustee.

Representations and Undertakings of Transferor. (a) The Transferor makes the following representations on which the Trust relies in accepting the Receivables in trust and executing and authenticating the Certificate Certificates and undertaking its obligations under the Indenture and on which the Insurer will rely in issuing the PolicyIndenture. The Transferor agrees that the representations shall also be for the benefit of the Secured Parties. The representations speak as of the execution and delivery of this Agreement and shall survive the sale of the Receivables to the Trust and the subsequent pledge of the Receivables receivables to the Indenture Trustee.