REPRESENTATIONS AND WARRANTIES 17. Section 3.01 Representations and Warranties of the Sellers and the Servicers on each Purchase Date 17 Section 3.02 Representations and Warranties of the Purchaser 23 Article IV COVENANTS 24 Section 4.01 General Covenants of the Sellers and the Servicers 24 Section 4.02 Further Assurances 27 Article V SERVICING OF PORTFOLIO 27 Section 5.01 Appointment of the Servicers 27 Section 5.02 Servicing of Portfolio 28 Section 5.03 Power of Attorney 29 Section 5.04 Deemed Collections 29 Section 5.05 Application of Collected Amounts 30 Section 5.06 Servicer Advances 30 Article VI CASH MANAGEMENT AND INSURANCE 30 Section 6.01 Transaction Account 30 Section 6.02 Purchaser Discretions 30 Section 6.03 Deposit of Collections 31 Section 6.04 Payment Terms 31 Article VII SERVICER TERMINATION 31 Section 7.01 Servicer Termination Events 31 Section 7.02 Designation of Replacement Servicer 32 Section 7.03 Replacement Servicer Fee 32 Section 7.04 Power of Attorney 33 Section 7.05 Additional Actions Upon a Servicer Termination Event 33 Article VIII CONDITIONS PRECEDENT 34 Section 8.01 Conditions to Initial Purchase 34 Section 8.02 Conditions to Each Purchase 35 Article IX MISCELLANEOUS 35 Section 9.01 Waivers; Amendments 35 Section 9.02 Binding Effect; Assignability 35 Section 9.03 Notices 36 Section 9.04 Indemnification 36 Section 9.05 Confidentiality 37 Section 9.06 Costs and Expenses 37 Section 9.07 Limited Recourse 38 Section 9.08 No Petition 38 Section 9.09 Time of Essence 38 Section 9.10 Failure to Perform 38 Section 9.11 Further Assurances 38 Section 9.12 Remedies 38 Section 9.13 Counterparts; Integration; Effectiveness; Electronic Execution 38 Section 9.14 Severability 39 Section 9.15 Governing Law; Jurisdiction; Consent to Service of Process 39 Section 9.16 Waiver of Jury Trial 39 Schedule A FORM OF PURCHASE NOTICE 45 Annex A RECEIVABLES 46 Schedule B ADDRESSES 47 Schedule C FORM OF SERVICING REPORT 48 Schedule D CREDIT AND COLLECTION POLICIES 49 THIS SALE AND SERVICING AGREEMENT, dated as of August 2, 2018 (this “Agreement”), is made among the Purchaser, the Servicers and the Sellers.
REPRESENTATIONS AND WARRANTIES 17. Section 3.1 Representations and Warranties of the Company 17 Section 3.2 Representations and Warranties of the Purchaser 18 Section 3.3 Investigation 18 PART 4 COVENANTS 18 Section 4.1 Conduct of Business of the Company 18 Section 4.2 Covenants of the Company Relating to the Arrangement 21 Section 4.3 Covenants of the Purchaser Group Relating to the Arrangement 22 Section 4.4 Performance of Purchaser 23 Section 4.5 Further Assurances 23 Section 4.6 Public Communications 23 Section 4.7 Notice and Cure Provisions 23 Section 4.8 Insurance and Indemnification 24 Section 4.9 Exchange Matters 25 Section 4.10 Pre-Closing and Closing Matters 25 Section 4.11 Access to Information 25 Section 4.12 Purchaser Group Financings 25 PART 5 ADDITIONAL COVENANTS REGARDING NON-SOLICITATION 27 Section 5.1 Non-Solicitation 27 Section 5.2 Notification of Acquisition Proposals 29 Section 5.3 Responding to an Acquisition Proposal 29 Section 5.4 Right to Match 30 PART 6 CONDITIONS 32 Section 6.1 Mutual Conditions Precedent 32 Section 6.2 Additional Conditions Precedent to the Obligations of the Purchaser 33 Section 6.3 Additional Conditions Precedent to the Obligations of the Company 35 Section 6.4 Satisfaction of Conditions 36 Section 6.5 Delivered Calculations 36
REPRESENTATIONS AND WARRANTIES 17. Section 4.1 Representations and Warranties of the Seller 17 Section 4.2 Representations and Warranties of the Seller with Respect to Renova 19 Section 4.3 Representations and Warranties of the Buyer 22 Execution Version – July 15th, 2015 ARTICLE V COVENANTS 25 Section 5.1 Consents, authorizations, waivers 25 Section 5.2 Seller Obligation 25 Section 5.3 Renova Financial Reporting 25 Section 5.4 Required Notice to Renova upon the Signing Date and the Closing Date 25 Section 5.5 Seller’s Resignation Letters 26 Section 5.6 Nivel 2 Registration 26 Section 5.7 Shelf Registration 26 Section 5.8 NYSE Listing 26 Section 5.9 Commercially Reasonable Efforts 26 Section 5.10 Interim Covenant 27 Section 5.11 Payment of Dividends 27 Section 5.12 Acquisition of Additional Renova shares 27
REPRESENTATIONS AND WARRANTIES 17. Section 4.1 Representations and Warranties of the Seller 17 Section 4.2 Representations and Warranties of the Initial Collection Agent 21
REPRESENTATIONS AND WARRANTIES 17. Section 6.1 Representations and Warranties of the Members 17 Section 6.2 LIMITATION OF WARRANTIES 19 ARTICLE VII. CAPITAL 19 Section 7.1 Units 19 Section 7.2 Issuance of Units 19 Section 7.3 Capital Accounts 20 Section 7.4 Capital Account Adjustments 20 Section 7.5 Additional Capital Contributions 21 Section 7.6 Negative Capital Accounts 21 Section 7.7 Assignee Capital Accounts 21 TABLE OF CONTENTS (CONT’D) Page
