Common use of Representations and Warranties as to Each Receivable Clause in Contracts

Representations and Warranties as to Each Receivable. Seller hereby makes the representations and warranties set forth in Section 3.3 of the Purchase Agreement as of the Closing Date as to each Receivable conveyed by it to Purchaser hereunder on which Purchaser shall rely in acquiring the Receivables. References to “Transferor” and “Purchaser” therein shall be deemed to mean the Seller and Purchaser hereunder, respectively. Such representations and warranties shall survive the sale, transfer and assignment of the Receivables to Purchaser hereunder, the subsequent sale, transfer and assignment of the Receivables to ACE Securities Corp. under the Purchase Agreement, the subsequent sale, transfer and assignment of the Receivables to Issuer under the Sale and Servicing Agreement, and the pledge thereof to Indenture Trustee pursuant to the Indenture.

Representations and Warranties as to Each Receivable. Seller hereby makes the representations and warranties set forth in Section 3.3 of the Purchase Agreement as of the Closing Date as to each Receivable conveyed by it to Purchaser hereunder on which Purchaser shall rely in acquiring the Receivables. References to “Transferor” and “Purchaser” therein shall be deemed to mean the Seller and Purchaser hereunderPurchaser, respectively. Such representations and warranties shall survive the sale, transfer and assignment of the Receivables to Purchaser hereunder, the subsequent sale, transfer and assignment of the Receivables to ACE Securities Corp. under the Purchase Agreement, the subsequent sale, transfer and assignment of the Receivables to Issuer under the Sale and Servicing Agreement, and the pledge thereof to Indenture Trustee pursuant to the Indenture.