Common use of Representations and Warranties from Receivables Transfer Agreements and Transfer and Servicing Agreement Clause in Contracts

Representations and Warranties from Receivables Transfer Agreements and Transfer and Servicing Agreement. Each Originator and the Servicer severally will make, as of each Acquisition Date, the Group Eligibility Representation with respect to a Group for the Receivables being transferred and absolutely assigned by such Originator or any Additional Transferor, respectively, on that date, and designated to that Group and such Originator or the Servicer, as applicable, has consented to the transfer by the Depositor to the Trust of the Depositor’s rights to such Group Eligibility Representation. The Trust is relying on each applicable Originator’s or the Servicer’s Group Eligibility Representation, as applicable, in acquiring the Receivables and designating such Receivables as Group Receivables, which Group Eligibility Representation will survive the transfer and absolute assignment of the Receivables by the Depositor to the Trust under this Agreement and the pledge of the Receivables to the Master Collateral Agent under the Master Collateral Agreement.