REPRESENTATIONS AND WARRANTIES OF AFL. AFL makes the following representations and warranties, on which ARFC relies in purchasing the Initial Receivables and the Initial Other Conveyed Property and in transferring the Initial Receivables and the Initial Other Conveyed Property to the Trust under the Sale and Servicing Agreement and on which the Security Insurer will rely in issuing the Note Policy. Such representations are made as of the execution and delivery of this Agreement, but shall survive the sale, transfer and assignment of the Initial Receivables and the Initial Other Conveyed Property hereunder and the sale, transfer and assignment thereof by ARFC to the Trust under the Sale and Servicing Agreement. AFL and ARFC agree that ARFC will assign to the Trust all of ARFC's rights under this Agreement and that the Trust will thereafter be entitled to enforce this Agreement against AFL in the Trust's own name.
Appears in 11 contracts
Samples: Receivables Purchase Agreement (Arcadia Receivables Finance Corp), Receivables Purchase Agreement and Assignment (Olympic Receivables Finance Corp), Receivables Purchase Agreement and Assignment (Arcadia Receivables Finance Corp)
