Common use of Representations and Warranties of HARC Clause in Contracts

Representations and Warranties of HARC. As of the Purchase Date, HARC hereby makes the representations and warranties to Seller that are set forth in Section 3.2 of the Purchase Agreement with respect to the Conveyance effected hereby to the same extent as if set forth in full herein. In the event of any breach of a representation and warranty made by HARC hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full. Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties and the related Owner Trustee on behalf of the related Certificateholders.

Appears in 13 contracts

Samples: Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (HSBC Automotive Trust (USA) 2006-1), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-2)

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Representations and Warranties of HARC. As of the Purchase Date, HARC hereby makes the representations and warranties to the Seller that are set forth in Section 3.2 of the Purchase Agreement with respect to the Conveyance effected hereby to the same extent as if set forth in full herein. In the event of any breach of a representation and warranty made by HARC hereunder, the Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full. Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties Noteholders and the related Owner Trustee on behalf of the related Certificateholders.

Appears in 6 contracts

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (Household Automotive Trust 2004-1)

Representations and Warranties of HARC. As of the Purchase Date, HARC hereby makes the representations and warranties to the Seller that are set forth in Section 3.2 of the Purchase Agreement with respect to the Conveyance effected hereby to the same extent as if set forth in full herein. In the event of any breach of a representation and warranty made by HARC hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full. Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties Noteholders and the related Owner Trustee on behalf of the related Certificateholders.

Appears in 5 contracts

Samples: Master Receivables Purchase Agreement (Household Automotive Trust 2001-1), Master Receivables Purchase Agreement (Household Automotive Trust Vi Series 2000 3), Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Representations and Warranties of HARC. As of the Purchase Date, HARC hereby makes the representations and warranties to Seller that are set forth in Section 3.2 of the Purchase Agreement with respect to the Conveyance effected hereby to the same extent as if set forth in full herein. In the event of any breach of a representation and warranty made by HARC hereunder, the Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full. The Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties Noteholders and the related Owner Trustee on behalf of the related Certificateholders.

Appears in 4 contracts

Samples: Master Receivables Purchase Agreement (HSBC Automotive Trust 2005-1), Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Automotive Trust 2004-1)

Representations and Warranties of HARC. As of the Purchase Date, HARC hereby makes the representations and warranties to Seller that are set forth in Section 3.2 of the Purchase Agreement with respect to the Conveyance effected hereby to the same extent as if set forth in full herein. In the event of any breach of a representation and warranty made by HARC hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full. Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties Noteholders and the related Owner Trustee on behalf of the related Certificateholders.

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp)

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Representations and Warranties of HARC. As of the Purchase Date, HARC hereby makes the representations and warranties to the Seller that are set forth in Section 3.2 of the Purchase Agreement with respect to the Conveyance effected hereby to the same extent as if set forth in full herein. In the event of any breach of a representation and warranty made by HARC hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full. Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties Noteholders and the related Owner Trustee on behalf of the related Certificateholders.

Appears in 2 contracts

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp), Master Receivables Purchase Agreement (Household Auto Receivables Corp)

Representations and Warranties of HARC. As of the Purchase Date, HARC hereby makes the representations and warranties to Seller seller that are set forth in Section 3.2 of the Purchase Agreement with respect to the Conveyance effected hereby to the same extent as if set forth in full herein. In the event of any breach of a representation and warranty made by HARC hereunder, Seller covenants and agrees that it will not take any action to pursue any remedy that it may have hereunder, in law, in equity or otherwise, until a year and a day have passed since the date on which all Notes and Certificates issued by the Trust have been paid in full. Seller and HARC agree that damages will not be an adequate remedy for such breach and that this covenant may be specifically enforced by HARC, the related Issuer or by the related Indenture Trustee on behalf of the related Secured Parties and the related Owner Trustee on behalf of the related Certificateholders.

Appears in 1 contract

Samples: Master Receivables Purchase Agreement (Household Auto Receivables Corp)

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