Common use of Representations of Party B Clause in Contracts

Representations of Party B. As an inducement to Party A for entering into this Agreement and each Transaction hereunder, Party B represents that for the purposes of the Pooling and Servicing Agreement: (i) Party A is a “Hedge Counterparty”; (ii) each Transaction entered into between Party A and Party B hereunder is a “Hedge Agreement”.

Representations of Party B. As an inducement to Party A for entering into this Agreement and each Transaction hereunder, Party B represents that for the purposes of the Pooling and Servicing AgreementIndenture: (i) Party A is a “Hedge Swap Counterparty” and a “Cap Counterparty”;, (ii) each Transaction entered into between Party A and Party B hereunder is a “Hedge Swap Agreement” or a “Cap Agreement” and (iii) any net payments (a difference between a Fixed and a Floating Amount) due to Party A under each Swap Agreement is a “Swap Amount”.

Representations of Party B. As an inducement to Party A for entering into this Agreement and each Transaction hereunder, Party B represents that for the purposes of the Pooling and Servicing Agreement: (i) Party A is a “Hedge Counterparty”;, (ii) each Transaction entered into between Party A and Party B hereunder is a “Hedge Agreement” and (iii) any net payments (a difference between a Fixed and a Floating Amount) due to Party A under each Cap Agreement is a “Cap Amount”.

Representations of Party B. As an inducement to Party A for entering into this Agreement and each Transaction hereunder, Party B represents that for the purposes of the Pooling and Servicing AgreementIndenture: (i) Party A is a “Hedge Swap Counterparty”;, (ii) each Transaction entered into between Party A and Party B hereunder is a “Hedge Swap Agreement” or a “Cap Agreement” and (iii) any net payments (a difference between a Fixed and a Floating Amount) due to Party A under each Swap Agreement is a “Swap Amount”.