Representations Regarding the Receivables Sample Clauses
The "Representations Regarding the Receivables" clause sets out specific statements or assurances made by one party about the nature, quality, and status of the receivables being transferred or sold. Typically, these representations may address whether the receivables are valid, enforceable, free from prior claims, and not subject to disputes or offsets. By requiring these assurances, the clause helps the receiving party assess the risk and value of the receivables, ensuring that they are acquiring assets that meet agreed-upon standards and reducing the likelihood of future disputes over their legitimacy.
Representations Regarding the Receivables. The representations and warranties set forth on Schedule B-1 with respect to the Receivables as of the Cutoff Date, and as of the Closing Date, are true and correct.
Representations Regarding the Receivables. The representations and warranties set forth on Schedule B-1 with respect to the [Initial] Receivables as of the date hereof, and as of the Closing Date [and with respect to the Subsequent Receivables as of the related Subsequent Transfer Date], are true and correct.