Representations, Warranties and Covenants of Dealer. In addition to the representations and warranties found elsewhere in this Agreement, Dealer represents, warrants and agrees that:
Representations, Warranties and Covenants of Dealer. As of the date of this Agreement, each date Dealer forwards a Credit Application to Company, each date Dealer submits a Contract for sale to Company or sells an F&I Product marketed by Company on behalf of Dealer, and each date Company receives a Credit Application to review and each date Company purchases a Contract from Dealer, Dealer represents, warrants and covenants to Company the following:
Representations, Warranties and Covenants of Dealer. Dealer represents, warrants and covenants to Security Capital Markets Group that the following are true and will remain true throughout the term of this Agreement:
Representations, Warranties and Covenants of Dealer. Dealer represents, warrants and covenants:
Representations, Warranties and Covenants of Dealer. Dealer represents and warrants as follows:
Representations, Warranties and Covenants of Dealer. Dealer hereby represents, warrants and covenants and upon the submission for approval of each Contract thereby reaffirms each of the following representations, warranties and covenants as of the date of such submission:
Representations, Warranties and Covenants of Dealer. Dealer hereby expressly warrants, guarantees, represents and covenants as follows: (1) That the goods or services which are the subject of the contract were owned by the Dealer free of encumbrances, and the Dealer had the legal right to sell the same; (2) That the contract sold to Priority shall be valid and legally enforceable in accordance with the terms and conditions stated therein; (3) That all statements of fact made in the application and other documents accompanying such account contract, by Dealer and account debtor, shall be true and correct and shall continue to be true and correct so long as the account contract remains unpaid; (4) That each and all contracts shall correctly describe the goods covered thereby; (5) That each of the parties to such contract, whether maker or endorser, shall have legal capacity to contract at the time he or she, or it, enters the contract; (6) That the signatures of all parties appearing on each contract shall be true and correct signatures of all parties purported to have signed and that the names shall not be an alias or adopted name; (7) That Dealer has verified the accuracy of the account debtor’s employment and income; (8) That each closed-end contract shall correctly set forth the cash price and the down payment made to Dealer in cash (if any shown) and the amount allowed by Dealer for any property taken in trade, and that the down payment by the account debtor shown in each closed-end contract shall not represent either directly or indirectly a loan from Dealer to the account debtor; (9) That the financial disclosures in each open-end contract shall be true and correct; (10) That the sale of each of the goods covered by each contract shall be a sale at retail value in the regular course of the Dealer’s business; (11) That each of the goods at the time of purchase shall be in the condition represented to the account debtor; (12) That at the time of the sale and assignment of account contracts the merchandise will be in the possession of the account debtor and delivered to the address of the account debtor and that there are no disputes regarding said merchandise; (13) That there shall be no setoffs, counter-claims, or defenses available to any account debtor; (14) That no account contract shall be past due or contested by the account debtor at the time it is sold to Priority hereunder, nor is there any undisclosed delinquency by the account debtor on any account contract; (15) That Priority on the purchase o...
Representations, Warranties and Covenants of Dealer. As of the effective date of this Agreement, each date Dealer forwards a Credit Application to Company, each date Dealer submits a Contract for sale to Company, and each date Company buys a Contract from Dealer, Dealer represents, warrants and covenants the following:
