Representations, Warranties and Covenants of Depositor. The Depositor makes the following representations, warranties and covenants to the Issuer, the Sponsor, the Servicer, the Custodian, the Administrator and the Indenture Trustee, on which the Issuer relies in accepting the Receivables and delivering the Securities. Such representations, warranties and covenants speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale, transfer and assignment of the Receivables by the Depositor to the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
Appears in 23 contracts
Samples: Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2024-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2022-A)
Representations, Warranties and Covenants of Depositor. The Depositor makes the following representations, warranties and covenants to the Issuer, the Sponsor, the Servicer, the Custodian, the Administrator Indenture Trustee and the Indenture Trustee, Seller and on which the Issuer relies in accepting the Receivables and delivering the Securities. Such representations, warranties and covenants speak as of the execution and delivery of this Agreement and as of the Closing Date, and shall survive the sale, transfer and assignment of the Receivables by the Depositor to the Issuer and the pledge thereof to the Indenture Trustee pursuant to the Indenture.
Appears in 10 contracts
Samples: Sale and Servicing Agreement (BMW Fs Securities LLC), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2011-A), Sale and Servicing Agreement (BMW Vehicle Owner Trust 2011-A)
Representations, Warranties and Covenants of Depositor. The Depositor hereby makes the following representations, warranties and covenants to the IssuerTrustee, the Sponsor, the Servicer, the Custodian, the Administrator Certificate Insurer and the Indenture Trustee, Certificateholders on which the Issuer Trustee relies in accepting the Receivables in trust and delivering in authenticating the SecuritiesCertificates. Such representations, warranties and covenants speak as of the execution and delivery of this Agreement and are made as of the Closing Date, Date and shall survive the sale, transfer and assignment of the Receivables by the Depositor to the Issuer Trustee, until the Certificates have been paid in full. The Depositor represents and the pledge thereof warrants, as to the Indenture Trustee pursuant to the Indenture.itself:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Painewebber Asset Acceptance Corp), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC)