Common use of Representations, Warranties and Covenants with respect to ERISA Clause in Contracts

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 2011-1 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 2011-1 Note will not be), is not acting on behalf of (and for so long as it holds such Series 2011-1 Note will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 2011-1 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

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Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112009-1 3 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112009-1 3 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112009-1 3 Note will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112009-1 3 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112009-1 4 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112009-1 4 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112009-1 4 Note will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112009-1 4 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112010-1 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112010-1 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112010-1 Note will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112010-1 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112009-1 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112009-1 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112009-1 Note Note) will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112009-1 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.. ARTICLE IV RIGHTS OF SERIES 2009-1 NOTEHOLDERS AND ALLOCATION AND APPLICATION OF COLLECTIONS

Appears in 2 contracts

Samples: Ge Dealer (GE Dealer Floorplan Master Note Trust), Ge Dealer (GE Dealer Floorplan Master Note Trust)

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112010-1 3 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112010-1 3 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112010-1 3 Note will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112010-1 3 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112010-1 2 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112010-1 2 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112010-1 2 Note will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112010-1 2 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 2011-1 2 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 2011-1 2 Note will not be), is not acting on behalf of (and for so long as it holds such Series 2011-1 2 Note will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 2011-1 2 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112007-1 4 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112007-1 4 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112007-1 Note 4 Note) will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112007-1 4 Note will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any Similar Lawsubstantially similar applicable law.

Appears in 1 contract

Samples: GE Capital Credit Card Master Note Trust

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Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112007-1 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112007-1 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112007-1 Note Note) will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112007-1 Note will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any Similar Lawsubstantially similar applicable law.

Appears in 1 contract

Samples: GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112007-1 2 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112007-1 2 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112007-1 Note 2 Note) will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112007-1 2 Note will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any Similar Lawsubstantially similar applicable law.

Appears in 1 contract

Samples: GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112009-1 2 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112009-1 2 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112009-1 Note 2 Note) will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112009-1 2 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 1 contract

Samples: GE Capital Credit Card Master Note Trust

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112007-1 3 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112007-1 3 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112007-1 Note 3 Note) will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112007-1 3 Note will not result in a non-exempt prohibited transaction under Section 406 of ERISA or Section 4975 of the Code or a violation of any Similar Lawsubstantially similar applicable law.

Appears in 1 contract

Samples: RFS Holding LLC

Representations, Warranties and Covenants with respect to ERISA. By acquiring a Series 20112009-1 Note, each purchaser and transferee shall be deemed to represent and warrant that either (i) it is not (and for so long as it holds such Series 20112009-1 Note will not be), is not acting on behalf of (and for so long as it holds such Series 20112009-1 Note Note) will not be acting on behalf of), and is not investing the assets of a Benefit Plan or (ii) its acquisition, continued holding and disposition of such Series 20112009-1 Note will not result in a non-exempt prohibited transaction under ERISA or Section 4975 of the Code or a violation of any Similar Law.

Appears in 1 contract

Samples: RFS Holding LLC

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