Common use of Retention of Net Economic Interest Letter Clause in Contracts

Retention of Net Economic Interest Letter. The Transferor shall perform its obligations under the Retention of Net Economic Interest Letter and, upon a Responsible Officer of the Transferor becoming aware thereof, shall promptly notify the Issuer of any breach of a representation, warranty or agreement contained in the Retention of Net Economic Interest Letter.

Retention of Net Economic Interest Letter. The Transferor shall perform its obligations under the Retention of Net Economic Interest Letter and, upon a Responsible Officer of the Transferor becoming aware thereof, and shall promptly notify the Issuer of any breach of a representation, warranty or agreement contained in the Retention of Net Economic Interest Letter.