RPA Seller Covenants. RPA Seller shall deliver to Purchaser: (i) within sixty (60) days after the end of each quarterly fiscal period in its fiscal year, copies of its unconsolidated financial statements, certified as complete and correct, subject to normal changes resulting from year-end audit adjustments, by its chief financial officer; (ii) within ninety (90) days after the end of its fiscal year, copies of consolidated financial statements for such year, certified by independent accountants of nationally recognized standing selected by it or, if no such unconsolidated certified financial statements are prepared, the consolidated financial statements of the parent of such party certified by independent accountants of nationally recognized standing selected by it; (iii) promptly upon a Responsible Officer’s becoming aware thereof, written notice of material changes in the terms of the Accounts or servicing and collection policies of Servicer which may reasonably be expected to have a material adverse effect on the interests of Purchaser and its assignees; and (iv) promptly upon a Responsible Officer’s becoming aware thereof, written notice of material litigation or regulatory action which is commenced against RPA Seller which may reasonably be expected to have a material adverse effect on the interests of Purchaser or its assignees.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (Cabela's Master Credit Card Trust), Receivables Purchase Agreement (Cabela's Master Credit Card Trust), Receivables Purchase Agreement (Cabela's Credit Card Master Note Trust)
RPA Seller Covenants. RPA Seller shall deliver to PurchaserPurchaser and Indenture Trustee:
(i) within sixty (60) 60 days after the end of each quarterly fiscal period in its fiscal year, copies of its unconsolidated financial statements, certified as complete and correct, subject to normal changes resulting from year-end audit adjustments, by its chief financial officer;
(ii) within ninety (90) 90 days after the end of the its fiscal year, copies of consolidated financial statements for such year, certified by independent accountants of nationally recognized standing selected by it or, if no such unconsolidated certified financial statements are prepared, the consolidated financial statements of the parent of such party certified by independent accountants of nationally recognized standing selected by it;
(iii) promptly upon a Responsible Officer’s becoming aware thereof, written notice of material changes in the terms of the Accounts or servicing and collection policies of Servicer which may reasonably be expected to have a material adverse effect on the interests of Purchaser and its assigneesthe Noteholders; and
(iv) promptly upon a Responsible Officer’s becoming aware thereof, written notice of material litigation or regulatory action which is commenced against RPA Seller or Servicer which may reasonably be expected to have a material adverse effect on the interests of Purchaser or its assigneesthe Noteholders.
Appears in 3 contracts
Samples: Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (First National Funding LLC), Receivables Purchase Agreement (First National Master Note Trust)
RPA Seller Covenants. RPA Seller shall deliver to PurchaserPurchaser and Indenture Trustee:
(i) within sixty (60) 60 days after the end of each quarterly fiscal period in its fiscal year, copies of its unconsolidated financial statements, certified as complete and correct, subject to normal changes resulting from year-end audit adjustments, by its chief financial officer;
(ii) within ninety (90) 90 days after the end of the its fiscal year, copies of consolidated financial statements for such year, certified by independent accountants of nationally recognized standing selected by it or, if no such unconsolidated certified financial statements are prepared, the consolidated financial statements of the parent of such party certified by independent accountants of nationally recognized standing selected by it;
(iii) promptly upon a Responsible Officer’s 's becoming aware thereof, written notice of material changes in the terms of the Accounts or servicing and collection policies of Servicer which may reasonably be expected to have a material adverse effect on the interests of Purchaser and its assigneesthe Noteholders; and
(iv) promptly upon a Responsible Officer’s 's becoming aware thereof, written notice of material litigation or regulatory action which is commenced against RPA Seller or Servicer which may reasonably be expected to have a material adverse effect on the interests of Purchaser or its assigneesthe Noteholders.
Appears in 1 contract
Samples: Receivables Purchase Agreement (First Bankcard Master Credit Card Trust)