Securitization Facility Compliance Sample Clauses
The Securitization Facility Compliance clause sets out the requirements and obligations a party must meet to remain in good standing under a securitization facility agreement. It typically outlines specific financial covenants, reporting duties, and operational standards that must be maintained, such as timely submission of financial statements or adherence to asset quality thresholds. By clearly defining these compliance standards, the clause ensures ongoing eligibility for funding and helps prevent defaults, thereby protecting both the lender’s and borrower’s interests in the securitization arrangement.
Securitization Facility Compliance. The Securitization Purchase Agreement, the Receivables Purchase Agreement and the Securitization Guaranty are each in full force and effect.
Securitization Facility Compliance. Each Securitization Facility Document is in full force and effect. Each of the Sellers, the Securitization Guarantor and the Securitization Servicer is in compliance in all material respects with all covenants and other obligations and undertakings applicable to it under the Securitization Facility Documents, and each of the representations and warranties made by any of the Sellers, the Securitization Guarantor or the Securitization Servicer as of such Purchase Date (or if not made as of such Purchase Date, as of the date when last made) under the Securitization Facility Documents is true and correct in all material respects as of such date (except that any such representation or warranty that is subject to any materiality qualification is true and correct in all respects).
Securitization Facility Compliance. The Securitization Purchase Agreement, the Securitization Sale Agreement and the Securitization Guaranty are each in full force and effect. Each Seller Party is in compliance in all material respects with all covenants and other obligations and undertakings applicable to it under the Securitization Facility Documents, and each of the representations and warranties made by each Seller Party as of such Purchase Date (or if not made as of such Purchase Date, as of the date when last made) under the Securitization Facility Documents is true and correct in all material respects as of such date (except that any such representation or warranty that is subject to any materiality qualification is true and correct in all respects).
Securitization Facility Compliance. The Securitization Purchase Agreement, the Securitization Loan Agreement and the Securitization Guaranty are each in full force and effect. Each of the Sellers and the Securitization Servicer is in compliance in all material respects with all covenants and other obligations and undertakings applicable to it under the Securitization Facility Documents, and each of the representations and warranties made by any of the Sellers or the Securitization Servicer as of such Purchase Date (or if not made as of such Purchase Date, as of the date when last made) under the Securitization Facility Documents is true and correct in all material respects as of such date (except that any such representation or warranty that is subject to any materiality qualification is true and correct in all respects), excluding those representations or warranties set forth in Sections 4.2(a), (c), (l), and (r) of the Securitization Purchase Agreement so long as no breach thereof has resulted in a Purchase and Sale Termination Event.