Separate Corporate Existence. RPA Seller hereby acknowledges that the Indenture Trustee, the Owner Trustee, the Holders and the Issuer are, and will be, entering into the transactions contemplated by the Transaction Documents in reliance upon Purchaser’s identity as a legal entity separate from RPA Seller, the Servicer and any other Person. Therefore, RPA Seller shall take all reasonable steps to maintain its existence as a corporation separate and apart from Purchaser and to make it apparent to third parties that RPA Seller is an entity with assets and liabilities distinct from those of Purchaser and that Purchaser is not a division of RPA Seller.
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)
Separate Corporate Existence. RPA Seller hereby acknowledges that the Indenture Trustee, the Owner TrusteeCertificate Trust, each Credit Enhancement Provider and the Holders and the Issuer are, and will be, entering into the transactions contemplated by the Transaction Documents in reliance upon Purchaser’s identity as a legal entity separate from RPA Seller, the Servicer and any other Person. Therefore, RPA Seller shall take all reasonable steps to maintain its existence as a corporation separate and apart from Purchaser and to make it apparent to third parties that RPA Seller is an entity with assets and liabilities distinct from those of Purchaser and that Purchaser is not a division of RPA Seller.
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)
Separate Corporate Existence. The RPA Seller hereby acknowledges that the Indenture Trustee, the Owner Trustee, the Holders and the Issuer Trust are, and will be, entering into the transactions contemplated by the Transaction Documents in reliance upon Purchaser’s identity as a legal entity separate from RPA Seller, the Servicer and any other Person. Therefore, RPA Seller shall take all reasonable steps to maintain its existence as a corporation separate and apart from Purchaser and to make it apparent to third parties that RPA Seller the is an entity with assets and liabilities distinct from those of Purchaser and that Purchaser is not a division of RPA Seller.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Alliance Data Systems Corp)
Separate Corporate Existence. The RPA Seller hereby acknowledges that the Indenture Trustee, the Owner Trustee, Trustee and the Holders and the Issuer are, and will be, entering into the transactions contemplated by the Transaction Documents in reliance upon Purchaser’s identity as a legal entity separate from RPA Seller, the Servicer and any other Person. Therefore, RPA Seller shall take all reasonable steps to maintain its existence as a corporation separate and apart from Purchaser and to make it apparent to third parties that RPA Seller the is an entity with assets and liabilities distinct from those of Purchaser and that Purchaser is not a division of RPA Seller.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Alliance Data Systems Corp)
Separate Corporate Existence. The RPA Seller hereby acknowledges that the Indenture Trustee, the Owner Trustee, the Holders and the Issuer Trust are, and will be, entering into the transactions contemplated by the Transaction Documents in reliance upon Purchaser’s identity as a legal entity separate from RPA Seller, the Servicer and any other Person. Therefore, RPA Seller shall take all reasonable steps to maintain its existence as a corporation separate and apart from Purchaser and to make it apparent to third parties that RPA Seller it is an entity with assets and liabilities distinct from those of Purchaser and that Purchaser is not a division of RPA Seller.
Appears in 1 contract
Samples: Receivables Purchase Agreement (Bread Financial Holdings, Inc.)
Separate Corporate Existence. RPA Seller The hereby acknowledges that the Indenture Certificate Trust Trustee, the Owner Indenture Trustee, the Holders and the Issuer are, and will be, entering into the transactions contemplated by the Transaction Documents in reliance upon Purchaser’s 's identity as a legal entity separate from RPA Seller, the Servicer and any other Person. Therefore, RPA Seller shall take all reasonable steps to maintain its existence as a corporation separate and apart from Purchaser and to make it apparent to third parties that RPA Seller the is an entity with assets and liabilities distinct from those of Purchaser and that Purchaser is not a division of RPA Seller.
Appears in 1 contract
Samples: Receivables Purchase Agreement (World Financial Network Credit Card Master Trust)
