Common use of Servicer Representations and Warranties About Group Receivables Clause in Contracts

Servicer Representations and Warranties About Group Receivables. With respect to any Re-Designated Receivable, the Servicer represents and warrants that such Re-Designated Receivable is a Group Eligible Receivable with respect to the Group to which such Receivable is to be re-designated in accordance with the Master Collateral Agreement. Such Group Eligibility Representation is made as of the Re-Designation Date for the related Receivables. Such representation and warranty is made as of the Re-Designation Date for the related Receivables. Any inaccuracy in the Group Eligibility Representation will be deemed not to constitute a breach of the Group Eligibility Representation if such inaccuracy does not affect the ability of the Trust to receive and retain payment in full on such Receivable on the terms and conditions and within the timeframe set forth in the underlying device payment plan agreement and does not have a material adverse effect on the Credit Extensions related to the Group to which such Receivables have been re-designated. The Trust is relying on the Servicer’s Group Eligibility Representation in re-designating a Receivable from one Group to a different Group.