Common use of Servicing Advance Financing Agreements Clause in Contracts

Servicing Advance Financing Agreements. (a) No Event of Default, Facility Early Amortization Event or Target Amortization Event has occurred and is continuing under any of the Servicing Advance Financing Agreements and no event has occurred that, with the giving of notice or the passage of time, would constitute an Event of Default, Facility Early Amortization Event or Target Amortization Event under any of the Servicing Advance Financing Agreement. (b) The Seller has delivered true and correct copies of each of the Servicing Advance Financing Agreements to the Purchaser. (c) The Seller has delivered to the Purchaser true and correct copies of each of the reports delivered by the Verification Agents pursuant to the Servicing Advance Financing Agreement.