Common use of Servicing Advance Financing Agreements Clause in Contracts

Servicing Advance Financing Agreements. (a) Other than those Servicing Agreements set forth on Schedule V, all of the Servicing Agreements are “Facility Eligible Servicing Agreements,” and each Servicer Advance and each DSF owned by a special purpose vehicle in connection with any Servicing Advance Financing Agreement is a “Facility Eligible Receivable,” each as defined under the Servicing Advance Financing Agreements. Each Servicing Agreement has been approved under a Servicing Advance Financing Agreement and, as of the date hereof, the eligibility of the related Servicing Advance Receivables, DSF and related eligibility categorization of the Servicing Advance Receivables as set forth on Schedule 1 of each of the Indentures referenced in the definition of “Servicing Advance Financing Agreement” is true and correct. (b) All of the representations and warranties of Seller in the Servicing Advance Financing Agreements are true and correct in all material respects. (c) Each of Seller and its Affiliates have complied in all material respects with the terms of the existing Servicing Advance Financing Agreements.

Servicing Advance Financing Agreements. (a) Other than those Servicing Agreements set forth on Schedule V, all of the Servicing Agreements are “Facility Eligible Servicing Agreements,” and each Servicer Advance and each DSF owned by a special purpose vehicle in connection with any Servicing an Advance Financing Agreement SPE is a “Facility Eligible Receivable,” each as defined under the Servicing Advance Financing Agreements. Each Servicing Agreement has been approved under a Servicing Advance Financing Agreement and, as of the date hereof, the eligibility of the related Servicing Advance Receivables, DSF and related eligibility categorization of the Servicing Advance Receivables as set forth on Schedule 1 of each of the Indentures referenced in the definition of “Servicing Advance Financing Agreement” is true and correct. (b) All of the representations and warranties of Seller in the Servicing Advance Financing Agreements are true and correct in all material respects. (c) Each of Seller and its Affiliates have complied in all material respects with the terms of the existing Servicing Advance Financing Agreements.