Common use of Sponsor’s Representations and Warranties About Pool of Receivables Clause in Contracts

Sponsor’s Representations and Warranties About Pool of Receivables. The Sponsor makes the following representations and warranties about the pool of Receivables on which the Depositor is relying in purchasing the Purchased Property. The representations and warranties are made as of the Closing Date and will survive the sale and assignment of the Purchased Property by the Sponsor to the Depositor under this Agreement and by the Depositor to the Issuer under the Sale and Servicing Agreement and the pledge of the Purchased Property by the Issuer to the Indenture Trustee under the Indenture.

Appears in 53 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-D), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Owner Trust 2024-C)

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Sponsor’s Representations and Warranties About Pool of Receivables. The Sponsor makes the following representations and warranties about the pool of Receivables on which the Depositor is relying in purchasing the Purchased Property. The representations and warranties are made as of the Closing Date and will survive the sale and assignment of the Purchased Property by the Sponsor to the Depositor under this Agreement and by the Depositor to the Issuer under the Sale and Servicing Agreement and the pledge of the Purchased Property by the Issuer to the Indenture Trustee under the Indenture.

Appears in 5 contracts

Samples: Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC), Receivables Purchase Agreement (Ford Credit Auto Receivables Two LLC)

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