Representations and Warranties Regarding the Trust Depositor 17 Section 3.02. Representations and Warranties Regarding the Servicer 18 ARTICLE FOUR PERFECTION OF TRANSFER AND PROTECTION OF SECURITY INTERESTS 20 Section 4.01. Custody of Contracts 20 Section 4.02. Filing 21 Section 4.03. Name Change or Relocation 21 Section 4.04. Costs and Expenses 21 ARTICLE FIVE SERVICING OF CONTRACTS 22 Section 5.01. Responsibility for Contract Administration 22 Section 5.02. Standard of Care 22 Section 5.03. Records 22 Section 5.04. Inspection 22 Section 5.05. Trust Accounts 22 Section 5.06. Enforcement 24 Section 5.07. Trustees to Cooperate 25 Section 5.08. Costs and Expenses 25 Section 5.09. Maintenance of Security Interests in Motorcycles 26 Section 5.10. Successor Servicer/Lockbox Agreements 26 Section 5.11. Separate Entity Existence 26 ARTICLE SIX THE TRUST DEPOSITOR 26 Section 6.01. Covenants of the Trust Depositor 26
Representations and Warranties Regarding the Contracts in the Aggregate 6 Section 3.04. Representations and Warranties Regarding the Contract Files 7
Representations and Warranties Regarding. Each Contract 5
Representations and Warranties Regarding. THE CONTRACTS IN THE AGGREGATE 7 SECTION 3.04. REPRESENTATIONS AND WARRANTIES REGARDING THE CONTRACT FILES 8
Representations and Warranties Regarding. THE PRIMO PARTIES 17 4.1 Organization 17 4.2 Capitalization 18 4.3 Authority 18 4.4 No Conflicts 18 4.5 Financial Statements. 19 4.6 No Undisclosed Liabilities 19 4.7 Intellectual Property 19 4.8 Taxation 20 4.9 Legal Compliance 20 4.10 Litigation and Orders 20 TABLE OF CONTENTS (cont’d) Page 4.11 Environmental 20 4.12 Employees 21 4.13 No Brokers’ Fees 21 4.14 SEC Reports 21 4.15 Conduct of Business 21 ARTICLE V CLOSING CONDITIONS 21 5.1 Conditions to the Primo Parties’ Obligations 21 5.2 Conditions to the Seller’s Obligations 23 ARTICLE VI POST-CLOSING COVENANTS 23 6.1 Payment of Excluded Liabilities 24 6.2 Payment of Assumed Liabilities 24 6.3 Bulk Transfer Compliance 24 6.4 Consents 24 6.5 Mail and Receivables 24 6.6 Litigation Support 24 6.7 Transition 25 6.8 Confidentiality 25 6.9 Seller Information 25 6.10 Personal Information 25 6.11 Regional Operator Agreements 26 6.12 Provision of Information Related to the Business 26 6.13 Additional Trademark Sublicense Agreements 26 6.14 Franchise Agreements 27 6.15 Transition Services 27 ARTICLE VII INDEMNIFICATION 27 7.1 Indemnification by the Seller 27 7.2 Indemnification by the Buyer 27 7.3 Survival and Time Limitations 27 7.4 Limitations on Indemnification 28 7.5 Third-Party Claims 29 7.6 Other Indemnification Matters 30 7.7 PST Clearance Certificates 30 7.8 Exclusive Remedy 30 ARTICLE VIII MISCELLANEOUS 30 8.1 Further Assurances 30 8.2 No Third-Party Beneficiaries 31 8.3 Entire Agreement 31 8.4 Successors and Assigns 31 8.5 Counterparts 31 8.6 Notices 31 8.7 JURISDICTION; SERVICE OF PROCESS 32 8.8 Governing Law 32 8.9 Amendments and Waivers 32 8.10 Severability 33 8.11 Expenses 33 8.12 Interpretation 33 8.13 Specific Performance 33 8.14 Waiver of Consequential Damages 33 8.15 Time Is of the Essence 33 TABLE OF CONTENTS (cont’d) EXHIBIT A Standard RO Agreement
Representations and Warranties Regarding the Trust Depositor 21
Representations and Warranties Regarding. BROADCASTING 4.01.
Representations and Warranties Regarding the Contract Files, the Land-and-Home Contract Files and the Mortgage Loan Files. Vanderbilt represents and warrants that:
Representations and Warranties Regarding the Loans in the --------------------------------------------------------- Aggregate. The Originator has represented and warranted to the Seller in the --------- Transfer Agreement, which representations and warranties the Seller has assigned to the Trustee for the benefit of the Certificateholders and the Class C Certificateholder, as of the Closing Date with respect to the Initial Loans and Additional Loans, and as of each Subsequent Transfer Date with respect to the related Subsequent Loans, that:
Representations and Warranties Regarding the Servicer 22 ARTICLE FOUR PERFECTION OF TRANSFER AND PROTECTION OF SECURITY INTERESTS 24 Section 4.01. Custody of Contracts 24 Section 4.02. Filing 25 Section 4.03. Name Change or Relocation 25 Section 4.04. Costs and Expenses 25 ARTICLE FIVE SERVICING OF CONTRACTS 26 Section 5.01. Responsibility for Contract Administration 26 Section 5.02. Standard of Care 26 Section 5.03. Records 26 Section 5.04. Inspection 26 Section 5.05. Trust Accounts 26 Section 5.06. Enforcement 28 Section 5.07. Trustees to Cooperate 29 Section 5.08. Costs and Expenses 29 Section 5.09. Maintenance of Security Interests in Motorcycles 29 Section 5.10. Successor Servicer/Lockbox Agreements 30 Section 5.11. Separate Entity Existence 30 ARTICLE SIX THE TRUST DEPOSITOR 30
