Representations of the Servicer. The Servicer hereby represents and warrants to the Indenture Trustee, the Depositor, the Collateral Agent, the Trust, the Note Insurer and the Noteholders as of the Closing Date and during the term of this Agreement that:
(a) Each of the Servicer and the Subservicers is duly organized, validly existing and in good standing under the laws of their respective states of incorporation and has the power to own its assets and to transact the business in which it is currently engaged. Each of the Servicer and the Subservicers is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it or the performance of its obligations hereunder requires such qualification and in which the failure so to qualify could reasonably be expected to have a material adverse effect on the business, properties, assets, or condition (financial or other) of the Servicer or the Subservicers or the performance of their respective obligations hereunder;
(b) The Servicer has the power and authority to make, execute, deliver and perform this Agreement and all of the transactions contemplated under this Agreement, and has taken all necessary corporate action to authorize the execution, delivery and performance of this Agreement, and assuming the due authorization, execution and delivery hereof by the other parties hereto constitutes, or will constitute, the legal, valid and binding obligation of the Servicer, enforceable in accordance with its terms, except as enforcement of such terms may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights of creditors generally, and by general equity principles (regardless of whether such enforcement is considered in a proceeding in equity or at law);
(c) The Servicer is not required to obtain the consent of any other party or any consent, license, approval or authorization from, or registration or declaration with, any governmental authority, bureau or agency which consent already has not been obtained in connection with the execution, delivery, performance, validity or enforceability of this Agreement, except such as have been obtained prior to the Closing Date;
(d) The execution, delivery and performance of this Agreement by the Servicer will not violate any provision of any existing law or regulation or any order or decree of any court or the charter or...
Representations of the Servicer. The Servicer makes the following representations and warranties as of the Closing Date on which the Issuer will be deemed to have relied in acquiring the Transferred Assets. The representations and warranties speak as of the execution and delivery of this Agreement and will survive the conveyance of the Transferred Assets to the Issuer and the pledge thereof by the Issuer to the Indenture Trustee pursuant to the Indenture:
Representations of the Servicer. 30 6.02 Representations of the Owner....................................32 SECTION 7. THE SERVICER..................................................32 7.01 [Reserved]......................................................32 7.02 Merger or Consolidation of the Servicer.........................32 7.03 Limitation on Liability of the Servicer and Others..............33 7.04 Servicer Not to Assign..........................................33
Representations of the Servicer. The Servicer has made the representations set forth in Section 3.2 of the Servicing Agreement on which the Lender, the Holding Companies and the Collateral Agent have relied, and the 2012-B Exchange Noteholder, in acquiring the 2012-B Exchange Note, will rely. Such representations are remade as of the Exchange Note Issuance Date and will survive the sale, transfer, assignment and conveyance of the 2012-B Exchange Note to the 2012-B Exchange Noteholder, the Depositor and the Issuer and the pledge of the 2012-B Exchange Note to the Indenture Trustee pursuant to the Indenture.
Representations of the Servicer. The Servicer has made the representations set forth in Section 3.2 of the Servicing Agreement on which the Lender, the Holding Companies and the Collateral Agent have relied, and the 2014-B Exchange Noteholder, in acquiring the 2014-B Exchange Note, will rely. Those representations are remade as of the Exchange Note Issuance Date and will survive the sale, transfer, assignment and conveyance of the 2014-B Exchange Note to the 2014-B Exchange Noteholder, the Depositor and the Issuer and the pledge of the 2014-B Exchange Note to the Indenture Trustee under the Indenture. The Servicer additionally represents and warrants to the Depositor and the Issuer as of the date of this Servicing Supplement that no selection procedures believed to be adverse to the 2014-B Exchange Noteholder have been utilized in selecting the Leases and Leased Vehicles included in the 2014-B Reference Pool from other leases and leased vehicles that meet the criteria specified in Section 3.3.
Representations of the Servicer. 35 Section 3.02. Representations, Warranties and Covenants of the Depositor. ...36 Section 3.03.
Representations of the Servicer. The Servicer hereby represents, warrants and covenants to the Owner that, as of the Effective Date:
Representations of the Servicer. The Servicer makes all of the following representations as of the Effective Date and as of the date of each Program Portfolio Schedule:
Representations of the Servicer. The Servicer hereby represents, as of the Closing Date, as of each applicable Cut‐Off Date, as of each applicable Advance Date and as of each Reporting Date, as follows: (a)
Representations of the Servicer. 43 SECTION 3.02 REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE DEPOSITOR.....................................45 SECTION 3.03
