Examples of RFC IV in a sentence
RFC II, RFC III, RFC IV, the Servicer and the Trustee have caused this Amendment to be duly executed and delivered by their respective duly authorized officers as of the day and year first written above.
Upon discovery by FSB or RFC IV of a breach of any of the foregoing representations and warranties, the party discovering such breach shall give written notice to the other party and the Trustee within three (3) Business Days following such discovery.
Such reassigned Receivables shall be treated by RFC IV as collected in full as of the date on which they were reassigned.
The recitals and statements herein are deemed to be those of RFC II, RFC III, RFC IV and the Servicer, and not of the Trustee.
Pursuant to Section 13.01(a) of the Pooling and Servicing Agreement, each of RFC II, RFC III and RFC IV has delivered to the Trustee an Officer’s Certificate, dated the date of this Amendment, stating that RFC II, RFC III and RFC IV, respectively, reasonably believes that this Amendment will not have an Adverse Effect.
Pursuant to Section 9.01 of the Receivables Purchase Agreement, FSB and RFC IV have given prior notice of this Amendment to the Trustee and each Rating Agency, and FSB has delivered to RFC IV an Officer’s Certificate of FSB, dated the date of this Amendment, stating that FSB reasonably believes that this Amendment will not cause a Pay-Out Event or a Reinvestment Event.
FSB shall notify RFC IV promptly after becoming aware of any Lien arising through or under FSB on any Purchased Asset other than the conveyances hereunder.
RFC IV is a limited liability company duly formed and validly existing under the laws of the State of Delaware, and has, in all material respects, full power and authority to own its properties and conduct its business as such properties are presently owned and such business is presently conducted, and to execute, deliver and perform its obligations under this Agreement.
Notwithstanding the above, unless required by Requirements of Law or as permitted by paragraph (h) above, FSB will not take any action with respect to such Account Agreements or such Credit Guidelines which, at the time of such action, FSB reasonably believes will have a material adverse effect on RFC IV.
To the extent that it is not clear to FSB whether collections relate to a Receivable that was sold to RFC IV or to a receivable that FSB is unable to sell to RFC IV, FSB agrees that it shall allocate payments on each Account with respect to the principal balance of such Account first to the oldest principal balance of such Account.