Common use of Eligible Contracts Clause in Contracts

Eligible Contracts. Each Contract included in the Collateral is an Eligible Contract as of its respective Cutoff Date. Each of the representations and warranties made in Sections 4.01(l), (m), (n) and (o), Section 4.02(d) and Section 4.03 of the Receivables Sale Agreement is hereunder made by the Borrower. There are a sufficient number of Eligible Contracts and Eligible Post-Sale Contracts constituting Collateral such that the Borrowing Base exceeds the Aggregate Principal Balance.

Eligible Contracts. Each Contract included in the Collateral is an Eligible Contract at any such date of determination (including as such eligibility may be tested and retested on the dates described in the definition of its respective Cutoff Eligible Contract). On the applicable Borrowing Date. Each , each of the representations and warranties made in Sections 4.01(l), (m), (n) and (o), Section 4.02(d) and Section 4.03 of the Receivables Sale Agreement is hereunder made by the Borrower. There are a sufficient number of Eligible Contracts and Eligible Post-Sale Contracts constituting Collateral such that the Borrowing Base exceeds the Aggregate Principal Balance.