Common use of Express Representations and Warranties Clause in Contracts

Express Representations and Warranties. As of the date of each Receivables purchase, Bank represents, warrants and covenants as follows: (a) Title to Receivables. Bank has good and marketable title to the Receivables being sold.

Express Representations and Warranties. As of the date of each Receivables purchase, Bank represents, warrants and covenants to Purchaser as follows: (a) Title to Receivables. Bank has good and marketable title to the Receivables being soldsold and owns each Receivable free and clear of any adverse claim, lien or encumbrance created by it.