Common use of Removal of Originators Clause in Contracts

Removal of Originators. Any Originator hereunder may be removed from this Agreement with the prior written consent of the Company, the Administrator, the LC Bank and each Purchaser Agent; provided that (i) the following conditions are satisfied on or before the date of such removal: (a) the Servicer shall have given the Company, the Administrator, the LC Bank and each Purchaser Agent at least thirty days’ prior written notice of such proposed removal and the identity of such Originator and shall have provided such other information with respect to such Originator as the Administrator or any Purchaser Agent may reasonably request; (b) such proposed removed Originator has executed and delivered to the Company, each other Originator, the Administrator, the LC Bank and each Purchaser Agent an amendment to this Agreement effecting the removal of such Originator in form and substance acceptable to the Administrator, the LC Bank and each Purchaser Agent which shall include, among other things, a statement by each Originator certifying that its representations and warranties contained in Article V, as from time to time amended in accordance with the terms hereof, are true and correct on and as of such day, with the same effect as though made on and as of such day (except for representations and warranties which apply to an earlier date, in which case such representations and warranties shall be true and correct as of such earlier date);