REPRESENTATIONS AND WARRANTIES 6 Clause Samples
The "Representations and Warranties" clause sets out the specific statements of fact and assurances that each party makes to the other regarding their authority, status, and relevant circumstances at the time of entering into the agreement. Typically, this clause covers matters such as the legal capacity of the parties, ownership of assets, compliance with laws, and the absence of undisclosed liabilities. Its core function is to provide a factual baseline and allocate risk by allowing parties to rely on these statements, offering remedies if any representation or warranty proves to be false or misleading.
REPRESENTATIONS AND WARRANTIES 6. Section 14.1 Existence and Power 6 Section 14.2 Authorization and No Contravention 6 Section 14.3 No Consent Required 6 Section 14.4 Binding Effect 7 Section 14.5 No Proceedings 7 Section 15.1 Filings 7 Section 15.2 Amendments 7 Section 15.3 Governing Law 8 Section 15.4 Notices 8 Section 15.5 Severability of Provisions 8 Section 15.6 Effect of Exchange Note Supplement on Collateral Agency Agreement 8 Section 15.7 No Petition 8 Section 15.8 Tax Matters 9 Section 15.9 Entire Agreement 9 Section 15.10 Submission to Jurisdiction; Waiver of Jury Trial 9 Section 15.11 No Recourse 10 Section 15.12 Counterparts; Electronic Signatures 10 SCHEDULE 1 Description of Closed-End Units Allocated to 2025-A Reference Pool EXHIBIT A Form of Exchange Note THIS 2025-A EXCHANGE NOTE SUPPLEMENT TO COLLATERAL AGENCY AGREEMENT (as amended, modified or supplemented from time to time, the “Exchange Note Supplement”), dated and effective as of March 12, 2025, is among World Omni LT, a Delaware statutory trust (the “Borrower” or the “Titling Trust”), Auto Lease Finance LLC, a Delaware limited liability company (“ALF” or the “Initial Beneficiary”), AL Holding Corp., a Delaware corporation (the “Closed-End Collateral Agent”), and U.S. Bank Trust Company, National Association, a national banking association (“U.S. Bank” or the “Closed-End Administrative Agent”).
REPRESENTATIONS AND WARRANTIES 6. Section 2.1. Representations and Warranties of the EDA 6
REPRESENTATIONS AND WARRANTIES 6. Section 5.1.
REPRESENTATIONS AND WARRANTIES 6. 2.01 Of the District 6 2.02 Of CCCSWA 7
REPRESENTATIONS AND WARRANTIES 6. Representations and Warranties of the Sellers Relating to the Sale Assets 6 Article V. COVENANTS 7 Section 5.1. Affirmative Covenants of the Sellers 7 Article VI. REPURCHASE OBLIGATION 7 Section 6.1. Retransfer of Sale Assets 7 Section 6.2. Repurchase Limitations 7 Section 6.3. Retransfer of Sale Assets 8
REPRESENTATIONS AND WARRANTIES 6. Section 14.1 Existence and Power 6 Section 14.2 Authorization and No Contravention 6 Section 14.3 No Consent Required 6 Section 14.4 Binding Effect 6 Section 14.5 No Proceedings 6 Section 15.1 Filings 7 Section 15.2 Amendments 7 Section 15.3 Governing Law 7 Section 15.4 Notices 8 Section 15.5 Severability of Provisions 8 Section 15.6 Effect of Exchange Note Supplement on Collateral Agency Agreement 8 Section 15.7 No Petition 8 Section 15.8 Tax Matters 9 Section 15.9 Entire Agreement 9 Section 15.10 Submission to Jurisdiction; Waiver of Jury Trial 9
REPRESENTATIONS AND WARRANTIES 6. SECTION 3.01 Representations and Warranties of the Servicer 6 SECTION 3.02 Representations and Warranties of the Depositor 7 SECTION 3.03 Merger and Consolidation of the Depositor 8
REPRESENTATIONS AND WARRANTIES 6. Section 2.1. Representations and Warranties of Finance LLC 6 ARTICLE III CONDITIONS OF PURCHASE 10 Section 3.1. Condition Precedent to Purchases 10
REPRESENTATIONS AND WARRANTIES 6. Representations and Warranties of the City 6
REPRESENTATIONS AND WARRANTIES 6. Section 2.1. Existence; Authority; Enforceability 6 Section 2.2. Absence of Conflicts 6 Section 2.3. Consents 7