Common use of Representations and Warranties Respecting the Purchaser Clause in Contracts

Representations and Warranties Respecting the Purchaser. The Purchaser represents, warrants and covenants to the Seller as of the date hereof and as of each respective Closing Date or as of such date specifically provided herein or in the applicable Warranty ▇▇▇▇ of Sale: (i) The Purchaser has all requisite power and authority to enter into and perform the obligations to be performed by it under this and any other documents necessary to effectuate the purchase of the Mortgage Notes by the Purchaser, and to consummate the transactions contemplated hereby and thereby, including, without limitation, full authority to buy, assume, and accept from the Seller the Mortgage Loans; (ii) This Agreement constitutes the legal, valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with its terms (subject to bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor's rights generally); and (iii) Neither the execution, delivery and performance of this Agreement nor the consummation of the transactions contemplated hereby is prohibited by, or requires the Purchaser to obtain any consent, authorization, approval or registration under any law, statute, rule, regulation, judgment, order writ, injunction or decree which is binding upon Purchaser.

Representations and Warranties Respecting the Purchaser. The Purchaser represents, warrants and covenants to the Seller as of the date hereof and as of each respective Closing Date or as of such date specifically provided herein or in the applicable Warranty ▇▇▇▇ Bill of Sale: (i) The Purchaser has all requisite power and authority an▇ ▇▇thority to enter into and perform the obligations to be performed by it under this and any other documents necessary to effectuate the purchase of the Mortgage Notes by the Purchaser, and to consummate the transactions contemplated hereby and thereby, including, without limitation, full authority to buy, assume, and accept from the Seller the Mortgage Loans; (ii) This Agreement constitutes the legal, valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with its terms (subject to bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditor's rights generally); and (iii) Neither the execution, delivery and performance of this Agreement nor the consummation of the transactions contemplated hereby is prohibited by, or requires the Purchaser to obtain any consent, authorization, approval or registration under any law, statute, rule, regulation, judgment, order writ, injunction or decree which is binding upon Purchaser.