Common use of Representations of the Bank Clause in Contracts

Representations of the Bank. The Bank makes the following representations as of the Closing Date, on which the Depositor will be deemed to have relied in acquiring the Purchased Assets. The representations will survive the conveyance of the Purchased Assets to the Depositor pursuant to this Agreement, the conveyance of the Purchased Assets by the Depositor to the Issuer pursuant to the Sale Agreement, the conveyance of the Purchased Assets by the Issuer to the Grantor Trust pursuant to the Contribution Agreement and the Grant thereof by the Issuer and the Grantor Trust to the Indenture Trustee for the benefit of the Noteholders pursuant to the Indenture.‌