Common use of Substantive Consolidation Clause in Contracts

Substantive Consolidation. Seller, in its individual capacity ------------------------- and as Servicer confirms that the statement contained under "assumptions of fact" in the opinion of Weil, Gotshal & ▇▇▇▇▇▇ LLP regarding substantive consolidation matters delivered to Seller on the Closing Date are true and correct with respect to itself, and that Seller will comply with any covenants or obligations assumed to be complied with by it therein as if such covenants and obligations were set forth herein.

Appears in 2 contracts

Sources: Purchase Agreement (TFC Enterprises Inc), Purchase Agreement (TFC Enterprises Inc)

Substantive Consolidation. Seller, in its individual capacity ------------------------- and as Servicer confirms that the statement contained under "assumptions of fact" in the opinion of Weil, Gotshal & ▇▇▇▇▇▇ LLP regarding substantive consolidation matters delivered to the Seller on the Closing Date are true and correct with respect to itself, and that the Seller will comply with any covenants or obligations assumed to be complied with by it therein as if such covenants and obligations were set forth herein.

Appears in 1 contract

Sources: Purchase Agreement (TFC Enterprises Inc)