Immediate Representation, Warranty and Covenant Default. The failure of any Seller or Guarantor to perform, comply with or observe any term, covenant or agreement applicable to such Seller or Guarantor contained in any of [Sections 11(g)] (Purchased Assets), # (Indebtedness), # (Solvency) or [Sections 12(a)(i)] (Preservation of Existence), # (True and Correct Information), # (Financial Condition Covenants), # (Illegal Activities), # (Material Change in Business), # (Limitations on Dividends and Distributions), # (Disposition of Assets; Liens), # (Transactions with Affiliates), # (ERISA Matters), # (Consolidations, Mergers and Sales of Assets), # (Guarantees), # (Agency Approvals; Servicing), (aa) (Takeout Payments) or (bb) (Most Favored Status).

Immediate Representation, Warranty and Covenant Default. The failure of any Seller or Guarantor to perform, comply with, observe or make any misrepresentation with regard to, any term, representation, covenant or agreement applicable to such Seller or Guarantor contained in any of [Sections 12(h)] (Solvency), #

Immediate Covenant Default. The failure of any Seller Party or Guarantor to perform, comply with or observe any term, covenant or agreement applicable to such Seller Party or Guarantor contained in any of [Sections 13(a)] (Preservation of Existence; Compliance with Law), # (Illegal Activities), # (Limitations on Dividends and Distributions), (r)