Common use of Asset Review Process Limitations Clause in Contracts

Asset Review Process Limitations. The Asset Representations Reviewer will have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct a Asset Review under the Indenture; (ii) to determine which Receivables are subject to an Asset Review; (iii) to obtain or confirm the validity of the Asset Review Materials; (iv) to obtain missing or insufficient Asset Review Materials from any party or any other source; (v) to take any action or cause any other party to take any action under any of the Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Asset Review Receivables; or (vi) to establish cause, materiality or recourse for any failed Test as described in Section 3.4.