Common use of Covenant for Reporting of Repurchase Demands Clause in Contracts

Covenant for Reporting of Repurchase Demands. Each of the Issuer Trustee and the Indenture Trustee will (i) notify the Seller and the Servicer, as soon as practicable, and in any event within five Business Days, of all demands or requests communicated (in writing or orally) to it for the repurchase of any Receivable pursuant to the Pooling and Servicing Agreement, (ii) promptly upon request by the Seller or the Servicer, provide to them any other information reasonably requested to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB, and (iii) if requested by the Seller or the Servicer, provide a written certification no later than 15 days following any calendar quarter or calendar year that it has not received any such repurchase demands for such period, or if any such repurchase demands have been received during such period, that it has provided all the information reasonably requested under clause (ii) above. In no event will the Issuer Trustee or the Indenture Trustee have any responsibility or liability in connection with any filing required to be made by the Trust under the Exchange Act or Regulation AB.

Covenant for Reporting of Repurchase Demands. Each of the Issuer Trustee and the Indenture Trustee will (i) notify the Seller and the Servicer, as soon as practicable, and in any event within five Business Days, of all demands or requests communicated (in writing or orally) to it for the repurchase of any Receivable pursuant to the Pooling and Servicing Agreement, (ii) promptly upon request by the Seller or the Servicer, provide to them any other information reasonably requested to facilitate compliance by them with Rule 15Ga-1 under the Exchange Act, and Items 1104(e) and 1121(c) of Regulation AB, and (iii) if requested by the Seller or the Servicer, provide a written certification no later than 15 days following any calendar quarter or calendar year that it has not received any such repurchase demands for such period, or if any such repurchase demands have been received during such period, that it has provided all the information reasonably requested under clause (ii) above. In no event will the Issuer Trustee or the Indenture Trustee have any responsibility or liability in connection with any filing required to be made by the Trust under the Exchange Act or Regulation AB.; and