Common use of Duplicative Test Clause in Contracts

Duplicative Test. If any Review Receivable or Review Account was included in a prior Review, the Asset Representations Reviewer will not perform any Tests on it, but will include the results of the previous Tests in each Review Report for the current Review. If the same Test is required for more than one Eligible Representation, the Asset Representations Reviewer will perform the Test only once for each Review Receivable or Review Account but will report the results of the Test for each applicable representation or warranty on each Review Report.

Appears in 8 contracts

Samples: Asset Representations Review Agreement (Royal Bank of Canada), Asset Representations Review Agreement (WF Card Funding LLC), Asset Representations Review Agreement (WF Card Issuance Trust)

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Duplicative Test. If any Review Account and/or Receivable or Review Account was included in a prior Review, the Asset Representations Reviewer will not perform any Tests on it, but will include the results of the previous Tests in each the Review Report for the current Review. If the same Test is required for more than one Eligible Representationrepresentation or warranty listed on Schedule B, the Asset Representations Reviewer will only perform the Test only once for each Review ARR Receivable or Review Account but will report the results of the Test for each applicable representation or warranty on each the Review Report.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.), Asset Representations Review Agreement (John Deere Receivables, Inc.)

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