Common use of Effectiveness of Resignation or Removal Clause in Contracts

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer on substantially the same terms as this Agreement.

Appears in 309 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-4 Owner Trust)

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Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer on substantially the same terms as this Agreement.

Appears in 112 contracts

Samples: Asset Representations Review Agreement (CarMax Auto Owner Trust 2024-4), Asset Representations Review Agreement (Carmax Auto Funding LLC), Asset Representations Review Agreement (CarMax Auto Owner Trust 2024-3)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, the Servicer and the Servicer Administrator an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer on substantially the same terms as this Agreement.

Appears in 74 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Letter Agreement (Toyota Auto Finance Receivables LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be become effective until the a successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the is in place. The predecessor Asset Representations Reviewer will continue to perform its obligations under this Agreement or entered into agreement until a new agreement with the Issuer on substantially the same terms as this Agreementsuccessor asset Representations Reviewer is in place.

Appears in 66 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-2)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be become effective until the a successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the is in place. The predecessor Asset Representations Reviewer will continue to perform its obligations under this Agreement or entered into until a new agreement with the Issuer on substantially the same terms as this Agreementsuccessor Asset Representations Reviewer is in place.

Appears in 64 contracts

Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, the Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer Issuer, the Sponsor and the Servicer on substantially the same terms as this Agreement.

Appears in 58 contracts

Samples: Asset Representations Review Agreement (Drive Auto Receivables Trust 2024-2), Asset Representations Review Agreement (Drive Auto Receivables Trust 2024-2), Asset Representations Review Agreement (Drive Auto Receivables Trust 2024-1)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuing Entity and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer Issuing Entity on substantially the same terms as this Agreement.

Appears in 51 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2024-C), Asset Representations Review Agreement (CNH Equipment Trust 2024-C), Asset Representations Review Agreement (CNH Equipment Trust 2024-B)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the a successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer on substantially the same terms as this Agreement.

Appears in 24 contracts

Samples: Asset Representations (Mercedes-Benz Auto Lease Trust 2024-B), Asset Representations (Mercedes-Benz Auto Lease Trust 2024-B), Review Agreement (Mercedes-Benz Auto Lease Trust 2024-A)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuing Entity, Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer Issuing Entity and the Sponsor on substantially the same terms as this Agreement.

Appears in 23 contracts

Samples: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P2), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P2), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P2)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer and the Servicer on substantially the same terms as this Agreement.

Appears in 22 contracts

Samples: Asset Representations Review Agreement (Vw Credit Leasing LTD), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be become effective until the a successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the is in place. The predecessor Asset Representations Reviewer will continue to perform its obligations under this Agreement or entered into agreement until a new agreement with the Issuer on substantially the same terms as this Agreementsuccessor asset Representations Reviewer is in place.

Appears in 19 contracts

Samples: Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-4), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-4), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-2)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuing Entity and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer Issuing Entity on substantially the same terms as this Agreement.

Appears in 16 contracts

Samples: Asset Representations Review Agreement (Nissan-Infiniti Lt LLC), Asset Representations Review Agreement (Nissan Auto Lease Trust 2024-B), Asset Representations Review Agreement (Nissan Auto Lease Trust 2024-B)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, the Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer and the Servicer on substantially the same terms as this Agreement.

Appears in 15 contracts

Samples: Asset Representations Review Agreement (Capital One Prime Auto Receivables Trust 2023-2), Asset Representations Review Agreement (Capital One Prime Auto Receivables Trust 2023-2), Asset Representations Review Agreement (Capital One Prime Auto Receivables Trust 2022-2)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the a successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, the Servicer and the Servicer Administrator an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer parties hereto on substantially the same terms as this Agreement.

Appears in 13 contracts

Samples: Daimler Trucks (Daimler Trucks Retail Trust 2024-1), Agreement (Daimler Trucks Retail Trust 2024-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, the Grantor Trust, the Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer Issuer, the Grantor Trust, the Sponsor and the Servicer on substantially the same terms as this Agreement.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-3)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Trust and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer Trust on substantially the same terms as this Agreement.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, the Servicer and the Servicer Indenture Trustee an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer on substantially the same terms as this Agreement.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2016-1)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer asset representations reviewer has executed and delivered to the Issuer and the Servicer Sponsor an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer Sponsor on substantially the same terms as this Agreement.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Chase Bank Usa, National Association), Asset Representations Review Agreement (Chase Bank Usa, National Association), Asset Representations Review Agreement (Chase Issuance Trust)

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Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuing Entity, Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer Issuing Entity and the Sponsor on substantially the same terms as this Agreement.. CRVNA 2022-P3 Asset Representations Review Agreement

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P3), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P3)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, the Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer on substantially the same terms as this Agreement.its

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC), Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer on substantially the same terms as this Agreement.. (NAROT 2023-A Asset Representations Review Agreement)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer on substantially the same terms as this Agreement.. 13 (NAROT 2022-B Asset Representations Review Agreement)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2022-B Owner Trust), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Trustee, the Manager and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer Trustee, the Servicer and the Manager on substantially the same terms as this Agreement.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust), Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer on substantially the same terms as this Agreement.. 13 (NAROT 2023-B Asset Representations Review Agreement)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer [Issuing Entity,] Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer Issuing Entity and the Sponsor on substantially the same terms as this Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Carvana Receivables Depositor LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or has entered into a new agreement with the Issuer and the Servicer on substantially the same terms as this Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Porsche Auto Funding LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuer, [the Grantor Trust,] the Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered into a new agreement with the Issuer Issuer, [the Grantor Trust,] the Sponsor and the Servicer on substantially the same terms as this Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Bridgecrest Auto Funding LLC)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer Issuing Entity, Sponsor and the Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer Issuing Entity and the Sponsor on substantially the same terms as this Agreement.. (c)

Appears in 1 contract

Samples: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P3)

Effectiveness of Resignation or Removal. No resignation or removal of the Asset Representations Reviewer will be effective until the successor Asset Representations Reviewer has executed and delivered to the Issuer and the Master Servicer an agreement accepting its engagement and agreeing to perform the obligations of the Asset Representations Reviewer under this Agreement or entered entering into a new agreement with the Issuer on substantially the same terms as this Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Discover Card Master Trust I)

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