Common use of Eligibility Clause in Contracts

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.1.

Appears in 323 contracts

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

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Eligibility. It will notify the Issuer Issuer, the Servicer and the Servicer Administrator promptly if it no longer meets meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.1.

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), Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 45 contracts

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

Eligibility. It will notify the Issuer Issuing Entity and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.1.

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)

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.15.01.

Appears in 6 contracts

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

Eligibility. It will notify the Issuer Trustee, the Manager and the Servicer promptly if it no longer meets meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.1.

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)

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Eligibility. It will notify the Issuer Issuer, the Depositor and the Master Servicer promptly if upon becoming aware that it no longer meets the eligibility requirements in Section 5.1.

Appears in 1 contract

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

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.14.1.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Navient Funding, LLC)

Eligibility. It will notify the Issuer Issuer, the Depositor and the Master Servicer promptly if it no longer meets the eligibility requirements in Section 5.1.

Appears in 1 contract

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

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