Common use of Inspections of Asset Representations Reviewer Clause in Contracts

Inspections of Asset Representations Reviewer. The Asset Representations Reviewer agrees that, with reasonable advance notice not more than once during any year, it will permit authorized representatives of the Issuing Entity, the Grantor Trust or the Sponsor, during the Asset Representations Reviewer’s normal business hours, to examine and review the books of account, records, reports and other documents and materials of the Asset Representations Reviewer relating to (a) the performance of the Asset Representations Reviewer’s obligations under this Agreement, (b) payments of fees and expenses of the Asset Representations Reviewer for its performance and (c) a claim made by the Asset Representations Reviewer under this Agreement. In addition, the Asset Representations Reviewer will permit the Issuing Entity’s, the Grantor Trust’s or the Sponsor’s representatives to make copies and extracts of any of those documents and to discuss them with the Asset Representations Reviewer’s officers and employees. Each of the Issuing Entity, the Grantor Trust and the Sponsor will, and will cause its authorized representatives to, hold in confidence the information except if disclosure may be required by Applicable Law or if the Issuing Entity, the Grantor Trust or the Sponsor reasonably determines that it is required to make the disclosure under this Agreement or the other Transaction Documents. The Asset Representations Reviewer will maintain all relevant books, records, reports and other documents and materials for a period of at least two years after the termination of its obligations under this Agreement. In the event the Servicer requests information pertaining to the review and examination of the Asset Representation Reviewer as described above, the Issuing Entity, the Grantor Trust, and the Sponsor, as the case may be, will notify the Asset Representations Reviewer of such request and, with the Asset Representations Reviewer’s consent, may provide such information to the Servicer; provided it is acknowledged and agreed that such consent may be conditioned on the execution by the Servicer of a confidentiality or non-disclosure agreement.

Appears in 27 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 2024-P4)

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Inspections of Asset Representations Reviewer. (a) The Asset Representations Reviewer agrees that, with from and after the completion of the first Asset Representations Review, if any,, upon reasonable advance prior notice not more than once during any year, it will permit authorized representatives of the Issuing EntityIssuer, the Grantor Trust RPA Seller, the Servicer, the Transferor or the SponsorIndenture Trustee, during the Asset Representations Reviewer’s normal business hours, to examine and review the books of account, records, reports and other documents and materials of the Asset Representations Reviewer relating to (a) the performance of the Asset Representations Reviewer’s obligations under this Agreement, (b) payments of fees and expenses of the Asset Representations Reviewer for its performance and (c) a claim made by the Asset Representations Reviewer under this Agreement. In addition, the Asset Representations Reviewer will permit the Issuing EntityIssuer’s, the Grantor TrustRPA Seller’s, the Servicer’s, the Transferor’s or the SponsorIndenture Trustee’s representatives to make copies and extracts of any of those documents and to discuss them with the Asset Representations Reviewer’s officers and employees. Each of the Issuing EntityIssuer, RPA Seller, the Grantor Trust Servicer and the Sponsor Transferor will, and will cause its authorized representatives to, to hold in confidence the information except if disclosure may be required by Applicable Law law or if the Issuing EntityIssuer, the Grantor Trust RPA Seller, the Servicer or the Sponsor Transferor reasonably determines that it is required by law to make the disclosure under this Agreement or the other Transaction Related Documents. The Asset Representations Reviewer will maintain all relevant books, records, reports and other documents and materials at all times during the term of this Agreement; provided, that if a Review has taken place during the term of the Agreement, such retention shall be for a period of at least two five (5) years after the termination of its obligations under this Agreement. In the event the Servicer requests information pertaining to the review and examination of the Asset Representation Reviewer as described above, the Issuing Entity, the Grantor Trust, and the Sponsor, as the case may be, will notify the . (b) The Asset Representations Reviewer further agrees that, in connection with the execution of such request andthis Agreement, with and from time to time thereafter, but in any event no more frequently than annually, it will make appropriate personnel available to authorized representatives of the Issuer, the RPA Seller, the Servicer, the Transferor or the Indenture Trustee, to discuss the Asset Representations Reviewer’s consentpractices, may provide such information procedures and systems for protection of confidential information, including the Confidential Information, and its practices, procedures and systems for the protection and destruction of any Issuer PII actually known to the Servicer; provided it is acknowledged and agreed that such consent may be conditioned on the execution received by the Servicer of a confidentiality or non-disclosure agreementAsset Representations Reviewer, as required by Section 4.09(e).

Appears in 2 contracts

Samples: Asset Representations Review Agreement (First National Funding LLC), Asset Representations Review Agreement (First National Funding LLC)

Inspections of Asset Representations Reviewer. The Asset Representations Reviewer agrees that, with reasonable advance notice not more than once during any year, it will permit authorized representatives of the Issuing Entity, [the Grantor Trust Trust,] the Servicer or the SponsorAdministrator, during the Asset Representations Reviewer’s 's normal business hours, to examine and review the books of account, records, reports and other documents and materials of the Asset Representations Reviewer relating to (a) the performance of the Asset Representations Reviewer’s 's obligations under this Agreement, (b) payments of fees and expenses of the Asset Representations Reviewer for its performance and (c) a claim made by the Asset Representations Reviewer under this Agreement. In addition, the Asset Representations Reviewer will permit the Issuing Entity’s's, [the Grantor Trust’s ’s,] the Servicer's or the Sponsor’s Administrator's representatives to make copies and extracts of any of those documents and to discuss them with the Asset Representations Reviewer’s 's officers and employees. Each of the Issuing Entity, [the Grantor Trust Trust,] the Servicer and the Sponsor Administrator will, and will cause its authorized representatives to, hold in confidence the information except if disclosure may be required by Applicable Law law or if the Issuing Entity, [the Grantor Trust Trust,] the Servicer or the Sponsor Administrator reasonably determines that it is required to make the disclosure under this Agreement or the other Transaction Basic Documents. The Asset Representations Reviewer will maintain all relevant books, records, reports and other documents and materials for a period of at least two years after the termination of its obligations under this Agreement. In the event the Servicer requests information pertaining to the review and examination of the Asset Representation Reviewer as described above, the Issuing Entity, the Grantor Trust, and the Sponsor, as the case may be, will notify the Asset Representations Reviewer of such request and, with the Asset Representations Reviewer’s consent, may provide such information to the Servicer; provided it is acknowledged and agreed that such consent may be conditioned on the execution by the Servicer of a confidentiality or non-disclosure agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (World Omni Auto Receivables LLC)

Inspections of Asset Representations Reviewer. The Asset Representations Reviewer agrees that, with reasonable advance notice not more than once during any year, it will permit authorized representatives of the Issuing Entity, [the Grantor Trust Trust,] the Servicer or the SponsorAdministrator, during the Asset Representations Reviewer’s normal business hours, to examine and review the books of account, records, reports and other documents and materials of the Asset Representations Reviewer relating to (a) the performance of the Asset Representations Reviewer’s obligations under this Agreement, (b) payments of fees and expenses of the Asset Representations Reviewer for its performance and (c) a claim made by the Asset Representations Reviewer under this Agreement. In addition, the Asset Representations Reviewer will permit the Issuing Entity’s, [the Grantor Trust’s,] the Servicer’s or the SponsorAdministrator’s representatives to make copies and extracts of any of those documents and to discuss them with the Asset Representations Reviewer’s officers and employees. Each of the Issuing Entity, [the Grantor Trust Trust,] the Servicer and the Sponsor Administrator will, and will cause its authorized representatives to, hold in confidence the information except if disclosure may be required by Applicable Law law or if the Issuing Entity, [the Grantor Trust Trust,] the Servicer or the Sponsor Administrator reasonably determines that it is required to make the disclosure under this Agreement or the other Transaction Basic Documents. The Asset Representations Reviewer will maintain all relevant books, records, reports and other documents and materials for a period of at least two years after the termination of its obligations under this Agreement. In the event the Servicer requests information pertaining to the review and examination of the Asset Representation Reviewer as described above, the Issuing Entity, the Grantor Trust, and the Sponsor, as the case may be, will notify the Asset Representations Reviewer of such request and, with the Asset Representations Reviewer’s consent, may provide such information to the Servicer; provided it is acknowledged and agreed that such consent may be conditioned on the execution by the Servicer of a confidentiality or non-disclosure agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (World Omni Auto Receivables LLC)

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Inspections of Asset Representations Reviewer. The Asset Representations Reviewer agrees that, with reasonable advance notice not more than once during any year, it will permit authorized representatives of the Issuing Entity, [the Grantor Trust Trust] or the Sponsor, during the Asset Representations Reviewer’s normal business hours, to examine and review the books of account, records, reports and other documents and materials of the Asset Representations Reviewer relating to (a) the performance of the Asset Representations Reviewer’s obligations under this Agreement, (b) payments of fees and expenses of the Asset Representations Reviewer for its performance and (c) a claim made by the Asset Representations Reviewer under this Agreement. In addition, the Asset Representations Reviewer will permit the Issuing Entity’s, [the Grantor Trust’s ’s] or the Sponsor’s representatives to make copies and extracts of any of those documents and to discuss them with the Asset Representations Reviewer’s officers and employees. Each of the Issuing Entity, [the Grantor Trust Trust] and the Sponsor will, and will cause its authorized representatives to, hold in confidence the information except if disclosure may be required by Applicable Law or if the Issuing Entity, [the Grantor Trust Trust] or the Sponsor reasonably determines that it is required to make the disclosure under this Agreement or the other Transaction Documents. The Asset Representations Reviewer will maintain all relevant books, records, reports and other documents and materials for a period of at least two years after the termination of its obligations under this Agreement. In the event the Servicer requests information pertaining to the review and examination of the Asset Representation Reviewer as described above, the Issuing Entity, [the Grantor Trust, ,] and the Sponsor, as the case may be, will notify the Asset Representations Reviewer of such request and, with the Asset Representations Reviewer’s consent, may provide such information to the Servicer; provided it is acknowledged and agreed that such consent may be conditioned on the execution by the Servicer of a confidentiality or non-disclosure agreement.

Appears in 1 contract

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

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