Common use of Missing or Incomplete Review Materials Clause in Contracts

Missing or Incomplete Review Materials. The Asset Representations Reviewer will complete the Tests for each Eligibility Representation only using documentation that is made available to it. Upon receipt of the Review Materials, the Asset Representations Reviewer will complete an initial document inventory to determine if any Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test. If the Asset Representations Reviewer reasonably determines that any of the Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than twenty (20) calendar days before completing the Review, and the Servicer will use reasonable efforts to provide the Asset Representations Reviewer access to such missing Review Materials or other documents or information to correct the insufficiency within fifteen (15) calendar days. Once the Asset Representations Reviewer has confirmed the majority of the Review Materials have been provided in accordance with Section 3.3, the Asset Representations Reviewer will commence the Asset Review. In instances where Review Material is not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request that the Servicer (with a copy to the Sponsor) provide an updated copy of such Review Material. If the Servicer and the Sponsor have not provided the missing Review Material for a Subject Receivable to the Asset Representations Reviewer within sixty (60) days of notification by the Asset Representations Reviewer, the parties agree that such Subject Receivable will have a Test Incomplete for the related Test(s) and the Review Report will indicate the reason for the Test Incomplete.

Appears in 10 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)

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Missing or Incomplete Review Materials. The Asset Representations Reviewer will complete the Tests for each Eligibility Representation only using documentation that is made available to it. Upon receipt of the Review Materials, the Asset Representations Reviewer will complete an initial document inventory review the Review Materials to determine if any of the Review Materials are missing missing, incomplete or otherwise insufficient for the Asset Representations Reviewer to perform any Test. If the Asset Representations Reviewer reasonably determines that any of the Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than twenty (20) calendar days before completing the Review, and the Servicer will use reasonable efforts to provide the Asset Representations Reviewer access to such missing Review Materials or other documents or information to correct the insufficiency within fifteen (15) calendar daysdays of receiving such notice. Once the Asset Representations Reviewer has confirmed the majority of the Review Materials have been provided in accordance with Section 3.33.03, the Asset Representations Reviewer will commence the Asset Review. In instances where Review Material is not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request that the Servicer (with a copy to the Sponsor) provide an updated copy of such Review Material. If the Servicer and the Sponsor have not provided the missing Review Material for a Subject Receivable to the Asset Representations Reviewer within sixty (60) days of notification by the Asset Representations Reviewer, the parties agree that such Subject Receivable will have a Test Incomplete for the related Test(s) and the Review Report will indicate the reason for the Test Incomplete.

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)

Missing or Incomplete Review Materials. The Asset Representations Reviewer will complete the Tests for each Eligibility Representation only using documentation that is made available to it. Upon receipt of access to the Review Materials, the Asset Representations Reviewer will complete an initial document inventory to verify there are no systemic documentation errors, including but not limited to consistently missing or incomplete Review Materials. The purpose of this review is to determine if any Review Materials there are missing or insufficient for the Asset Representations Reviewer to perform any Testsystemic issues with documentation. If the Asset Representations Reviewer reasonably determines that any of the Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than twenty (20) calendar days before completing the Review, and the Servicer will use reasonable efforts to provide the Asset Representations Reviewer access to such missing Review Materials or other documents or information to correct the insufficiency within fifteen (15) calendar days. Once the Asset Representations Reviewer has confirmed the majority of the Review Materials have been provided in accordance with Section 3.3, the Asset Representations Reviewer will commence the Asset Review. In instances where Review Material is not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request in writing that the Servicer (with a copy to the Sponsor) provide an updated or replacement copy of such Review MaterialMaterials. If the The Servicer and the Sponsor have not provided the will use all reasonable efforts to provide, or cause to be provided, missing or incomplete Review Material for a Subject Receivable Materials to the Asset Representations Reviewer or other documents or information to correct the issue of incompleteness or missing information as promptly as practicable and within sixty (60) 30 days of notification the receipt of such a request by the Asset Representations Reviewer; provided that the Servicer shall have an additional 30 days to correct any such issues if it notifies the Asset Representations Reviewer in writing that it is working diligently and it believes that satisfactory materials will be available for review by the Asset Representations Reviewer within an additional 30 days. In the event any missing or incomplete Review Materials are not provided or corrected within this timeframe, the parties agree Asset Representations Reviewer will perform the associated Tests in consideration that such Subject Receivable will have Review Materials are missing or incomplete. With respect to any such missing or incomplete Review Materials, if the Asset Representations Reviewer determines in good faith, with prior written notice to the Servicer and the Transferor, that it cannot complete a Test Incomplete for due to such missing information or the related Test(s) and incompleteness of such information, the Review Report Asset Representations Reviewer will indicate record the reason for the result of such Test as incomplete (a β€œTest Incomplete”).

Appears in 2 contracts

Samples: Asset Representations Review Agreement (American Express Receivables Financing Corp VIII LLC), Asset Representations Review Agreement (American Express Receivables Financing Corp VIII LLC)

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Missing or Incomplete Review Materials. The Asset Representations Reviewer will complete the Tests for each Eligibility Representation only using documentation that is made available to it. Upon receipt of the Review Materials, the Asset Representations Reviewer will complete an initial document inventory to determine if any verify there are no systemic documentation errors, including but not limited to consistently missing or incomplete information in the Review Materials are missing or insufficient for the Asset Representations Reviewer with respect to perform any Testeach Subject Receivable. If the Asset Representations Reviewer reasonably determines that any of the Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than [twenty (20) calendar )] days before completing the Review, and the Servicer will use reasonable efforts to provide the Asset Representations Reviewer access to such missing Review Materials or other documents or information to correct the insufficiency within fifteen (15) calendar daysdays of receiving such notice. Once the Asset Representations Reviewer has confirmed the majority of the Review Materials have been provided in accordance with Section 3.33.03, the Asset Representations Reviewer will commence the Asset Review. In instances where Review Material is not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request that the Servicer (with a copy to the Sponsor) provide an updated copy of such Review Material. If the Servicer and the Sponsor have not provided the missing Review Material for a Subject Receivable to the Asset Representations Reviewer within sixty ([60) ] days of notification by the Asset Representations Reviewer, the parties agree that such Subject Receivable will have a Test Incomplete for the related Test(s) and the Review Report will indicate the reason for the Test Incomplete.

Appears in 1 contract

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

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