Common use of Missing or Insufficient Review Materials Clause in Contracts

Missing or Insufficient Review Materials. Upon receipt of the Review Materials, the Asset Representations Reviewer will review the Review Materials to determine if any Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test. If the Asset Representations Reviewer determines any missing or insufficient Review Materials, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than [ ] [Business Day][days] before completing the Review. The Servicer will have [ ] [Business Day][days] to give the Asset Representations Reviewer access to the missing Review Materials or other documents or information to correct the insufficiency. If the missing Review Materials or other documents have not been provided by the Servicer within [ ] [Business Day][days], the related Review Report will report a Test Fail for each Test that requires use of the missing or insufficient Review Materials.

Appears in 7 contracts

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

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Missing or Insufficient Review Materials. Upon receipt of the Review Materials, the Asset Representations Reviewer will review the Review Materials to determine if any Review Materials are missing or insufficient for the Asset Representations Reviewer to perform any Test. If the Asset Representations Reviewer determines any missing or insufficient Review Materials, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than [ ] [Business Day][daysDays][calendar days] before completing the Asset Representations Review. The Servicer will have [ ] [Business Day][daysDays][calendar days] to give the Asset Representations Reviewer access to the missing Review Materials or other documents or information to correct the insufficiency. If the missing Review Materials or other documents have not been provided by the Servicer within [ ] [Business Day][daysDays][calendar days], the related Review Report will report a Test Fail for each Test that requires use of the missing or insufficient Review Materials.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Carmax Auto Funding LLC), Asset Representations Review Agreement (Carmax Auto Funding LLC), Asset Representations Review Agreement (Carmax Auto Funding LLC)

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Missing or Insufficient Review Materials. Upon receipt of the Review Materials, the The Asset Representations Reviewer will review the Review Materials 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 Review Materialsfor the Asset Representations Reviewer to perform any Test, the Asset Representations Reviewer will notify the Servicer promptly, and in any event no less than [ [●] [Business Day][daysDays][calendar days] before completing the Review. The , and the Servicer will have [ ] [Business Day][days] use reasonable efforts to give provide the Asset Representations Reviewer access to the such missing Review Materials or other documents or information to correct the insufficiencyinsufficiency within [●] [Business Days][calendar days]. If the missing or insufficient Review Materials or other documents have not been provided by the Servicer within [ [●] [Business Day][daysDays][calendar days], the parties agree that the Subject Receivable will have a Test Incomplete for the related Test(s) and the Review Report will report a indicate the reason for the Test Fail for each Test that requires use of the missing or insufficient Review MaterialsIncomplete.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Hyundai Abs Funding LLC), Asset Representations Review Agreement (Hyundai Abs Funding LLC)

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