Common use of No Default; No Waiver Clause in Contracts

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. Receivable File Servicing System/Data Tape i) Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date ii) Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable iii) If Steps (i) and (ii) are confirmed, then Test Pass

Appears in 40 contracts

Samples: Asset Representations Review Agreement (Drive Auto Receivables Trust 2021-3), Asset Representations Review Agreement (Drive Auto Receivables Trust 2021-3), Asset Representations Review Agreement (Drive Auto Receivables Trust 2021-2)

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No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. Receivable File Servicing System/Data Tape i) Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date ii) Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable iii) If Steps (i) and (ii) are confirmed, then Test PassPass Exh. A - 9 Asset Representations Review Agreement (SDART 2018-1)

Appears in 2 contracts

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

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. Receivable File Servicing System/Data Tape i) Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date ii) Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable iii) If Steps (i) and (ii) are confirmed, then Test PassPass Exh. A - 9 Asset Representations Review Agreement (SDART 2022-2)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2022-2), Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2022-2)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. Receivable File Servicing System/Data Tape i) Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date ii) Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable iii) If Steps (i) and (ii) are confirmed, then Test PassPass Exh. A - 9 Asset Representations Review Agreement (DRIVE 2024-1)

Appears in 2 contracts

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

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. Receivable File Servicing System/Data Tape i) Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date ii) Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable iii) If Steps (i) and (ii) are confirmed, then Test PassPass Exh. A - 9 Asset Representations Review Agreement (SDART 2024-1)

Appears in 2 contracts

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

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No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. Receivable File Servicing System/Data Tape i) Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date ii) Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the Receivable iii) If Steps (i) and (ii) are confirmed, then Test PassPass Exh. A - 9 Asset Representations Review Agreement (SDART 2023-1)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2023-1), Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2023-1)

No Default; No Waiver. Except for payment delinquencies continuing for a period of not more than 30 days as of the Cut-Off Date, the records of the Servicer did not disclose that any default, breach, violation or event permitting acceleration under the terms of the Receivable existed as of the Cut-Off Date or that any continuing condition that with notice or lapse of time, or both, would constitute a defaultDefault, breach, violation or event permitting acceleration under the terms of the Receivable had arisen as of the Cut-Off Date and the Seller has not waived any of the foregoing. Receivable File Servicing System/Data Tape i) Confirm there is no indication of a default, breach, violation or event that would permit acceleration under the terms of the Receivable except for payment default within 30 days of the Cut-Off Date ii) Confirm that no continuing condition would constitute a default, breach, violation or event permitting acceleration under the terms of the ReceivableReceivable other than documented deferrals and waivers of late payment charges or fees iii) If Steps (i) i and (ii) ii are confirmed, then Test Pass

Appears in 1 contract

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

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