Common use of No Resignation of Asset Representations Reviewer Clause in Contracts

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law. The Asset Representations Reviewer will notify the Issuer and the Servicer of its resignation as soon as practicable after it determines it is required to resign and stating the resignation date and including an Opinion of Counsel supporting its determination.

Appears in 63 contracts

Samples: Asset Representations Review Agreement (Honda Auto Receivables 2024-2 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-2 Owner Trust), Asset Representations Review Agreement (Porsche Auto Funding LLC)

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No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law5.1. The Asset Representations Reviewer will notify the Issuer and the Servicer of its resignation as soon as practicable after it determines it is required to resign and stating the resignation date and including an Opinion of Counsel supporting its determination.

Appears in 57 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-B), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A)

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law. The Asset Representations Reviewer will notify the Issuer and the Servicer deliver [__] day’s prior written notice of its resignation as soon as practicable after it determines it is required to resign the Sponsor, the Servicer, the Depositor, the Issuer, and stating the resignation date and including Indenture Trustee, together with an Opinion of Counsel supporting its determination.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (American Honda Receivables LLC), Asset Representations Review Agreement (American Honda Receivables LLC)

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law5.01. The Asset Representations Reviewer will notify the Issuer and the Servicer of its resignation as soon as practicable after it determines it is required to resign and stating the resignation date and including an Opinion of Counsel supporting its determination.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC)

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer it determines it is legally unable to perform its obligations under this Agreement and there is no longer meets the eligibility requirements in Section 5.1 or (b) upon determination reasonable action that it could take to make the performance of its duties obligations under this Agreement is no longer permissible permitted under applicable law. The Asset Representations Reviewer will notify deliver a notice of its resignation to the Issuer and the Servicer of its resignation as soon as practicable after it determines it is required to resign and stating the resignation date and including Servicer, together with an Opinion of Counsel supporting its determination.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (CNH Capital Receivables LLC), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law5.1. The Asset Representations Reviewer will notify the Issuer and the Servicer deliver [__] day’s prior written notice of its resignation as soon as practicable after it determines it is required to resign the Servicer, the Issuer, and stating the resignation date and including Indenture Trustee, together with an Opinion opinion of Counsel counsel supporting its determination.

Appears in 2 contracts

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

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law5.1. The Asset Representations Reviewer will notify the Issuer Trustee, the Manager, the Servicer and the Servicer US$ Note Trustee of its resignation as soon as practicable after it determines it is required to resign and stating such notice must state the resignation date and including include an Opinion opinion of Counsel counsel supporting its determination.

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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No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law. The Asset Representations Reviewer will notify deliver a notice of its resignation to the Issuer and the Servicer of its resignation as soon as practicable after it determines it is required to resign and stating the resignation date and including Master Servicer, together with an Opinion of Counsel supporting its determination.

Appears in 1 contract

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

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 or (b) upon determination that the performance of its duties under this Agreement is no longer permissible under applicable law. The Asset Representations Reviewer will notify the Issuer and the Servicer deliver [ ] day’s prior written notice of its resignation as soon as practicable after it determines it is required to resign the Seller, the Servicer, the Issuer, the Transferor and stating the resignation date and including Indenture Trustee, together with an Opinion of Counsel supporting its determination.

Appears in 1 contract

Samples: Indemnification Agreement (World Financial Network Credit Card Master Trust)

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 [or (b) upon determination it determines it is legally unable to perform its obligations under this Agreement and there is no reasonable action that it could take to make the performance of its duties obligations under this Agreement is no longer permissible permitted under applicable law]. The Asset Representations Reviewer will notify deliver a notice of its resignation to the Issuer and the Servicer of its resignation as soon as practicable after it determines it is required to resign and stating the resignation date and including Servicer, together with an Opinion of Counsel supporting its determination.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer unless (a) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.1 [or (b) upon determination it determines it is legally unable to perform its obligations under this Agreement and there is no reasonable action that it could take to make the performance of its duties obligations under this Agreement is no longer permissible permitted under applicable law]. The Asset Representations Reviewer will notify deliver a notice of its resignation to the Issuer and the Servicer Servicer, together with an opinion of its resignation as soon as practicable after it determines it is required to resign and stating the resignation date and including an Opinion of Counsel counsel supporting its determination.

Appears in 1 contract

Samples: Form of Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

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