Common use of Previously Reviewed Receivable; Duplicative Tests Clause in Contracts

Previously Reviewed Receivable; Duplicative Tests. If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review. If the same Test is required for more than one representation and warranty, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, but will report the results of the Test for each applicable representation and warranty on the Review Report.

Appears in 74 contracts

Samples: Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2024-D Owner Trust), Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

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Previously Reviewed Receivable; Duplicative Tests. If any a Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional perform any Tests on such Review Receivableit, but will include report the previously reported Test results of the previous Tests in the Review Report for the current Review and note that the results relate to a prior Review. If the same Test is required for more than one representation and warrantyor warranty listed on Schedule B, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, Receivable but will report the results of the Test for each applicable representation and warranty on the Review Report.

Appears in 61 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-D), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-C)

Previously Reviewed Receivable; Duplicative Tests. If any Asset Review Receivable was included in a prior Asset Review, the Asset Representations Reviewer will not conduct additional perform any Tests on such Review Receivableit, but will include the previously reported Test results of the previous Tests in the Asset Review Report for the current Asset Review. If the same Test is required for more than one representation and warranty, the Asset Representations Reviewer will only perform the Test once for each Asset Review Receivable, but will report the results of the Test for each applicable representation and warranty on the Asset Review Report.

Appears in 12 contracts

Samples: Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-4), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-4), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-2)

Previously Reviewed Receivable; Duplicative Tests. If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional perform any Tests on such Review Receivableit, but will include the previously reported Test results of the previous Tests in the Review Report for the current Review. If the same Test is required for more than one representation and warrantyor warranty listed on Schedule B, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, Receivable but will report the results of the Test for each applicable representation and or warranty on the Review Report.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (California Republic Funding LLC), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)

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Previously Reviewed Receivable; Duplicative Tests. If any a Group Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional perform any Tests on such Review Receivableit, but will include report the previously reported Test results of the previous Tests in the Review Report for the current Review and note that the results relate to a prior Review. If the same Test is required for more than one representation and warrantyor warranty listed on the Schedule of Tests for the related Group, the Asset Representations Reviewer will only perform the Test once for each Group Review Receivable, Receivable but will report the results of the Test for each applicable representation and warranty on the Review Report.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust)

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