Common use of Previously Reviewed Receivable Clause in Contracts

Previously Reviewed Receivable. If any Subject Asset was included in a prior Asset Review (the “Prior Review”), the Asset Representations Reviewer will perform Tests on such Subject Asset only if the Asset Representations Reviewer has reason to believe that the Prior Review was conducted in a manner that would not have ascertained compliance with one or more of the representations and warranties set forth on Schedule A hereto; otherwise, the Asset Representations Reviewer will include in the Review Report for the Asset Review the results of the Tests with respect to such Subject Asset from the Prior Review.

Appears in 16 contracts

Samples: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii)

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