Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, or, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement: (i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer; (ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or (iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.
Appears in 77 contracts
Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2025-1), Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2025-1), Asset Representations Review Agreement (Capital One Prime Auto Receivables Trust 2024-1)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orTrustee, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallNotes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 50 contracts
Samples: Asset Representations Review Agreement (Nissan Auto Lease Trust 2025-A), Asset Representations Review Agreement (Nissan Auto Lease Trust 2025-A), Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orTrustee, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallNotes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 23 contracts
Samples: Asset Representations Review Agreement (Nissan Auto Leasing LLC Ii), Asset Representations Review Agreement (Nissan Auto Leasing LLC Ii), Asset Representations Review Agreement
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, or, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, with a copy to the Servicer and the Sponsor, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.
Appears in 12 contracts
Samples: Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2025-1), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2025-1), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-4)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orTrustee, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallNotes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.]
Appears in 7 contracts
Samples: Asset Representations Review Agreement (Nissan Auto Leasing LLC Ii), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (Nissan-Infiniti Lt)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, or, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.]
Appears in 3 contracts
Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC), Asset Representations Review Agreement (Santander Drive Auto Receivables LLC), Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, or, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC), Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orTrustee, at the direction of Series 2017-C Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallSeries 2017-C Notes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orTrustee, at the direction of Series 2016-A Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallSeries 2016-A Notes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii), Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orTrustee, at the direction of Series 2017-B Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallSeries 2017-B Notes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, oror , at the direction discretion of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.]
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC), Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, oror , at the direction discretion of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.]
Appears in 2 contracts
Samples: Asset Representations Review Agreement (American Honda Receivables LLC), Asset Representations Review Agreement (American Honda Receivables LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orTrustee, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallNotes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.]
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Nissan-Infiniti Lt LLC), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, orshall, at the direction discretion of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shallNotes, by notice to the Asset Representations Reviewer, shall remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewermeets the eligibility requirements in Section 5.1;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy an Insolvency Event of the Asset Representations Reviewer occurs.]
Appears in 1 contract
Samples: Asset Representations Review Agreement (Nissan Auto Receivables Corp Ii)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, oror , at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.]
Appears in 1 contract
Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the Indenture Trustee may, or, at the direction of Noteholders evidencing a majority of the aggregate Outstanding Amount of the Notes shall, by notice to the Asset Representations Reviewer, with a copy to the Servicer and the Sponsor, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer is no longer an Eligible Asset Representations Reviewer;
(ii) the Asset Representations Reviewer breaches any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) a Bankruptcy Event of the Asset Representations Reviewer occurs.]
Appears in 1 contract
Samples: Asset Representations Review Agreement (Bridgecrest Auto Funding LLC)
