Removal of Asset Representations Reviewer. If any of the following events occur, the Sponsor, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement: (i) the Asset Representations Reviewer no longer meets 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) an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 64 contracts
Samples: Asset Representations Review Agreement (Honda Auto Receivables 2024-4 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-4 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-3 Owner Trust)
Removal of Asset Representations Reviewer. If any of the following events occur, the SponsorIssuer, by notice to the Asset Representations Reviewer, may may, and in the case of clause (i) below, shall, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer no longer meets 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) an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 62 contracts
Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-C), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-C), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-B)
Removal of Asset Representations Reviewer. If any of the following events occur, the Sponsor, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer no longer meets 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) 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 Sponsor[Issuer], by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer no longer meets 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) an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Macquarie Leasing Pty LTD), Asset Representations Review Agreement (Macquarie Leasing Pty LTD)
Removal of Asset Representations Reviewer. If any of the following events occur, the SponsorIssuer, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer no longer meets 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) an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (CNH Capital Receivables LLC), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the SponsorServicer, by notice to the Asset Representations Reviewer, may may, and in the case of clause (i) below, shall, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer no longer meets 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) an Insolvency Event of the Asset Representations Reviewer occurs.
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)
Removal of Asset Representations Reviewer. If any of the following events occur, the SponsorIssuer, by notice to the Asset Representations Reviewer, may may, and in the case of clause (i) below, shall, remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer no longer meets the eligibility requirements in Section 5.15.01;
(ii) the Asset Representations Reviewer breaches of any of its representations, warranties, covenants or obligations in this Agreement; or
(iii) an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC)
Removal of Asset Representations Reviewer. If any of the following events occur, the SponsorDiscover Bank, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) the Asset Representations Reviewer no longer meets 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) an Insolvency Event of the Asset Representations Reviewer occurs.
Appears in 1 contract
Samples: Asset Representations Review Agreement (Discover Card Master Trust I)
Removal of Asset Representations Reviewer. If any of the following events occur, the Sponsor, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:
(i) [the Asset Representations Reviewer no longer meets 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) an Insolvency a Bankruptcy Event of the Asset Representations Reviewer occurs.]
Appears in 1 contract
Samples: Asset Representations Review Agreement (Porsche Auto Funding LLC)
