Removal of Asset Representations Reviewer. The Issuer may remove the Asset Representations Reviewer and terminate all of its rights and obligations (other than as provided in Section 4.5) under this Agreement (i) if the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer, (ii) on a breach of any of the representations, warranties, covenants or obligations of the Asset Representations Reviewer contained in this Agreement and (iii) on the occurrence of an Insolvency Event with respect to the Asset Representations Reviewer, by notifying the Asset Representations Reviewer, the Trustee and the Servicer of the removal.
Appears in 64 contracts
Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2025-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4)
Removal of Asset Representations Reviewer. The Issuer may remove the Asset Representations Reviewer and terminate all of its rights and obligations (other than as provided in Section 4.54.6) under this Agreement (i) if the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer, (ii) on a breach of any of the representations, warranties, covenants or obligations of the Asset Representations Reviewer contained in this Agreement and (iii) on the occurrence of an Insolvency Event with respect to the Asset Representations Reviewer, by notifying the Asset Representations Reviewer, the Indenture Trustee and the Servicer of the removal.
Appears in 62 contracts
Samples: Asset Representations Review Agreement (ACAR Leasing Ltd.), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2025-1), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2025-1)
Removal of Asset Representations Reviewer. The Issuer may remove the Asset Representations Reviewer and terminate all of its rights and obligations (other than as provided in Section 4.54.6) under this Agreement (i) if the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer, (ii) on a breach of any of the representations, warranties, covenants or obligations of the Asset Representations Reviewer contained in this Agreement and (iii) on the occurrence of an Insolvency Event with respect to the Asset Representations Reviewer, by notifying the Asset Representations Reviewer, the Trustee and the Servicer of the removal.
Appears in 14 contracts
Samples: Asset Representations Review Agreement (AFS SenSub Corp.), Asset Representations Review Agreement (AFS SenSub Corp.), Asset Representations Review Agreement (AFS SenSub Corp.)
Removal of Asset Representations Reviewer. The Issuer may remove the Asset Representations Reviewer and terminate all of its rights and obligations (other than as provided in Section 4.5) under this Agreement (i) if the Asset Representations Reviewer ceases to be an Eligible Asset Representations Reviewer, (ii) on a breach of any of the representations, warranties, covenants or obligations of the Asset Representations Reviewer contained in this Agreement and (iii) on the occurrence of an Insolvency Event with respect to the Asset Representations Reviewer, by notifying the Asset Representations Reviewer, Reviewer and the Trustee and the Servicer of the removal.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC), Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC)
