Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09. The Issuing Entity expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is not providing legal advice as to any matter.
Appears in 19 contracts
Samples: Asset Representations Review Agreement (Deere John Capital Corp), Asset Representations Review Agreement (John Deere Receivables LLC), Asset Representations Review Agreement (Deere John Capital Corp)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 16 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Owner Trust 2024-A), Asset Representations Review Agreement (BMW Vehicle Owner Trust 2024-A), Asset Representations Review Agreement (BMW Vehicle Owner Trust 2023-A)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is not providing legal advice as to any matter.
Appears in 14 contracts
Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.), Asset Representations Review Agreement (John Deere Receivables LLC), Asset Representations Review Agreement (John Deere Owner Trust 2018-B)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09. The Issuing Entity expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is not providing legal advice as to any matter.
Appears in 7 contracts
Samples: Asset Representations Review Agreement (John Deere Owner Trust 2024-C), Asset Representations Review Agreement (John Deere Owner Trust 2024-B), Asset Representations Review Agreement (John Deere Owner Trust 2024-B)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger breach of the terms of any representation or warranty has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct any applicable triggering events for a ReviewReview occurred, (iii) to determine which Accounts and/or Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient incomplete Review Materials (except to the extent set forth in Section 3.04)Materials, or (vi) to take any action or cause any other party to take any action under any of the Basic Transaction Documents to enforce any remedies for breaches of any Eligible representations or warranties, including the Covered Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials and will have no obligation to perform additional testing procedures on any ARR Review Accounts or Review Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may perform additional testing procedures and may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Transferors expressly agrees agree that the Asset Representations Reviewer is not advising the Issuing Entity Transferors or any Noteholder Affiliate of the Transferors or any Certificateholder or any investor or future investor concerning the suitability of the Notes Certificates or any investment strategy. The Issuing Entity Transferors expressly acknowledges acknowledge and agrees agree that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 4 contracts
Samples: Asset Representations Review Agreement (American Express Receivables Financing Corp Iv LLC), Asset Representations Review Agreement (American Express Credit Account Master Trust), Asset Representations Review Agreement (American Express Receivables Financing Corp Iv LLC)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2024-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2021-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2021-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2021-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 20[__]-[__] Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (Financial Services Vehicle Trust), Asset Representations Review Agreement (Financial Services Vehicle Trust)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any representations or warranties contained in any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Fs Securities LLC), Asset Representations Review Agreement (BMW Fs Securities LLC)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2022-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2022-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2022-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and Table of Contents report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09. The Issuing Entity expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is not providing legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (John Deere Owner Trust 2020-B), Asset Representations Review Agreement (John Deere Owner Trust 2020-B)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2016-2 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2016-2), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2016-2)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2023-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2023-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2023-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2024-2 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-2), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-2)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2017-2 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-2), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-2)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2016-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2016-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2016-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2023-2 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2023-2), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2023-2)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger breach of the terms of any representation or warranty has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct any applicable triggering events for a ReviewReview occurred, (iii) to determine which Accounts and/or Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient incomplete Review Materials (except to the extent set forth in Section 3.04)Materials, or (vi) to take any action or cause any other party to take any action under any of the Basic Transaction Documents to enforce any remedies for breaches of any Eligible representations or warranties, including the Covered Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials and will have no obligation to perform additional testing procedures on any ARR Review Accounts or Review Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may perform additional testing procedures and may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Transferor expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Transferor or any Affiliate of the Transferor or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Transferor expressly acknowledges acknowledge and agrees agree that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement, Asset Representations Review Agreement (American Express Receivables Financing Corp VIII LLC)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2018-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2018-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2018-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger breach of the terms of any representation or warranty has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct any applicable triggering events for a ReviewReview occurred, (iii) to determine which Accounts and/or Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient incomplete Review Materials (except to the extent set forth in Section 3.04)Materials, or (vi) to take any action or cause any other party to take any action under any of the Basic Transaction Documents to enforce any remedies for breaches of any Eligible representations or warranties, including the Covered Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials and will have no obligation to perform additional testing procedures on any ARR Review Accounts or Review Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may perform additional testing procedures and may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Transferor expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Transferor or any Affiliate of the Transferor or any Noteholder or any investor or future investor concerning the suitability of the Notes Certificates or any investment strategy. The Issuing Entity Transferor expressly acknowledges acknowledge and agrees agree that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (American Express Receivables Financing Corp VIII LLC), Asset Representations Review Agreement (American Express Receivables Financing Corp VIII LLC)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09. The Issuing Entity expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is not providing legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (John Deere Owner Trust 2024), Asset Representations Review Agreement (John Deere Owner Trust 2023-B)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2017-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2019-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 2 contracts
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2019-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2019-1)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2021-2 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 1 contract
Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2021-2)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04)Materials, or (vi) to take any action or cause any other party to take any action under any of the Basic Transaction Documents to enforce any remedies for breaches of any Eligible Representationsrepresentations or warranties. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 1 contract
Samples: Asset Representations Review Agreement (BMW Fs Securities LLC)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04)Materials, or (vi) to take any action or cause any other party to take any action under any of the Basic Documents [Trust Documents] to enforce any remedies for breaches of any representations or warranties about the Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials and will have no obligation to perform additional testing procedures on any ARR Receivables or Review Policies or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The [Issuing Entity Entity] expressly agrees that that the Asset Representations Reviewer is not advising the [Issuing Entity or any Noteholder Noteholder] or any investor or future investor concerning the suitability of the Notes [Trust] or any investment strategy. The [Issuing Entity Entity] expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 1 contract
Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 20[__]-[__] Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04)Materials, or (vi) to take any action or cause any other party to take any action under any of the Basic Documents [Trust Documents] to enforce any remedies for breaches of any representations or warranties about the Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials and will have no obligation to perform to perform additional testing procedures on any ARR Receivables Review Assets or Review Policies or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 1 contract
Samples: Asset Representations Review Agreement (Financial Services Vehicle Trust)
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables 2017-1 Leases are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04), or (vi) to take any action or cause any other party to take any action under any of the Basic Documents to enforce any remedies for breaches of any Eligible RepresentationsRepresentations or (vii) to determine whether any Test Fail constitutes a breach of any Basic Document. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials made accessible to it in accordance with the terms of this Agreement, and will have no obligation to perform additional testing procedures on any ARR Receivables or to consider any additional information provided by any partyReview Assets other than as specified in this Agreement. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.073.08. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity Issuer expressly agrees that the Asset Representations Reviewer is not advising the Issuing Entity Issuer or any Noteholder or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity Issuer expressly acknowledges and agrees that the Asset 6 Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 1 contract
Review and Procedure Limitations. The Asset Representations Reviewer will have no obligation (i) to determine whether a Delinquency Trigger has occurred, (ii) to determine whether the required percentage of Noteholders has voted to direct a Review, (iii) to determine which Receivables are subject to a Review, (iv) to obtain or confirm the validity of the Review Materials, (v) to obtain missing or insufficient Review Materials (except to the extent set forth in Section 3.04)Materials, or (vi) to take any action or cause any other party to take any action under any of the Basic Documents [Trust Documents] to enforce any remedies for breaches of any representations or warranties about the Eligible Representations. The Asset Representations Reviewer will only be required to perform the Tests provided in Exhibit A in consideration of the Review Materials and will have no obligation to perform additional testing procedures on any ARR Receivables or Review Policies or to consider any additional information provided by any party. The Asset Representations Reviewer will have no obligation to provide reporting or information in addition to that described in Section 3.07. However, the Asset Representations Reviewer may review and report on additional information that it determines in good faith to be material to its performance under this ARR Agreement and may re-perform a Review with respect to an ARR Receivable as contemplated by Section 3.09Agreement. The Issuing Entity expressly agrees that the Asset Representations Reviewer is not advising the [Issuing Entity or any Noteholder Noteholder] or any investor or future investor concerning the suitability of the Notes or any investment strategy. The Issuing Entity expressly acknowledges and agrees that the Asset Representations Reviewer is not an expert in accounting, tax, regulatory, or legal matters, and that the Asset Representations Reviewer is does not providing provide legal advice as to any matter.
Appears in 1 contract
Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.)