Common use of Review and Verification Clause in Contracts

Review and Verification. (a) Notwithstanding anything in Section 2.1 to the contrary, on or before the end of the fifth Business Day prior to each Payment Date, the Servicer and the Deal Agent shall provide sufficient data to the Backup Servicer to allow the Backup Servicer to review and confirm that such Monthly Report is readable and contains all information necessary for the Backup Servicer to complete its duties pursuant to this Section 2.2. The Backup Servicer shall, on or before the Business Day preceding each Payment Date with respect to any Collection Period, review the Monthly Report to verify the following based solely on a recalculation of information contained in the Monthly Report:

Appears in 3 contracts

Samples: Backup Servicing Agreement (Credit Acceptance Corp), Backup Servicing Agreement (Credit Acceptance Corp), Backup Servicing Agreement (Credit Acceptance Corp)

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Review and Verification. (a) Notwithstanding anything in Section 2.1 hereof to the contrary, on or before the end of the fifth (5th) Business Day prior to each Payment Date, the Servicer and the Deal Agent shall provide sufficient data to the Backup Servicer to allow the Backup Servicer to review and confirm that such Monthly Report is readable and contains all information necessary for the Backup Servicer to complete its duties pursuant to this Section 2.2. The Backup Servicer shall, on or before the Business Day preceding each Payment Date with respect to any Collection Period, review the Monthly Report corresponding to such Payment Date to verify the following based solely on a recalculation of information contained in the such Monthly Report:

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corp)

Review and Verification. (a) Notwithstanding anything in Section 2.1 to the contrary, on or before the end of the fifth Business Day prior to each Payment Date, the Servicer and the Deal Agent shall provide sufficient data to the Backup Servicer to allow the Backup Servicer to review and confirm that such Monthly Report is readable and contains all information necessary for the Backup Servicer to complete its duties pursuant to this Section 2.2. The Backup Servicer shall, on or before the second (2nd) Business Day preceding each Payment Date with respect to any Collection Period, review the Monthly Report corresponding to such Payment Date to verify the following based solely on a recalculation of information contained in the such Monthly Report:

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corp)

Review and Verification. (a) Notwithstanding anything in Section 2.1 to the contrary, on or before the end of the fifth Business Day prior to each Payment Date, the Servicer and the Deal Agent shall provide sufficient data to the Backup Servicer to allow the Backup Servicer to review and confirm that such Monthly Report is readable and contains all information necessary for the Backup Servicer to complete its duties pursuant to this Section 2.2. The Backup Servicer shall, on or before the Business Day preceding each Payment Date with respect to any Collection Period, review the Monthly Report corresponding to such Payment Date to verify the following based solely on a recalculation of information contained in the Monthly Report:

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corp)

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Review and Verification. (a) Notwithstanding anything in Section 2.1 2.01 to the contrary, on or before the end of the fifth Business Day prior to each Payment Date, the Servicer and the Deal Agent shall provide sufficient data to the Backup Servicer to allow the Backup Servicer to review and confirm that such Monthly Report is readable and contains all information necessary for the Backup Servicer to complete its duties pursuant to this Section 2.22.02. The Backup Servicer shall, on or before the Business Day preceding each Payment Date with respect to any Collection Period, review the Monthly Report to verify the following based solely on a recalculation of information contained in the Monthly Report:

Appears in 1 contract

Samples: Backup Servicing Agreement (Credit Acceptance Corp)

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