Common use of Review Fee Clause in Contracts

Review Fee. Following the completion of an Asset Review and the delivery to the Indenture Trustee of the Review Report, or the termination of an Asset Review according to Section 3.4(e), and the delivery to the Sponsor and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer a fee of $[●] [for each Subject Lease for which the Asset Review was started] [per hour for its time spent conducting the Asset Review] [as a flat fee for such Review] (the “Review Fee”). However, no Review Fee will be charged for any Subject Lease which was included in a prior Asset Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review according to Section 3.4(e). To the extent not paid by the Sponsor and outstanding for at least 60 days, the Review Fee shall be paid by the Issuer pursuant to Section 8.04 of the Indenture.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Nissan-Infiniti Lt), Asset Representations Review Agreement (Nissan-Infiniti Lt), Asset Representations Review Agreement (Nissan-Infiniti Lt)

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Review Fee. Following the completion of an Asset Review and the delivery to the Indenture Trustee of the Review Report, or the termination of an Asset Review according to Section 3.4(e), and the delivery to the Sponsor and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer a fee of $[●] [for each Subject Lease Asset for which the Asset Review was started] [per hour for its time spent conducting the Asset Review] [as a flat fee for such Review] (the “Review Fee”). However, no Review Fee will be charged for any Subject Lease Asset which was included in a prior Asset Review (unless such Subject Asset is subjected to Tests in such additional Asset Review as described in Section 3.4(d)) or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review according to Section 3.4(e). To the extent not paid by the Sponsor and outstanding for at least 60 days, the Review Fee shall be paid by the Issuer pursuant to Section 8.04 [●] of the IndentureSeries 20[●]-[●] Indenture Supplement.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii), Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii), Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii)

Review Fee. Following the completion of an Asset Review and the delivery to the Indenture Trustee of the Review Report, or the termination of an Asset Review according to Section 3.4(e), and the delivery to the Sponsor and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer a fee of $[] [for each Subject Lease Receivable for which the Asset Review was started] [per started][per hour for its time spent conducting the Asset Review] [as Review][as a flat fee for such Asset Review] (the “Review Fee”). However, no Review Fee will be charged for any Subject Lease Receivable which was included in a prior Asset Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review according to Section 3.4(e). To the extent not paid by the Sponsor and outstanding for at least 60 days, the Review Fee shall be paid by the Issuer pursuant to Section 8.04 5.06 of the IndentureSale and Servicing Agreement.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (Nissan Auto Receivables Corp Ii)

Review Fee. Following the completion of an Asset Review and the delivery to the Indenture Trustee of the Review Report, or the termination of an Asset Review according to Section 3.4(e), and the delivery to the Sponsor and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer a fee of $[] [for each Subject Lease for which the Asset Review was started] [per hour for its time spent conducting the Asset Review] [as a flat fee for such Review] (the “Review Fee”). However, no Review Fee will be charged for any Subject Lease which was included in a prior Asset Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review according to Section 3.4(e). To the extent not paid by the Sponsor and outstanding for at least 60 days, the Review Fee shall be paid by the Issuer Issuing Entity pursuant to Section 8.04 of the Indenture.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Nissan Auto Leasing LLC Ii)

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Review Fee. Following the completion of an Asset Review and the delivery to the Indenture Trustee of the Review Report, or the termination of an Asset Review according to Section 3.4(e), and the delivery to the Sponsor and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer a fee of $[●] [for each Subject Lease Receivable for which the Asset Review was started] [per started][per hour for its time spent conducting the Asset Review] [as Review][as a flat fee for such Asset Review] (the “Review Fee”). However, no Review Fee will be charged for any Subject Lease Receivable which was included in a prior Asset Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review according to Section 3.4(e). To the extent not paid by the Sponsor and outstanding for at least 60 days, the Review Fee shall be paid by the Issuer pursuant to Section 8.04 5.06 of the IndentureSale and Servicing Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

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