Common use of Review Fee Clause in Contracts

Review Fee. Following the completion of an Asset Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer of the Review Report, or the termination of an Asset Review according to Section 3.4(e), and the delivery to the Sponsor of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 for each Account containing a Subject Receivable (the “Review Fee”). However, no Review Fee will be charged for any Tests that were performed in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Representations Review in accordance with Section 3.4(e). The Sponsor will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of Section 4.3(d) of this Agreement. If an Asset Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date to be reimbursed no later than the final Payment Date.

Appears in 60 contracts

Samples: Asset Representations Review Agreement (Honda Auto Receivables 2024-2 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-2 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-1 Owner Trust)

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Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Sponsor Issuer and the Servicer of the Review Report, or the termination of an Asset Representations Review according to in accordance with Section 3.4(e3.4(f), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 200 for each Account containing a Subject Receivable for which the Asset Representations Review was started (the “Review Fee”), to be paid as agreed in Section 4.3(e). However, no Review Fee will be charged for any Tests that were performed in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Representations Review in accordance with Section 3.4(e3.4(f). The Sponsor Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of Section 4.3(d) of this Agreementthe detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated according to in accordance with Section 3.4(e3.4(f), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Representations Review no later than five Business Days before the final Payment Date in order to be reimbursed no later than the final Payment Date.

Appears in 40 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-B), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-B), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 230 for each Account containing a Subject Review Receivable for which the Review was started (the “Review Fee”). However, no Review Fee will be charged paid for any Tests that were performed Review Receivable which was included in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to before the Asset Representations Reviewer being notified received notice of a termination of the Asset Representations Review in accordance with according to Section 3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Sponsor will pay If a detailed invoice is submitted on or before the first day of a month, the Review Fee to will be paid by the Asset Representations Reviewer Issuer starting on or before the Payment Date in accordance with that month. However, if the terms of Section 4.3(d) of this Agreement. If an Asset Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date to be reimbursed no later than the final Payment Date.

Appears in 30 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2021-A)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 175 for each Account containing a Subject Receivable Review Lease for which the Review was started (the “Review Fee”). However, no Review Fee will be charged paid for any Tests that were performed Review Lease which was included in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to before the Asset Representations Reviewer being notified received notice of a termination of the Asset Representations Review in accordance with according to Section 3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Sponsor will pay If a detailed invoice is submitted on or before the first day of a month, the Review Fee to will be paid by the Asset Representations Reviewer Issuer starting on or before the Payment Date in accordance with that month. However, if the terms of Section 4.3(d) of this Agreement. If an Asset Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date to be reimbursed no later than the final Payment Date.

Appears in 21 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-A)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 230 for each Account containing a Subject Review Receivable for which the Review was started (the "Review Fee"). However, no Review Fee will be charged paid for any Tests that were performed Review Receivable which was included in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to before the Asset Representations Reviewer being notified received notice of a termination of the Asset Representations Review in accordance with according to Section 3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Sponsor will pay If a detailed invoice is submitted on or before the first day of a month, the Review Fee to will be paid by the Asset Representations Reviewer Issuer starting on or before the Payment Date in accordance with that month. However, if the terms of Section 4.3(d) of this Agreement. If an Asset Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date to be reimbursed no later than the final Payment Date.

Appears in 14 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-B), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-A)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 175 for each Account containing a Subject Receivable Review Lease for which the Review was started (the "Review Fee"). However, no Review Fee will be charged paid for any Tests that were performed Review Lease which was included in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to before the Asset Representations Reviewer being notified received notice of a termination of the Asset Representations Review in accordance with according to Section 3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Sponsor will pay If a detailed invoice is submitted on or before the first day of a month, the Review Fee to will be paid by the Asset Representations Reviewer Issuer starting on or before the Payment Date in accordance with that month. However, if the terms of Section 4.3(d) of this Agreement. If an Asset Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date to be reimbursed no later than the final Payment Date.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-A)

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Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 $ for each Account containing a Subject Receivable Review Lease for which the Review was started (the “Review Fee”). However, no Review Fee will be charged paid for any Tests that were performed Review Lease which was included in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to before the Asset Representations Reviewer being notified received notice of a termination of the Asset Representations Review in accordance with according to Section 3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Sponsor will pay If a detailed invoice is submitted on or before the first day of a month, the Review Fee to will be paid by the Asset Representations Reviewer Issuer starting on or before the Payment Date in accordance with that month. However, if the terms of Section 4.3(d) of this Agreement. If an Asset Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date to be reimbursed no later than the final Payment Date.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (CAB East LLC), Asset Representations Review Agreement (CAB East LLC)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 $ for each Account containing a Subject Review Receivable for which the Review was started (the “Review Fee”). However, no Review Fee will be charged for any Tests that were performed Review Receivable which was included in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Representations Review in accordance with according to Section 3.4(e). The Sponsor will pay If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer pursuant to the Asset Representations Reviewer priority of payments in accordance with Section 8.2 of the terms of Section 4.3(d) of this AgreementIndenture starting on or before the Payment Date in that month. If an Asset However, if a Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date in order to be reimbursed no later than the final Payment Date.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (CNH Capital Receivables LLC), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 $ for each Account containing a Subject Review Receivable for which the Review was started (the “Review Fee”). However, no Review Fee will be charged paid for any Tests that were performed Review Receivable which was included in a prior Asset Representations Review or for any Asset Representations Review in which no Tests were completed prior to before the Asset Representations Reviewer being notified received notice of a termination of the Asset Representations Review in accordance with according to Section 3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Sponsor will pay If a detailed invoice is submitted on or before the first day of a month, the Review Fee to will be paid by the Asset Representations Reviewer Issuer starting on or before the Payment Date in accordance with that month. However, if the terms of Section 4.3(d) of this Agreement. If an Asset Review is terminated according to Section 3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Review no later than five Business Days before the final Payment Date to be reimbursed no later than the final Payment Date.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)

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