Common use of Review Fee Clause in Contracts

Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 12 contracts

Samples: Review Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Review Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Review Agreement (Mercedes-Benz Auto Lease Trust 2023-A)

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Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No However, no Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 8 contracts

Samples: Review Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Review Agreement (Mercedes-Benz Auto Lease Trust 2019-B), Review Agreement (Mercedes-Benz Auto Lease Trust 2019-A)

Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 175.00 for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No Review Fee will will, however, be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If If, however, a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 8 contracts

Samples: Daimler Trucks (Daimler Trucks Retail Trust 2024-1), Agreement (Daimler Trucks Retail Trust 2024-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No However, no Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c3.03(e) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten (10) Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2017-A), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2016-B)

Review Fee. Following the completion of a Review and the delivery to the Indenture Trustee of the related Review Report pursuant to Section 3.04Report, or the termination of a Review according to Section 3.03(e3.04(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $175 275.00 for each Review Asset Receivable for which the Review was started (the “Review Fee”). However, payable by the Issuer. No no Review Fee will be charged for any Review Asset Receivable which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c3.04(e) or due to missing or insufficient Review Materials under Section 3.02(b3.03(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in Section 5.04 of the Indenture Sale and Servicing Agreement starting on or before the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e3.04(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten five Business Days before the final Payment Date to be reimbursed on such no later than the final Payment Date.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2017-1), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2016-1)

Review Fee. Following the completion of a Review and the delivery to the Indenture Trustee of the related Review Report pursuant to Section 3.04Report, or the termination of a Review according to Section 3.03(e3.4(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 [ ] for each Review Asset Receivable for which the Review was started (the “Review Fee”). However, payable by the Issuer. No no Review Fee will be charged for any Review Asset Receivable which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c3.4(e) or due to missing or insufficient Review Materials under Section 3.02(b3.3(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in Section 5.04 of the Indenture Sale and Servicing Agreement starting on or before the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e3.4(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten five Business Days before the final Payment Date to be reimbursed on such no later than the final Payment Date.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (California Republic Funding LLC), Asset Representations Review Agreement (California Republic Funding LLC), Asset Representations Review Agreement (California Republic Funding LLC)

Review Fee. Following the completion of a Review and the delivery to the Indenture Trustee of the related Review Report pursuant to Section 3.04Report, or the termination of a Review according to Section 3.03(e3.4(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 275 for each Review Asset Receivable for which the Review was started (the “Review Fee”). However, payable by the Issuer. No no Review Fee will be charged for any Review Asset Receivable which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c3.4(e) or due to missing or insufficient Review Materials under Section 3.02(b3.3(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in Section 8.2 of the Indenture starting on or before the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e3.4(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten five Business Days before the final Payment Date to be reimbursed on such 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)

Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 [____] for each Review Asset for which the Review was started (the "Review Fee"). However, payable by the Issuer. No no Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c3.03(e) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten (10) Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Daimler Trust), Asset Representations Review Agreement (Daimler Trust)

Review Fee. Following the completion of a Review and the delivery to the Indenture Trustee of the related Review Report pursuant to Section 3.04Report, or the termination of a Review according to Section 3.03(e3.4(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 $ for each Review Asset Receivable for which the Review was started (the “Review Fee”). However, payable by the Issuer. No no Review Fee will be charged for any Review Asset Receivable which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c3.4(e) or due to missing or insufficient Review Materials under Section 3.02(b3.3(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in Section 8.2 of the Indenture starting on or before the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e3.4(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten five Business Days before the final Payment Date to be reimbursed on such 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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Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 175.00 for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No Review Fee will will, however, be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2018-1)

Review Fee. Following the completion of a Review and the delivery to the Indenture Trustee of the related Review Report pursuant to Section 3.04Report, or the termination of a Review according to Section 3.03(e)3.07, and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 [_____] for each Review Asset for which the Review was started (the "Review Fee"). However, payable by the Issuer. No no Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) 3.07 or due to missing or insufficient Review Materials under Section 3.02(b)3.04. If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in Section [____] of the Indenture starting on or before the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e), however3.07, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten five Business Days before the final Payment Date to be reimbursed on no later than such final Payment Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (BMW Fs Securities LLC)

Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 [●] for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No However, no Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 1 contract

Samples: Review Agreement (Daimler Trust)

Review Fee. Following the completion of a Review and the delivery to the Indenture Trustee of the related Review Report pursuant to Section 3.04Report, or the termination of a Review according to Section 3.03(e)3.07, and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 [_____] for each Review Asset for which the Review was started (the “Review Fee”). However, payable by the Issuer. No no Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) 3.07 or due to missing or insufficient Review Materials under Section 3.02(b)3.04. If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in Section [____] of the Indenture starting on or before the Payment Date in that month. If However, if a Review is terminated according to Section 3.03(e), however3.07, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten five Business Days before the final Payment Date to be reimbursed on such no later than the final Payment Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Financial Services Vehicle Trust)

Review Fee. Following the completion of a Review and the delivery of the related Review Report pursuant to Section 3.04, or the termination of a Review according to Section 3.03(e), and the delivery to the Indenture Trustee and the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $175 [●] for each Review Asset for which the Review was started (the “Review Fee”), payable by the Issuer. No Review Fee will be charged for any Review Asset which was included in a prior Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Review according to Section 3.03(c) or due to missing or insufficient Review Materials under Section 3.02(b). If the detailed invoice is submitted on or before the first day of a month, the Review Fee will be paid by the Issuer according to the priority of payments in the Indenture on the Payment Date in that month. If a Review is terminated according to Section 3.03(e), however, the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Review no later than ten Business Days before the final Payment Date to be reimbursed on such final Payment Date.

Appears in 1 contract

Samples: Review Agreement (Daimler Trust)

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