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 $200 for each Subject Receivable for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject 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 5.06 of the Sale and Servicing Agreement.

Appears in 32 contracts

Samples: Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (Nissan Auto Receivables 2021-a Owner Trust)

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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 $200 for each Subject Receivable Lease for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject Receivable 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 5.06 8.04 of the Sale and Servicing AgreementIndenture.

Appears in 16 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Leasing LLC Ii), Asset Representations Review Agreement (Nissan Auto Leasing LLC Ii), Asset Representations Review Agreement (Nissan Auto Leasing LLC 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 $200 for each Subject Receivable Lease for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject Receivable 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 sixty (60) days, the Review Fee shall be paid by the Issuer Issuing Entity pursuant to Section 5.06 8.04 of the Sale and Servicing AgreementIndenture.

Appears in 10 contracts

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

Review Fee. Following the completion of an Asset Review and the delivery to the Indenture Trustee of the related Review ReportReport pursuant to Section 3.04, or the termination of an Asset Review according to Section 3.4(e3.03(e), and the delivery to the Sponsor Indenture Trustee and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer will be entitled to a fee of $200 200.00 for each Subject Receivable Lease for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject Receivable 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(e3.03(e) or due to missing or insufficient Review Materials under Section 3.02(b). 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 5.06 of the Sale and Servicing Agreement.

Appears in 7 contracts

Samples: Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

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 $200 for each Subject Receivable for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject 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 sixty (60) days, the Review Fee shall be paid by the Issuer pursuant to Section 5.06 of the Sale and Servicing Agreement.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-B Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2024-a Owner Trust)

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 $200 for each Subject Receivable for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject 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 5.06 of the Sale and Servicing Agreement.. 7 (NAROT 2023-B Asset Representations Review Agreement)

Appears in 2 contracts

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

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 $200 for each Subject Receivable Lease for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject Receivable 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 5.06 8.04 of the Sale and Servicing AgreementIndenture.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Leasing LLC Ii), 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 $200 for each Subject Receivable for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject 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 5.06 of the Sale and Servicing Agreement.. 7 (NAROT 2022-B Asset Representations Review Agreement)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2022-B Owner Trust), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

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 $200 for each Subject Receivable Lease for which the Asset Review was started (the “Review Fee”). However, no Review Fee will be charged for any Subject Receivable 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 sixty (60) days, the Review Fee shall be paid by the Issuer Issuing Entity pursuant to Section 5.06 8.04 of the Sale and Servicing Indenture. 7 (NALT 2023-B Asset Representations Review Agreement.)

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Lease Trust 2023-B), Asset Representations Review Agreement (Nissan Auto Lease Trust 2023-B)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee of the Review ReportReport pursuant to Section 3.5, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Issuer, the Administrator and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer will be entitled to a fee of $200 for each Subject Receivable for which the Asset Review was started [_] (the “Review Fee”). HoweverIf a detailed invoice is submitted on or before the first day of a month, no the Review Fee will be charged for any Subject Receivable which was included paid by the Issuer starting on the Payment Date in a prior Asset that month. However, if the Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review is terminated according to Section 3.4(e). To , the extent not paid by the Sponsor and outstanding Asset Representations Reviewer must submit its invoice for at least 60 days, the Review Fee shall for the terminated Review no later than five (5) Business Days before the final Payment Date to be paid by reimbursed no later than the Issuer pursuant to Section 5.06 of the Sale and Servicing Agreementfinal Payment Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Verizon ABS LLC)

Review Fee. Following the completion of an Asset a Review and the delivery to the Indenture Trustee of the Review ReportReport pursuant to Section 3.5, or the termination of an Asset a Review according to Section 3.4(e), and the delivery to the Sponsor Issuer, the Administrator and the Servicer of a detailed invoice, the Sponsor shall pay to the Asset Representations Reviewer will be entitled to a fee of $200 for each Subject Receivable for which the Asset Review was started 50,000 (the “Review Fee”). HoweverIf a detailed invoice is submitted on or before the first day of a month, no the Review Fee will be charged for any Subject Receivable which was included paid by the Issuer starting on the Payment Date in a prior Asset that month. However, if the Review or for which no Tests were completed prior to the Asset Representations Reviewer being notified of a termination of the Asset Review is terminated according to Section 3.4(e). To , the extent not paid by the Sponsor and outstanding Asset Representations Reviewer must submit its invoice for at least 60 days, the Review Fee shall for the terminated Review no later than five (5) Business Days before the final Payment Date to be paid by reimbursed no later than the Issuer pursuant to Section 5.06 of the Sale and Servicing Agreementfinal Payment Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Verizon Owner Trust 2020-B)

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