Common use of Review Fee Clause in Contracts

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with Section 3.4(f), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $200 for each Subject Receivable for which the Asset Representations Review was started (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with Section 3.4(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 6 contracts

Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC)

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Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor Issuer and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with Section 3.4(f), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $200 for each Subject Receivable for which the Asset Representations Review was started (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with Section 3.4(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 6 contracts

Samples: Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1), Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1), Asset Representations Review Agreement (Fifth Third Auto Trust 2019-1)

Review Fee. Following the completion of an Asset Representations a Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset Representations a Review in accordance with according to Section 3.4(f3.4(e), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $200 for each Subject Review Receivable for which the Asset Representations Review was started (the “Review Fee”), to or such other amount as may be paid as agreed in Section 4.3(c)by the Issuer and the Asset Representations Reviewer. 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(f3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Servicer will pay If a 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 Asset Representations Reviewer priority of payments in accordance with the terms of Indenture Supplements for each Shelf-Eligible Series that directed the detailed invoice from Review, pro rata based on their Floating Investor Percentages, starting on or before the Asset Representations ReviewerPayment Date in that month. If an Asset Representations However, if the Review is terminated in accordance with according to Section 3.4(f3.4(e), 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 5 contracts

Samples: Asset Representations Review Agreement, Asset Representations Review Agreement (Ford Credit Floorplan LLC), Asset Representations Review Agreement (Ford Credit Floorplan LLC)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor Issuer and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with Section 3.4(f), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [$200 [●] for each Subject Receivable for which the Asset Representations Review was started (the “Review Fee”)], to be paid as agreed in Section 4.3(c4.3(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(f). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with Section 3.4(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 2 contracts

Samples: Asset Representations Review Agreement (Hyundai Abs Funding LLC), Asset Representations Review Agreement (Hyundai Abs Funding LLC)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the IssuerRPA Seller, the Sponsor Servicer and the Servicer Transferor of the Review Report, or the termination of an Asset Representations Review in accordance with according to Section 3.4(f3.04(e), and the delivery to the Servicer Servicer, of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $200 for each Subject Receivable for which the Asset Representations Review was started as set forth in the Fee Letter (the “Review Fee”), to be paid as agreed in Section 4.3(c). However, no Review Fee will be charged for any Tests that were performed in a prior Asset Representations Review to the extent provided under Section 3.04(d), 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(f3.04(e). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with according to Section 3.4(f3.04(e), 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 2 contracts

Samples: Asset Representations Review Agreement (First National Funding LLC), Asset Representations Review Agreement (First National Funding LLC)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor Issuer and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with Section 3.4(f3.4(e), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [$200 [●] for each account containing a Subject Receivable for which Receivable][$[●] per hour][insert any other rate agreed upon by the Asset Representations Review was started Reviewer and the Servicer (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f3.4(e). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with Section 3.4(f3.4(e), 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 2 contracts

Samples: Asset Representations Review Agreement (Hyundai Abs Funding LLC), Asset Representations Review Agreement (Hyundai Abs Funding Corp)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the IssuerDepositor, the Sponsor and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with according to Section 3.4(f3.4(e), and the delivery to the Servicer Sponsor of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [$200 [●] for each Account containing a Subject Receivable for which Receivable][$[●] per hour][insert any other rate agreed upon by the Asset Representations Review was started Reviewer and the Sponsor (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f3.4(e). The Servicer Sponsor will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with according to Section 3.4(f3.4(e), 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 2 contracts

Samples: Asset Representations Review Agreement (American Honda Receivables LLC), Asset Representations Review Agreement (American Honda Receivables LLC)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with according to Section 3.4(f3.4(e), and the delivery to the Servicer Sponsor of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [up to $200 [●] for each Account containing a Subject Receivable for which Receivable][$[●] per hour][insert any other rate agreed upon by the Asset Representations Review was started Reviewer and the Sponsor] (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f3.4(e). The Servicer Sponsor will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations ReviewerSection 4.3(d) of this Agreement. If an Asset Representations Review is terminated in accordance with according to Section 3.4(f3.4(e), 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 2 contracts

Samples: Asset Representations Review Agreement (American Honda Receivables LLC), Asset Representations Review Agreement (American Honda Receivables LLC)

Review Fee. Following the completion of an Asset Representations a Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor and the Servicer of the related Review Report, or the termination of an Asset Representations Review Report in accordance with Section 3.4(f)3.07, and the delivery to the Servicer of a detailed invoice, Issuing Entity shall pay the Asset Representations Reviewer will be entitled to a fee of $200 [ ] for each Subject ARR Receivable for which the Asset Representations Review a Test was started completed (the “Review Fee”), to be paid as agreed ) in accordance with the priority of payments set forth in Section 4.3(c)5.04(b) of the Sale and Servicing Agreement or Section 5.04(b) of the Indenture, as applicable. However, no Review Fee will be charged for any Tests that were performed ARR 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 according to Section 3.10 or due to missing or insufficient Review Materials in accordance with Section 3.4(f)3.04. The Servicer will pay the If all or a portion of any Review Fee due and payable to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from on a Payment Date is not paid to the Asset Representations ReviewerReviewer on such Payment Date, then the Servicer shall pay such unpaid portion within 30 days of receipt of a detailed written invoice therefor. If an Asset Representations However, if a Review is terminated in accordance with according to Section 3.4(f)3.10, the Asset Representations Reviewer must submit its invoice to the Servicer for the Review Fee for the terminated Asset Representations Review no later than five Business Days ten (10) business days before the final Payment Date Date. For the avoidance of doubt, the aggregate limit on the Review Fee specified in order 5.04(b)(iii) of the Sale and Servicing Agreement shall not apply to be reimbursed no later than payments made by the final Payment DateServicer to the Asset Representations Reviewer pursuant to this Section 4.01(b).

Appears in 2 contracts

Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.), Asset Representations Review Agreement (John Deere Receivables LLC)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with according to Section 3.4(f3.4(e), and the delivery to the Servicer Sponsor of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [up to $200 [•] for each Account containing a Subject Receivable for which Receivable][$[•] per hour][insert any other rate agreed upon by the Asset Representations Review was started Reviewer and the Sponsor] (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f3.4(e). The Servicer Sponsor will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations ReviewerSection 4.3(d) of this Agreement. If an Asset Representations Review is terminated in accordance with according to Section 3.4(f3.4(e), 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 1 contract

Samples: Asset Representations Review Agreement (Porsche Auto Funding LLC)

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Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the IssuerSeller, the Sponsor Servicer and the Servicer Transferor of the Final Review Report, or the termination of an Asset Representations Review in accordance with according to Section 3.4(f3.4(e), and the delivery to the Servicer Servicer, of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $200 for each Subject Receivable for which the Asset Representations Review was started as set forth in the Fee Letter (the "Review Fee”), to be paid as agreed in Section 4.3(c"). However, no Review Fee will be charged for any Tests that were performed in a prior Asset Representations Review to the extent provided in Section 3.4(b), 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(f3.4(e). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms within thirty (30) days of receipt of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with according to Section 3.4(f3.4(e), the Asset Representations Reviewer must submit its invoice for the Review Fee for the terminated Asset Representations Review no later than five (5) Business Days before the final Payment Date in order to be reimbursed no later than the final Payment Date.

Appears in 1 contract

Samples: Asset Representations Review Agreement (World Financial Network Credit Card Master Note Trust)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor Issuer and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with Section 3.4(f3.4(e), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [$200 [●] for each Subject Receivable for which Receivable][$[●] per hour][insert any other rate agreed upon by the Asset Representations Review was started Reviewer and the Servicer (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f3.4(e). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with Section 3.4(f3.4(e), 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 1 contract

Samples: Asset Representations Review Agreement (Fifth Third Holdings Funding, LLC)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor Issuer and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with Section 3.4(f), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [$200 [●] for each Subject Receivable Receivable][$[●] per hour][insert any other rate agreed for which the Asset Representations Review was started (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with Section 3.4(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 1 contract

Samples: Asset Representations Review Agreement (Fifth Third Holdings Funding, LLC)

Review Fee. Following the completion of an Asset Representations Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor Issuer and the Servicer of the Review Report, or the termination of an Asset Representations Review in accordance with Section 3.4(f), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of [$200 [•] for each Subject Receivable Receivable][$[•] per hour][insert any other rate agreed for which the Asset Representations Review was started (the “Review Fee”), to be paid as agreed in Section 4.3(c). 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(f). The Servicer will pay the Review Fee to the Asset Representations Reviewer in accordance with the terms of the detailed invoice from the Asset Representations Reviewer. If an Asset Representations Review is terminated in accordance with Section 3.4(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 1 contract

Samples: Asset Representations Review Agreement (Fifth Third Holdings Funding, LLC)

Review Fee. Following the completion of an Asset Representations a Review and the delivery to the Indenture Trustee, the Issuer, the Sponsor and the Servicer Trustee of the Review Report, or the termination of an Asset Representations a Review in accordance with according to Section 3.4(f3.4(e), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of $200 up to $ for each Subject Review Receivable for which the Asset Representations Review was started (the “Review Fee”), to or such other amount as may be paid as agreed in Section 4.3(c)by the Issuer and the Asset Representations Reviewer. 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(f3.4(e) or due to missing or insufficient Review Materials under Section 3.3(b). The Servicer 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 according to the Asset Representations Reviewer priority of payments in accordance with the terms of Indenture Supplements for each Shelf-Eligible Series that directed the detailed invoice from Review, pro rata, starting on or before the Asset Representations ReviewerPayment Date in that month. If an Asset Representations However, if a Review is terminated in accordance with according to Section 3.4(f3.4(e), 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 1 contract

Samples: Asset Representations Review Agreement (Ford Credit Floorplan Corp)

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