Common use of Review Process Limitations Clause in Contracts

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

Appears in 51 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-D), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2024-C)

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Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a an Asset Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Review, and may rely on the lists of Review Subject Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or; (v) to take any action or cause any other party to take any action under any of the Transaction Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Subject Receivables; or (vi) to establish cause, materiality or recourse for any failed Test.

Appears in 43 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 Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a an Asset Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables Leases are subject to a an Asset Review, and may rely on the lists of Review Receivables Subject Leases provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or; (v) to take any action or cause any other party to take any action under any of the Transaction Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesSubject Leases; or (vi) to establish cause, materiality or recourse for any failed Test.

Appears in 34 contracts

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

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables Leases are subject to a Review, and may rely on the lists of Review Receivables Leases provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials Materials, and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesLeases.

Appears in 32 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)

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables Leases are subject to a Review, and may rely on the lists of Review Receivables Leases provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials Materials, and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review MaterialsMaterials and; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesLeases.

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Two LLC), Asset Representations Review Agreement (Ford Credit Auto Lease Two LLC), Asset Representations Review Agreement (CAB East LLC)

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and will not be liable for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Basic Documents or otherwise to enforce any remedies against any Person for noncompliance or breaches of representations or warranties about the Review Receivables.

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 Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

Appears in 4 contracts

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

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Status Trigger has occurred or whether the required percentage of the Noteholders of a Shelf-Eligible Series has voted to direct a Review under the Indenturerelated Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

Appears in 4 contracts

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

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a an Asset Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Review, and may rely on the lists of Review Subject Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or (v) to take any action or cause any other party to take any action under any of the Transaction Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Subject Receivables.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (American Honda Receivables LLC), Asset Representations Review Agreement (Nissan Auto Receivables Corp Ii), Asset Representations Review Agreement (American Honda Receivables LLC)

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

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 Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Status Trigger has occurred or whether the required percentage of the Noteholders of a Shelf-Eligible Series has voted to direct a Review under the Indenturerelated Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

Appears in 2 contracts

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

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2016-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2016-A)

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Status Trigger has occurred or whether the required percentage of the Series 2017-B Noteholders has voted to direct a an Asset Review under the IndentureSeries 2017-B Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Review, and may rely on the lists of Review Receivables Subject Assets provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or; (v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesSubject Assets; or (vi) to establish cause, materiality or recourse for any failed Test.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Status Trigger has occurred or whether the required percentage of the Series 2019-B Noteholders has voted to direct a an Asset Review under the IndentureSeries 2019-B Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Review, and may rely on the lists of Review Receivables Subject Assets provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or; (v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesSubject Assets; or (vi) to establish cause, materiality or recourse for any failed Test.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)

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Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Status Trigger has occurred or whether the required percentage of the Series 2017-C Noteholders has voted to direct a an Asset Review under the IndentureSeries 0000-X Xxxxxxxxx Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Review, and may rely on the lists of Review Receivables Subject Assets provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or; (v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesSubject Assets; or (vi) to establish cause, materiality or recourse for any failed Test.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Status Trigger has occurred or whether the required percentage of the Series 2017-A Noteholders has voted to direct a an Asset Review under the IndentureSeries 2017-A Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Review, and may rely on the lists of Review Receivables Subject Assets provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or; (v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesSubject Assets; or (vi) to establish cause, materiality or recourse for any failed Test.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a an Asset Representations Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Representations Review, and may rely on the lists of Review Subject Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or (v) to take any action or cause any other party to take any action under any of the Transaction Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Subject Receivables.

Appears in 2 contracts

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

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or (v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

Appears in 1 contract

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

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables Leases are subject to a Review, and may rely on the lists of Review Receivables Leases provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review ReceivablesLeases.

Appears in 1 contract

Samples: Asset Representations Review Agreement (CAB East LLC)

Review Process Limitations. The Asset Representations Reviewer is not obligated to: (i) determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) obtain or confirm the validity of the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) obtain missing or insufficient Review Materials from any party or any other source; or; (v) take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables; or (vi) establish cause, materiality or recourse for any Test Fail.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Verizon ABS LLC)

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a an Asset Review under the Indenture, and may rely on the information in any Review Notice review notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a an Asset Review, and may rely on the lists of Review Subject Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or (v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Subject Receivables.

Appears in 1 contract

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

Review Process Limitations. The Asset Representations Reviewer is not obligated towill have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of the Noteholders has voted to direct a Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to a Review, and may rely on the lists of Review Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials and will have no liability for any errors in the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; or (v) to take any action or cause any other party to take any action under any of the Transaction Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Review Receivables.

Appears in 1 contract

Samples: Asset Representations Review Agreement (CNH Capital Receivables LLC)

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