Common use of Review Process Limitations Clause in Contracts

Review Process Limitations. The Asset Representations Reviewer will have no obligation: (i) to determine whether a Status Trigger has occurred or whether the required percentage of Series 2019-A Noteholders has voted to direct an Asset Review under the Series 2019-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 an Asset Review, and may rely on the lists of 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; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (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 Subject 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 will have no obligation: (i) to determine whether a Status Trigger has occurred or whether the required percentage of Series 20192016-A Noteholders has voted to direct an Asset Review under the Series 20192016-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 an Asset Review, and may rely on the lists of 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; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (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 Subject Assets; or (vi) to establish cause, materiality or recourse for any failed Test.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii), Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii)

Review Process Limitations. The Asset Representations Reviewer will have no obligationis not obligated to and shall not undertake to: (i) to determine whether a Status Delinquency Trigger has occurred or whether the required percentage of Series 2019-A Noteholders has voted to direct an Asset a Review under the Series 2019-A Indenture SupplementIndenture, and may is entitled to rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables assets are subject to an Asset a Review, and may is entitled to rely on the lists of Subject Review Assets provided by the ServicerServicer without further investigation; (iii) to obtain or confirm the validity of the Review Materials and no shall not have any liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials; (iv) to obtain missing or insufficient Additional Review Materials from any party or any other source; (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 Subject Review Assets; or (vi) to establish causedetermine the reason for the delinquency of any asset, materiality the creditworthiness of any Obligor, the overall quality of the assets or recourse for any failed Testthe compliance by the Servicer with its covenants under the Transfer and Servicing Agreement.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Chase Bank Usa, National Association), Asset Representations Review Agreement (Chase Issuance Trust)

Review Process Limitations. The Asset Representations Reviewer will have no obligation: (i) to determine whether a Status Delinquency Trigger has occurred or whether the required percentage of Series 2019-A Noteholders has voted to direct an Asset Representations Review under the Series 2019-A Indenture SupplementIndenture, and may rely on the information in any Review Notice delivered by to the Indenture TrusteeAsset Representations Reviewer; (ii) to determine which Receivables are subject to an Asset Representations Review, and may rely on the lists of Subject Assets Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and shall have no liability for any errors or omissions in the Review Materials Materials, and may rely on the accuracy and completeness of the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (v) to take any action or cause any other party to take any action under any of the Transaction Related Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Assets; orReceivables; (vi) to establish causeprovide or obtain a legal opinion or to make a legal determination or conclusion; or (vii) to determine the reason for the delinquency of any Receivable, materiality the creditworthiness of any Obligor, the overall quality of any Receivable or recourse for any failed Testthe compliance by the Servicer with its covenants with respect to the servicing of such Receivable.

Appears in 1 contract

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

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Review Process Limitations. The Asset Representations Reviewer will have no obligationis not obligated to and shall not undertake to: (i) to determine whether a Status Delinquency Trigger has occurred or whether the required percentage of Series 2019-A Noteholders has voted to direct an Asset a Review under the Series 2019-A Indenture SupplementIndenture, and may is entitled to rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables assets are subject to an Asset a Review, and may is entitled to rely on the lists of Subject Review Assets provided by the ServicerServicer without further investigation; (iii) to obtain or confirm the validity of the Review Materials and no shall not have any liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials; (iv) to obtain missing or insufficient Additional Review Materials from any party or any other source; (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 Subject Review Assets; or (vi) to establish causedetermine the reason for the delinquency of any asset, materiality the creditworthiness of any Obligor, the overall quality of the assets or recourse for any failed Testthe compliance by the Servicer with its covenants under the Transfer and Servicing Agreement.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Chase Bank Usa, National Association)

Review Process Limitations. The Asset Representations Reviewer Vendor will have no obligation: (i) to determine whether a Status Delinquency Trigger has occurred or whether the required percentage of Series 2019-A Noteholders has voted to direct an Asset Representations Review under the Series 2019-A Indenture SupplementIndenture, and may rely on the information in any Review Notice delivered by the Indenture Trusteeto Vendor; (ii) to determine which Accounts and Transferred Receivables are subject to an Asset Representations Review, and may rely on the lists of Subject Assets Accounts and 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; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (v) to determine whether noncompliance with the representations or warranties constitutes a breach of the provisions of any of the Related Documents; (vi) to take any action or cause any other party to take any action under any of the Transaction Related Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject AssetsAccounts and Subject Receivables; (vii) to determine the reason for the delinquency of any Transferred Receivable, the creditworthiness of any Obligor, the overall quality of any Transferred Receivable or the compliance by Servicer with its covenants with respect to the servicing of such Transferred Receivable; or (viviii) to establish cause, materiality or recourse for any failed Test.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Synchrony Credit Card Master Note Trust)

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