Common use of Review Scope Clause in Contracts

Review Scope. The Reviews are designed to determine whether certain Receivables were in compliance with certain representations and warranties made about them in the Purchase Agreement. The Review is not designed to determine any of the following: (a) Reason for delinquency; (b) Creditworthiness of the related Obligor, either at the time of the Review or as of the origination date of the Receivable; (c) Overall quality of any ARR Receivable; (d) Whether the Servicer has serviced any Receivable in compliance with the Sale and Servicing Agreement; (e) Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase Agreement; (f) Whether the Receivables were in compliance with the representations and warranties set forth in the Purchase Agreement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 14 contracts

Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.), Asset Representations Review Agreement (John Deere Receivables LLC), Asset Representations Review Agreement (John Deere Owner Trust 2018-B)

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Review Scope. The Reviews are designed to determine whether certain Receivables 2017-1 Leases were in compliance with certain representations and warranties made about them in the Purchase AgreementServicing Supplement. The Review is Reviews are not designed to determine any of the following: (a) Reason reason for delinquency; (b) Creditworthiness creditworthiness of the related ObligorLessees, either at the time of the Review or as of the origination date time of the Receivableorigination of the related 2017-1 Leases; (c) Overall overall quality of any ARR ReceivableReview Asset; (d) Whether whether the Servicer has serviced any Receivable 2017-1 Lease in compliance with the Sale and terms of the Servicing AgreementSupplement; (e) Whether whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase AgreementServicing Supplement; (f) Whether whether the Receivables were in compliance 2017-1 Leases complied with the representations and warranties set forth in the Purchase AgreementServicing Supplement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 3 contracts

Samples: Asset Representations Review Agreement, Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-1)

Review Scope. The Reviews are designed to determine whether certain Receivables 2024-1 Leases were in compliance with certain representations and warranties made about them in the Purchase AgreementServicing Supplement. The Review is Reviews are not designed to determine any of the following: (a) Reason reason for delinquency; (b) Creditworthiness creditworthiness of the related ObligorLessees, either at the time of the Review or as of the origination date time of the Receivableorigination of the related 2024-1 Leases; (c) Overall overall quality of any ARR ReceivableReview Asset; (d) Whether whether the Servicer has serviced any Receivable 2024-1 Lease in compliance with the Sale and terms of the Servicing AgreementSupplement; (e) Whether whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase AgreementServicing Supplement; (f) Whether whether the Receivables were in compliance 2024-1 Leases complied with the representations and warranties set forth in the Purchase AgreementServicing Supplement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1)

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Review Scope. The Reviews are designed to determine whether certain Receivables were in compliance with certain representations and warranties made about them in the Purchase Sale and Servicing Agreement. The Review is Reviews are not designed to determine any of the following: (a) Reason reason for delinquency; (b) Creditworthiness creditworthiness of the related Obligorobligor, either at the time of the Review or as of the origination date time of the origination of the related Receivable; (c) Overall overall quality of any ARR ReceivableReview Asset; (d) Whether whether the applicable Servicer has serviced any Receivable in compliance with the terms of the Sale and Servicing Agreement; (e) Whether whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase Sale and Servicing Agreement; (f) Whether whether the Receivables were in compliance complied with the representations and warranties set forth in the Purchase Sale and Servicing Agreement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 1 contract

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

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