Common use of Termination of Asset Review Clause in Contracts

Termination of Asset Review. If an Asset Review is in process and the Notes will be paid in full on the next Distribution Date, the Servicer will notify the Asset Representations Reviewer and the Trustee no less than ten (10) days before that Distribution Date. On receipt of the notice, the Asset Representations Reviewer will terminate the Asset Review immediately and will have no obligation to deliver an Asset Review Report.

Appears in 75 contracts

Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-4), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-3)

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Termination of Asset Review. If an Asset Review is in process and the Notes will be paid in full on the next Distribution Date, the Servicer will notify the Asset Representations Reviewer and the Indenture Trustee no less than ten (10) days before that Distribution Date. On receipt of the notice, the Asset Representations Reviewer will terminate the Asset Review immediately and will have no obligation to deliver an Asset Review Report.

Appears in 70 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-3), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-4)

Termination of Asset Review. If an Asset Review is in process and the Notes Certificates will be paid in full on the next Distribution Settlement Date, the Servicer Trustee will notify the Asset Representations Reviewer and the Trustee no less than ten (10) days before that Distribution Settlement Date. On receipt of the notice, the Asset Representations Reviewer will terminate the Asset Review immediately and will have no obligation to deliver an Asset Review Report.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC), Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC)

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Termination of Asset Review. If an Asset Review is in process and each Shelf-Eligible Series that directed the Notes Review will be paid in full on the next Distribution Date, the Servicer will notify the Asset Representations Reviewer and the Indenture Trustee no less than ten (10) days before that Distribution Date. On receipt of the notice, the Asset Representations Reviewer will terminate the Asset Review immediately and will have no obligation to deliver an Asset Review Report.

Appears in 1 contract

Samples: Asset Representations Review Agreement (GMF Floorplan Owner Revolving Trust)

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