Common use of Tests Clause in Contracts

Tests. Based on the AUPs, the Asset Representations Reviewer shall review the Required Documents to determine whether, for each Reviewable Receivable, (a) there was evidence that the applicable Test for such Reviewable Receivable was satisfied, (b) there was evidence that the applicable Test for such Reviewable Receivable was not satisfied or (c) the Test could not be completed as a result of missing or insufficient Required Documents for a Reviewable Receivable. Each Test shall be performed individually. The Asset Representations Reviewer may, at its sole discretion, review additional information that is not required for the Asset Representations Review as defined by the AUPs, but it is not required to do so.

Appears in 46 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2023-1)

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Tests. Based on the AUPs, the Asset Representations Reviewer shall review the Required Documents to determine whether, for each Reviewable Account and Reviewable Receivable, (a) there was evidence that the applicable Test for such Reviewable Account or Reviewable Receivable was satisfied, (b) there was evidence that the applicable Test for such Reviewable Account or Reviewable Receivable was not satisfied or (c) the Test could not be completed as a result of missing or insufficient Required Documents for a Reviewable Account or Reviewable Receivable. Each Test shall be performed individually. The Asset Representations Reviewer may, at its sole discretion, review additional information that is not required for the Asset Representations Review as defined by the AUPs, but it is not required to do so.

Appears in 15 contracts

Samples: Asset Representations Review Agreement (Ally Wholesale Enterprises LLC), Asset Representations Review Agreement (Ally Master Owner Trust), Asset Representations Review Agreement (Ally Master Owner Trust)

Tests. Based on the AUPs, the Asset Representations Reviewer shall review the Required Documents to determine whether, for each Reviewable Receivable, there was (a) there was evidence that the applicable Test for such Reviewable Receivable was satisfied, (b) there was evidence that the applicable Test for such Reviewable Receivable was not satisfied satisfied, or (c) if the Test could not be completed as a result of missing or insufficient Required Documents for a Reviewable Receivable. Each Test shall be performed individually. The Asset Representations Reviewer may, at its sole discretion, review additional information that is not required for the Asset Representations Review as defined by the AUPs, but it is not required to do so.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-1), Asset Representations Review Agreement (Capital Auto Receivables LLC)

Tests. Based on the AUPs, the Asset Representations Reviewer shall [Reviewer] will review the Required Documents to determine whether, for each Reviewable Receivable, there was (a) there was evidence that the applicable Test for such Reviewable Receivable was satisfied, (b) there was evidence that the applicable Test for such Reviewable Receivable was not satisfied satisfied, or (c) if the Test could not be completed as a result of missing or insufficient Required Documents for a Reviewable Receivable. Each Test shall will be performed individually. The Asset Representations Reviewer [Reviewer] may, at its sole discretion, review additional information that is not required for the Asset Representations Review as defined by the AUPs, but it is not required to do so.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Ally Auto Assets LLC), Asset Representations Review Agreement (Ally Auto Assets LLC)

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Tests. Based on the AUPs, the Asset Representations Reviewer shall review the Required Documents to determine whether, for each Reviewable ReceivableLease Asset, (a) there was evidence that the applicable Test for such Reviewable Receivable Lease Asset was satisfied, (b) there was evidence that the applicable Test for such Reviewable Receivable Lease Asset was not satisfied or (c) the Test could not be completed as a result of missing or insufficient Required Documents for a Reviewable ReceivableLease Asset. Each Test shall be performed individually. The Asset Representations Reviewer may, at its sole discretion, review additional information that is not required for the Asset Representations Review as defined by the AUPs, but it is not required to do so.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Ally Auto Assets LLC)

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