Asset Review definition

Asset Review means any review of representations and warranties conducted by a Non-Lead Asset Representations Reviewer, as contemplated by Item 1101(m) of Regulation AB.

Asset Review means the performance by the Asset Representations Reviewer of the testing procedures for each Test and each Asset Review Receivable in accordance with Section 3.4.

Asset Review has the meaning assigned to such term in the Asset Representations Review Agreement.

Examples of Asset Review in a sentence

• The Asset Representations Reviewer will complete the Asset Review of all of the Asset Review Receivables within [sixty (60)] days of receiving access to the Asset Review Materials under Section 3.3(a).

• The Asset Representations Reviewer will designate one or more representatives who will be available to the Issuer and the Servicer during the performance of an Asset Review.

• If the missing or insufficient Asset Review Materials have not been provided by the Servicer within [fifteen (15)] days, the parties agree that the Asset Review Receivable will have a Test Fail for the related Test(s) and the Test(s) will be considered completed and the Asset Review Report will indicate the reason for the Test Fail.

• The Servicer will designate one or more representatives who will be available to assist the Asset Representations Reviewer in performing the Asset Review, including responding to requests and answering questions from the Asset Representations Reviewer about access to Asset Review Materials on the Servicer’s receivables systems, obtaining missing or insufficient Asset Review Materials and/or providing clarification of any Asset Review Materials or Tests.

• For each Test and Asset Review Receivable, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”).

More Definitions of Asset Review

Asset Review means, for any Asset Review Notice, the performance by the Asset Representations Reviewer of each Asset Test stated in Schedule A to the Asset Representations Review Agreement for each Asset Review Receivable.

Asset Review. A review of the compliance of each Delinquent Loan with the representations and warranties of the applicable Mortgage Loan Seller, in accordance with the Asset Review Standard and the procedures set forth on Exhibit JJ hereto.

Asset Review means the completion by the Asset Representations Reviewer of the “Tests” set forth in Exhibit A for each Subject Receivable as further described in Section 3.05.

Asset Review shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or such other analogous term used in any Non-Lead Securitization Servicing Agreement, as applicable.

Asset Review has the meaning set forth in the 2024-2 Asset Representations Review Agreement.

Asset Review has the meaning set forth in the 2023-3 Asset Representations Review Agreement.

Asset Review. As defined in Section 12.01(b)(iv).