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 Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Enforcing Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(l) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Responsible Repurchase Party.

• The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Enforcing Servicer, in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(l) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Responsible Repurchase Party.

• For the avoidance of doubt, none of the Servicer, the Special Servicer, the Trustee, the Certificate Administrator or the Custodian (i) shall have other obligations with respect to any such Other PSA Asset Review nor shall any such party be bound by the results of any such asset review, or (ii) shall be obligated to provide such documents if providing such documents, in its reasonable determination, would be a violation of this Agreement or the Co-Lender Agreement.

• The Loss of Value Payment shall include the portion of any Liquidation Fees payable to the Enforcing Servicer in respect of such Loss of Value Payment and the portion of fees of the Asset Representations Reviewer payable pursuant to Section 4(k) above attributable to the Asset Review of such Mortgage Loan and not previously paid by the Responsible Repurchase Party.

More Definitions of Asset Review

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 2016-3 Asset Representations Review Agreement.

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 has the meaning set forth in the 2020-3 Asset Representations Review Agreement.

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