Eligible Representations definition

Eligible Representations means those representations identified within the “Tests” included in Schedule B.
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Eligible Representations means those representations identified within the “Tests” included in Exhibit A.
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Eligible Representations means those representations identified on Schedule A attached hereto.
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Examples of Eligible Representations in a sentence

  • The Review is designed to determine whether the Review Receivables and Review Accounts were not in compliance with the Eligible Representations.

  • The ARR Review is designed to perform Tests designed to determine whether or not Review Accounts and Review Receivables were in compliance with the Eligible Representations.


More Definitions of Eligible Representations

Eligible Representations means those representations identified within the “Eligible Representations” included in Exhibit A.
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Eligible Representations means those representations identified within the “Tests” included in Schedule B. “Information Recipients” has the meaning stated in Section 4.08(a). “Indemnified Person” has the meaning stated in Section 4.05(a). “Issuing Entity PII” has the meaning stated in Section 4.09(a). “PII” has the meaning stated in Section 4.09(a). “Privacy Laws” has the meaning stated in Section 4.09(b). “Review Fee” has the meaning stated in Section 4.02(b). “Review Materials” means the Collateral Custodian Review Materials, the Servicer Review Materials and the Sponsor Review Materials. “Review Receivables” means those Delinquent Receivables that have been Delinquent Receivables for more than 60 days as of the last day of the preceding Collection Period identified by the Sponsor as requiring an Asset Representations Review by the Asset Representations Reviewer following receipt of an Asset Representations Review Notice according to Section 3.01. “Review Report” has the meaning stated in Section 3.04. “Servicer Review Materials” means the documents, data, and other information required for each “Test” in Schedule A. “Servicer System of Record” means the information storage and retrieval system that is the authoritative data source for the Servicer’s servicing activities. “Sponsor Review Materials” means the documents, data, and other information required for each “Test” in Schedule A. “Tests” means the procedures listed in Schedule B as applied to the process described in Section 3.03. “Test Complete” has the meeting stated in Section 3.03(c). “Test Fail” has the meaning stated in Section 3.03(a). “Test Pass” has the meaning stated in Section 3.03(a).
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Eligible Representations means those representations identified within the “Tests” included in Exhibit A. “Indemnified Person” has the meaning stated in Section 5.07. “Indenture” means the Indenture, dated as of the Closing Date, between the Issuer and the Indenture Trustee, as the same may be amended, supplemented or modified from time to time. “Indenture Trustee” means U.S. Bank National Association. 1 “Initial Review Period” has the meaning stated in Section 3.06. “Owner Trustee” means Wilmington Trust, National Association, not in its individual capacity but solely as owner trustee of the Issuer. “Personally Identifiable Information” has the meaning stated in Section 7.02. “Privacy Laws” has the meaning stated in Section 7.02(a). “Review” means the performance by the Asset Representations Reviewer of the Tests for each Review Asset in accordance with the terms of Section 3.05. “Review Assets” means those 2017-1 Leases identified by the Servicer as requiring a Review by the Asset Representations Reviewer following receipt of a Review Notice. “Review Fee” has the meaning stated in Section 4.01(b). “Review Notice” means a notice delivered to the Asset Representations Reviewer pursuant to Section 12.02 of the Indenture. “Review Materials” means the applicable documents, data, and other information listed in Exhibit A. “Review Report” means, with respect to a Review, the related report prepared by the Asset Representations Reviewer in accordance with the terms of Section 3.08. “Servicing Supplement” means the 2017-1 Servicing Supplement, dated as of the Closing Date, among the Servicer, Financial Services Vehicle Trust and BMW Manufacturing L.P., as the same may be amended, supplemented or modified from time to time. “Sponsor” means BMW Financial Services NA, LLC. “Test Fail” has the meaning stated in Section 3.05. “Test Pass” has the meaning stated in Section 3.05. “Tests” means, with respect to any 2017-1 Lease or 2017-1 Vehicle, the procedures listed in Exhibit A with respect thereto. “Trust Agreement” means the Amended and Restated Trust Agreement, dated as of the Closing Date, between BMW Auto Leasing LLC and the Owner Trustee, as the same may be amended, supplemented or modified from time to time. “Underwriters” means Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., BNP Paribas Securities Corp. and MUFG Securities Americas Inc. 2 ARTICLE II.
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Related to Eligible Representations

  • Fundamental Representations and Warranties means the representations and warranties contained in Sections 3.1, 3.2, 3.6, 4.1 and 4.

  • Exclusive representative means the labor organization that, as a result of certification by

  • Purchaser Fundamental Representations means the representations and warranties of Purchaser set forth in Section 5.1 (Authority; Enforceability), Section 5.3 (Organization) and Section 5.7 (Brokers).

  • Fundamental Representations has the meaning set forth in Section 8.1.

  • Disclosure Representative means the Finance Director, or his or her designee, or such other person as the Issuer shall designate in writing to the Disclosure Dissemination Agent from time to time as the person responsible for providing Information to the Disclosure Dissemination Agent.

  • Representations and Warranties means the representations and warranties mentioned in Clause 4 hereto;

  • Company Fundamental Representations means the representations and warranties set forth in Section 3.1(a) and Section 3.1(b) (Organization and Qualification), Section 3.2(a), Section 3.2(c) and Section 3.2(f) (Capitalization of the Group Companies), Section 3.3 (Authority), Section 3.8(a) (No Company Material Adverse Effect) and Section 3.17 (Brokers).