Review Receivables definition

Review Receivables means those Delinquent Receivables that have been Delinquent Receivables for 60 days or more as of the last day of the preceding Collection Period identified by the Servicer as requiring an Asset Representations Review by the Asset Representations Reviewer following receipt of an Asset Representations Review Notice according to Section 3.01.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Review Receivables means those certain Receivables identified by the Servicer to the Asset Representations Reviewer following receipt of a Review Notice as not having been paid in full by the Obligor or purchased from the Issuer in accordance with the terms of the Basic Documents at or prior to the date of such Review Notice.

Review Receivables means those Receivables identified by the Servicer as requiring a Review by the Asset Representations Reviewer following receipt of a Review Notice according to Section 3.01.

Examples of Review Receivables in a sentence

• The Asset Representations Reviewer is not obligated to verify (i) whether the conditions to the initiation of the Asset Representations Review and the issuance of an Asset Representations Review Notice described in Section 7.6 of the Indenture were satisfied or (ii) the accuracy or completeness of the list of Review Receivables provided by the Servicer.

• The Servicer will provide the list of Review Receivables to the Asset Representations Reviewer promptly upon receipt of the Asset Representations Review Notice.

• Following the delivery of the list of the Review Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Review Receivable is paid in full by the Obligor or otherwise satisfied, or repurchased from the Grantor Trust in accordance with the Transaction Documents.

• The Asset Representations Reviewer will not be obligated to start, and will not start, an Asset Representations Review until an Asset Representations Review Notice and the related list of Review Receivables is received.

More Definitions of Review Receivables

Review Receivables means the Receivables relating to the Review Accounts.

Review Receivables means, those Receivables identified by the Servicer as requiring an ARR Review, corresponding to the Sixty Day Delinquent Assets reported in and relating to the Monthly Noteholders’ Statement for the Monthly Period in which the conditions for an ARR Review were satisfied.

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).