Common use of Completion of Review for Certain Review Receivables Clause in Contracts

Completion of Review for Certain Review Receivables. Following the delivery of the list of Reviewable Receivables and before the delivery of a Preliminary Report or the Final Report by the Asset Representations Reviewer, the Servicer or the Sponsor may notify the Asset Representations Reviewer if a Reviewable Receivable is paid in full, substituted or repurchased by the Sponsor, the Depositor or the Servicer pursuant to Section 2.07 of the Servicing Agreement, Section 2.04(a) of the Trust Sale Agreement or Section 4.04 of the Pooling Agreement. On receipt of such notice, the Asset Representations Reviewer shall terminate all Tests of such Reviewable Receivable and the Asset Representations Reviewer file review staff shall categorize the results of all Tests of the related Reviewable Receivable as “Satisfied Test” (as defined below).

Appears in 24 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2018-2), Asset Representations Review Agreement (Ally Auto Receivables Trust 2017-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2019-1)

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Completion of Review for Certain Review Receivables. Following the delivery of the list of Reviewable Receivables and before the delivery of a Preliminary Report or the Final Report by the Asset Representations Reviewer, the Servicer or the Sponsor may notify the Asset Representations Reviewer if a Reviewable Receivable is paid in full, substituted full or repurchased by the Sponsor, the Depositor or the Servicer pursuant to Section 2.07 of the Servicing Agreement, Section 2.04(a) of the Trust Sale Agreement or Section 4.04 of the Pooling Agreement. On receipt of such notice, the Asset Representations Reviewer shall terminate all Tests of such Reviewable Receivable and the Asset Representations Reviewer file review staff shall categorize the results of all Tests of the related Reviewable Receivable as “Satisfied Test” (as defined below).

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2022-2), Asset Representations Review Agreement (Ally Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Ally Auto Receivables Trust 2022-1)

Completion of Review for Certain Review Receivables. Following the delivery of the list of Reviewable Receivables and before the delivery of a Preliminary Report or the Final Report by the Asset Representations Reviewer, the Servicer or the Sponsor may notify the Asset Representations Reviewer if a Reviewable Receivable is paid in full, substituted full or repurchased by the Sponsor, the Depositor or the Servicer pursuant to Section 2.07 of the Servicing Agreement, Section 2.04(a) 2.04 of the Trust Sale Agreement or Section 4.04 of the Pooling Agreement. On receipt of such notice, the Asset Representations Reviewer shall terminate all Tests of such Reviewable Receivable and the Asset Representations Reviewer file review staff shall categorize the results of all Tests of the related Reviewable Receivable as “Satisfied Test” (as defined below).

Appears in 4 contracts

Samples: Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-3), Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-3), Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-2)

Completion of Review for Certain Review Receivables. Following the delivery of the list of Reviewable Receivables and before the delivery of a Preliminary Report or the Final Report by the Asset Representations Reviewer, the Servicer or the Sponsor may notify the Asset Representations Reviewer if a Reviewable Receivable is paid in full, substituted full or repurchased by the Sponsor, the Depositor or the Servicer pursuant to Section 2.07 5.04(a) of the Pooling and Servicing Agreement, Section 2.04(a2.05(a) of the Trust Sale and Servicing Agreement or Section 4.04 3.08 of the Pooling and Servicing Agreement. On receipt of such notice, the Asset Representations Reviewer shall terminate all Tests of such Reviewable Receivable and the Asset Representations Reviewer file review staff shall categorize the results of all Tests of the related Reviewable Receivable as “Satisfied Test” (as defined below).

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Capital Auto Receivables Asset Trust 2016-1), Asset Representations Review Agreement (Capital Auto Receivables Asset Trust 2016-2), Asset Representations Review Agreement (Capital Auto Receivables Asset Trust 2016-1)

Completion of Review for Certain Review Receivables. Following the delivery of the list of Reviewable Receivables and before the delivery of a Preliminary Report or the Final Report by the Asset Representations Reviewer, the Servicer or the Sponsor may notify the Asset Representations Reviewer if a Reviewable Receivable is paid in full, substituted or repurchased by the Sponsor, the Depositor or the Servicer pursuant to Section 2.07 5.04(a) of the Pooling and Servicing Agreement, Section 2.04(a2.05(a) of the Trust Sale and Servicing Agreement or Section 4.04 3.07 of the Pooling and Servicing Agreement. On receipt of such notice, the Asset Representations Reviewer shall terminate all Tests of such Reviewable Receivable and the Asset Representations Reviewer file review staff shall categorize the results of all Tests of the related Reviewable Receivable as “Satisfied Test” (as defined below).

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Capital Auto Receivables Asset Trust 2016-3), Asset Representations Review Agreement (Capital Auto Receivables Asset Trust 2016-3), Asset Representations Review Agreement (Capital Auto Receivables Asset Trust 2016-2)

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Completion of Review for Certain Review Receivables. Following the delivery of the list of Reviewable Receivables and before the delivery of a Preliminary Report or the Final Report by the Asset Representations Reviewer, the Servicer or the Sponsor may notify the Asset Representations Reviewer if a Reviewable Receivable is paid in full, substituted full or repurchased by the Sponsor, the Depositor or the Servicer pursuant to Section 2.07 of the Servicing Agreement, Section 2.04(a) 2.04 of the Trust Sale Agreement or Section 4.04 of the Pooling Agreement. On receipt of such notice, the Asset Representations Reviewer shall terminate all Tests of such Reviewable Receivable and the Asset Representations Reviewer file review staff shall categorize the results of all Tests of the related such Reviewable Receivable shall be categorized as a Satisfied Test” (as defined below).

Appears in 2 contracts

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

Completion of Review for Certain Review Receivables. Following the delivery of the list of Reviewable Receivables and before the delivery of a Preliminary Report or the Final Report by the Asset Representations Reviewer, the Servicer or the Sponsor may notify the Asset Representations Reviewer if a Reviewable Receivable is paid in full, substituted full or repurchased by the Sponsor, the Depositor or the Servicer pursuant to Section 2.07 5.04(a) of the Pooling and Servicing Agreement, Section 2.04(a2.05(a) of the Trust Sale and Servicing Agreement or Section 4.04 3.08 of the Pooling and Servicing Agreement. On receipt of such notice, the Asset Representations Reviewer shall terminate all Tests of such Reviewable Receivable and the Asset Representations Reviewer file review staff shall categorize the results of all Tests of the related such Reviewable Receivable shall be categorized as a Satisfied Test” (as defined below).

Appears in 1 contract

Samples: Asset Representations Review Agreement (Capital Auto Receivables LLC)

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