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

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or the Servicer in accordance with the Transaction Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 64 contracts

Samples: Asset Representations Review Agreement (Drive Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Drive Auto Receivables Trust 2024-1), Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2024-1)

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Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor Sponsor, the Depositor or the Servicer in accordance with according to the Transaction Documentsapplicable Basic Document. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 60 contracts

Samples: Asset Representations Review Agreement (Honda Auto Receivables 2024-1 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2024-1 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2023-4 Owner Trust)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor Seller or the Servicer in accordance with according to the Transaction Documentsapplicable Basic Document. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 40 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2024-A), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2023-C)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor Sponsor, the Depositor or the Servicer in accordance with according to the Transaction Basic Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 33 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (Nissan Auto Receivables 2021-a Owner Trust), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or the Servicer in accordance with the terms of the Transaction Documents. On receipt of such notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables the related Subject Receivable, and the Asset Review of such Subject Receivables will be considered complete (a “Test Complete”). In this case, the related Review Report will indicate a Test Complete for the Receivables such Subject Receivable and the related reason.

Appears in 14 contracts

Samples: Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or Bank according to the Servicer in accordance with the applicable Transaction DocumentsDocument. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 9 contracts

Samples: Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC), Asset Representations Review Agreement (Usaa Acceptance LLC)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by Fifth Third Bank according to the Sponsor or the Servicer in accordance with the applicable Transaction DocumentsDocument. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 9 contracts

Samples: Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1), Asset Representations Review Agreement (Fifth Third Auto Trust 2023-1), Asset Representations Review Agreement (Fifth Third Holdings Funding, LLC)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or the Servicer in accordance with according to the Transaction Basic Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC), Asset Representations Review Agreement (NISSAN AUTO RECEIVABLES Co II LLC)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer Grantor Trust by the Sponsor or the Servicer in accordance with the Transaction Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 5 contracts

Samples: Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or the Servicer in accordance with according to the Transaction Documentsapplicable Basic Document. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (American Honda Receivables LLC), Asset Representations Review Agreement (American Honda Receivables LLC)

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Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or Seller according to the Servicer in accordance with the Transaction Documentsapplicable Basic Document. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Hyundai Abs Funding LLC), Asset Representations Review Agreement (Hyundai Abs Funding Corp)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from [the Issuer Issuer][the Grantor Trust] by the Sponsor or the Servicer in accordance with the Transaction Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Bridgecrest Auto Funding LLC)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor or the Servicer in accordance with Macquarie Leasing Pty Limited according to the Transaction Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables Subject Receivable and the Asset Representations Review of such Receivables Subject Receivable will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables Subject Receivable and the related reason.

Appears in 1 contract

Samples: Form of Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor Sponsor, the Depositor or the Servicer in accordance with according to the Transaction Documents. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Representations Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

Completion of Review for Certain Subject Receivables. Following the delivery of the list of the Subject Receivables and before the delivery of the Review Report by the Asset Representations Reviewer, the Servicer may notify the Asset Representations Reviewer if a Subject Receivable is paid in full by or on behalf of the Obligor or purchased from the Issuer by the Sponsor Sponsor, the Depositor or the Servicer in accordance with according to the applicable Transaction DocumentsDocument. On receipt of notice, the Asset Representations Reviewer will immediately terminate all Tests of such Receivables and the Asset Review of such Receivables will be considered complete (a “Test Complete”). In this case, the Review Report will indicate a Test Complete for the Receivables and the related reason.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Porsche Auto Funding LLC)

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