Common use of Covenant with respect to the Asset Representations Reviewer Clause in Contracts

Covenant with respect to the Asset Representations Reviewer. The Depositor shall promptly deliver to the Seller any Asset Representations Review Notice. Each of the Depositor and the Issuing Entity agrees to cooperate with the Asset Representations Reviewer, the Servicer and the Seller with respect to any Asset Representations Review commenced in accordance with Section 5.17 of the Indenture. Upon receipt of a final report from the Asset Representations Reviewer, the Depositor shall review the findings of the Asset Representations Reviewer and determine whether a breach of a representation or warranty set forth in Section 3.01 of the Pooling Agreement has occurred with respect to any Receivable tested by the Asset Representations Reviewer and whether a repurchase or substitution of such Receivable is required pursuant to Section 2.04(a).

Appears in 30 contracts

Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2017-2), Trust Sale Agreement (Ally Auto Receivables Trust 2017-1), Trust Sale Agreement (Ally Auto Receivables Trust 2018-1)

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Covenant with respect to the Asset Representations Reviewer. The Depositor shall promptly deliver to the Seller any Asset Representations Review Notice. Each of the Depositor and the Issuing Entity agrees to cooperate with the Asset Representations Reviewer, the Servicer and the Seller with respect to any Asset Representations Review commenced in accordance with Section 5.17 of the Indenture. Upon receipt of a final report from the Asset Representations Reviewer, the Depositor shall review the findings of the Asset Representations Reviewer and determine whether a breach of a representation or warranty set forth in Section 3.01 of the Pooling Agreement has occurred with respect to any Receivable tested by the Asset Representations Reviewer and whether a repurchase or substitution of such Receivable is required pursuant to Section 2.04(a).

Appears in 12 contracts

Samples: Trust Sale Agreement (Ally Auto Receivables Trust 2022-1), Trust Sale Agreement (Ally Auto Receivables Trust 2024-1), Trust Sale Agreement (Ally Auto Receivables Trust 2022-3)

Covenant with respect to the Asset Representations Reviewer. The Depositor shall promptly deliver to the Seller any Asset Representations Review Notice. Each of the Depositor and the Issuing Entity agrees to cooperate with the Asset Representations Reviewer, the Servicer and the Seller with respect to any Asset Representations Review commenced in accordance with Section 5.17 of the Indenture. Upon receipt of a final report from the Asset Representations Reviewer, the Depositor shall review the findings of the Asset Representations Reviewer and determine whether a breach of a representation or warranty set forth in Section 3.01 4.01 of the Pooling and Servicing Agreement has occurred with respect to any Receivable tested by the Asset Representations Reviewer and whether a repurchase or substitution of such Receivable is required pursuant to Section 2.04(a2.05(a).

Appears in 6 contracts

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-2), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3), Trust Sale and Servicing Agreement (Capital Auto Receivables Asset Trust 2016-3)

Covenant with respect to the Asset Representations Reviewer. The Depositor shall promptly deliver to the Seller any Asset Representations Review Notice. Each of the Depositor and the Issuing Entity agrees to cooperate with the Asset Representations Reviewer, the Servicer and the Seller with respect to any Asset Representations Representation Review commenced in accordance with Section 5.17 of the Indenture. Upon receipt of a final report from the Asset Representations Reviewer, the Depositor shall review the findings of any Receivables with respect to which the Asset Representations Reviewer and determine whether has determined that a breach of a representation or warranty set forth in Section 3.01 of the Pooling Agreement has occurred with respect to any Receivable tested by the Asset Representations Reviewer and determine whether a repurchase or substitution of such Receivable Receivables is required pursuant to Section 2.04(a).

Appears in 3 contracts

Samples: Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Assets LLC), Trust Sale Agreement (Ally Auto Assets LLC)

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Covenant with respect to the Asset Representations Reviewer. The Depositor shall promptly deliver to the Seller any Asset Representations Review Notice. Each of the Depositor and the Issuing Entity agrees to cooperate with the Asset Representations Reviewer, the Servicer and the Seller with respect to any Asset Representations Review commenced in accordance with Section 5.17 of the Indenture. Upon receipt of a final report from the Asset Representations Reviewer, the Depositor shall review the findings of the Asset Representations Reviewer and determine whether a breach of a representation or warranty set forth in Section 3.01 4.01 of the Pooling and Servicing Agreement has occurred with respect to any Receivable receivable tested by the Asset Representations Reviewer and whether a repurchase or substitution of such Receivable is required pursuant to Section 2.04(a2.05(a).

Appears in 1 contract

Samples: Trust Sale and Servicing Agreement (Capital Auto Receivables LLC)

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