Common use of Eligibility Clause in Contracts

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.1.

Appears in 367 contracts

Sources: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2026-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2026-A), Asset Representations Review Agreement (Honda Auto Receivables 2026-1 Owner Trust)

Eligibility. It will notify the Issuer Issuer, the Servicer and the Servicer Administrator promptly if it no longer meets meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.1.

Appears in 85 contracts

Sources: Asset Representations Review Agreement (Toyota Auto Receivables 2026-B Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2026-a Owner Trust), Asset Representations Review Agreement (Toyota Auto Receivables 2026-a Owner Trust)

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 54 contracts

Sources: Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2026-A), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2026-A), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2025-B)

Eligibility. It will notify the Issuer Issuing Entity and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.1.

Appears in 22 contracts

Sources: Asset Representations Review Agreement (Nissan Auto Lease Trust 2026-A), Asset Representations Review Agreement (Nissan Auto Lease Trust 2026-A), Asset Representations Review Agreement (Nissan Auto Lease Trust 2025-B)

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.15.01.

Appears in 7 contracts

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

Eligibility. It will notify the Issuer Trustee, the Manager and the Servicer promptly if it no longer meets meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.1.

Appears in 2 contracts

Sources: Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust), Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust)

Eligibility. It will notify the Issuer Issuer, the Depositor and the Master Servicer promptly if upon becoming aware that it no longer meets the eligibility requirements in Section 5.1.

Appears in 2 contracts

Sources: Asset Representations Review Agreement (Discover Card Master Trust I), Asset Representations Review Agreement (Discover Card Master Trust I)

Eligibility. It will notify the Issuer and the Servicer promptly if it no longer meets the eligibility requirements in Section 5.14.1.

Appears in 1 contract

Sources: Asset Representations Review Agreement (Navient Funding, LLC)

Eligibility. It will notify the Issuer Issuer, the Depositor and the Master Servicer promptly if it no longer meets the eligibility requirements in Section 5.1.

Appears in 1 contract

Sources: Asset Representations Review Agreement (Discover Card Master Trust I)