Common use of Eligibility Clause in Contracts

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

Appears in 143 contracts

Sources: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2025-D), Asset Representations Review Agreement (Honda Auto Receivables 2025-4 Owner Trust), Asset Representations Review Agreement (Honda Auto Receivables 2025-4 Owner Trust)

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 5.01, and will notify the Issuer and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 101 contracts

Sources: Asset Representations Review Agreement (CarMax Auto Owner Trust 2026-1), Asset Representations Review Agreement (CarMax Auto Owner Trust 2026-1), Asset Representations Review Agreement (CarMax Auto Owner Trust 2025-4)

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 5.01, and will notify the Issuer Issuing Entity and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 60 contracts

Sources: Asset Representations Review Agreement (CNH Equipment Trust 2026-A), Asset Representations Review Agreement (CNH Equipment Trust 2026-A), Asset Representations Review Agreement (World Omni LT)

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 5.01, and will notify the Issuer Issuing Entity, the Sponsor and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 38 contracts

Sources: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P2), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P2), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2025-P4)

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 7.01, and will notify the Issuer and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 18 contracts

Sources: 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)

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 7.01, and will notify the Issuer and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.17.01.

Appears in 10 contracts

Sources: Asset Representations Review Agreement (Vw Credit Leasing LTD), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC)

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 5.01 and will notify the Issuer and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 3 contracts

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

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 5.01, and will notify the Issuer Issuing Entity, the Sponsor and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.1.5.01. 8 Representations Review Agreement

Appears in 1 contract

Sources: Asset Representations Review Agreement (Carvana Receivables Depositor LLC)

Eligibility. The Asset Representations Reviewer meets the eligibility requirements in Section 5.1 5.01, and will notify the Issuer Issuer[, the Grantor Trust] and the Servicer promptly if it no longer meets, or reasonably expects that it will no longer meet, the eligibility requirements in Section 5.15.01.

Appears in 1 contract

Sources: Asset Representations Review Agreement (Carmax Auto Funding LLC)

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

Appears in 1 contract

Sources: Asset Representations Review Agreement (Porsche Leasing Ltd.)