Limitations on Review Obligations Clause Samples

Limitations on Review Obligations. The Asset Representations Reviewer will have no obligation: (a) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (b) to determine which Receivables are Subject Receivables, and may rely on the lists of Subject Receivables provided by the Servicer; (c) to confirm the validity of the Review Materials and may rely on the accuracy and completeness of the Review Materials; or (d) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Receivables.

Limitations on Review Obligations. (a) Review Process Limitations. The Asset Representations Reviewer will have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct an Asset Review under the Indenture, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Leases are subject to an Asset Review, and may rely on the lists of Subject Leases provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (v) to take any action or cause any other party to take any action under any of the Basic Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Leases; or (vi) to establish cause, materiality or recourse for any failed Test.

Limitations on Review Obligations. (a) Review Process Limitations. Vendor will have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture, and may rely on the information in any Review Notice delivered to Vendor; (ii) to determine which Accounts and Transferred Receivables are subject to an Asset Representations Review, and may rely on the lists of Subject Accounts and Subject Receivables provided by Servicer; (iii) to obtain or confirm the validity of the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (v) to determine whether noncompliance with the representations or warranties constitutes a breach of the provisions of any of the Related Documents; (vi) to take any action or cause any other party to take any action under any of the Related Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Accounts and Subject Receivables; (vii) to determine the reason for the delinquency of any Transferred Receivable, the creditworthiness of any Obligor, the overall quality of any Transferred Receivable or the compliance by Servicer with its covenants with respect to the servicing of such Transferred Receivable; or (viii) to establish cause, materiality or recourse for any failed Test.

Limitations on Review Obligations