Common use of Missing or Incomplete Review Materials Clause in Contracts

Missing or Incomplete Review Materials. The Asset Representations Reviewer will complete the Tests for each Eligible Representation only using documentation that is made available. Upon receipt of the Review Materials, The Asset Representations Reviewer will complete an initial document inventory to verify there are no systemic documentation errors, including but not limited to consistently missing or incomplete information in each ARR Receivable file, and missing or incomplete Review Policies. The purpose of this review is to determine if there are systemic issues with documentation, and there may still be instances where certain pieces of information for an individual ARR Receivable are missing or incomplete. Once it has confirmed the majority of the Review Materials are available, the Asset Representations Reviewer will commence the Review. In instances where Review Material is not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request that the Servicer provide an updated copy of such Review Material. The Servicer must provide, or cause to be provided, missing Review Material to the Asset Representations Reviewer within [ ] days of notification by the Asset Representations Reviewer. In the event missing Review Material is not provided within this timeframe, the Asset Representations Reviewer will complete the associated Tests in consideration that such Review Material is missing.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (John Deere Receivables, Inc.), Asset Representations Review Agreement (John Deere Receivables, Inc.)

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Missing or Incomplete Review Materials. The Asset Representations Reviewer will complete the Tests for each Eligible Representation only using documentation that is made available. Upon receipt of access to the Review Materials, The the Asset Representations Reviewer will complete an initial document inventory to verify there are no systemic documentation errors, including but not limited to consistently missing or incomplete information in each ARR Receivable file, and missing or incomplete Review PoliciesMaterials. The purpose of this review is to determine if there are systemic issues with documentation, and there may still be instances where certain pieces of information for an individual ARR Receivable are missing or incomplete. Once it has confirmed the majority of the Review Materials are available, If the Asset Representations Reviewer will commence the Review. In instances where determines that any Review Material is Materials are not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request in writing that the Servicer provide an updated or replacement copy of such Review MaterialMaterials. The Servicer must will use all reasonable efforts to provide, or cause to be provided, missing or incomplete Review Material Materials to the Asset Representations Reviewer or other documents or information to correct the issue of incompleteness or missing information as promptly as practicable and within [ [30] days of notification the receipt of such a request by the Asset Representations Reviewer; provided that the Servicer shall have an additional [30] days to correct any such issues if it notifies the Asset Representations Reviewer in writing that it is working diligently and it believes that satisfactory materials will be available for review by the Asset Representations Reviewer within an additional [30] days. In the event any missing or incomplete Review Material is Materials are not provided or corrected within this timeframe, the Asset Representations Reviewer will complete perform the associated Tests in consideration that such Review Material is missingMaterials are missing or incomplete. With respect to any such missing or incomplete Review Materials, if the Asset Representations Reviewer determines in good faith, with prior written notice to the Servicer and the Transferors, that it cannot complete a Test due to such missing information or the incompleteness of such information, the Asset Representations Reviewer will record the result of such Test as incomplete (a “Test Incomplete”).

Appears in 2 contracts

Samples: Asset Representations Review Agreement (American Express Receivables Financing Corp Iv LLC), Asset Representations Review Agreement (American Express Credit Account Master Trust)

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Missing or Incomplete Review Materials. The Asset Representations Reviewer will complete the Tests for each Eligible Representation only using documentation that is made available. Upon receipt of the Review Materials, The Asset Representations Reviewer will complete an initial document inventory to verify there are no systemic documentation errors, including but not limited to consistently missing or incomplete information in each ARR Receivable Review Asset file, and missing or incomplete Review Policies. The purpose of this review is to determine if there are systemic issues with documentation, and there may still be instances where certain pieces of information for an individual ARR Receivable Review Asset are missing or incomplete. Once it has confirmed the majority of the Review Materials are available, the Asset Representations Reviewer will commence the Review. In instances where Review Material is not accessible, clearly unidentifiable, and/or illegible, the Asset Representations Reviewer will request that the Servicer provide an updated copy of such Review Material. The Servicer must provide, or cause to be provided, missing Review Material to the Asset Representations Reviewer within [ [__] days of notification by the Asset Representations Reviewer. In the event missing Review Material is not provided within this timeframe, the Asset Representations Reviewer will complete the associated Tests in consideration that such Review Material is missing.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Financial Services Vehicle Trust)

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