Common use of Notice of Breach Clause in Contracts

Notice of Breach. The Asset Representations Reviewer shall notify the Sponsor and the Servicer promptly in the event of an actual or reasonably suspected security breach, unauthorized access, misappropriation or other compromise of the security, confidentiality or integrity of Sponsor PII and, where applicable, immediately take action to prevent any further breach.

Appears in 65 contracts

Samples: Asset Representations Review Agreement (Ally Master Owner Trust), Asset Representations Review Agreement (Ally Auto Receivables Trust 2016-3), Asset Representations Review Agreement (Ally Auto Receivables Trust 2017-5)

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Notice of Breach. The Asset Representations Reviewer shall will notify the Issuing Entity, the Grantor Trust, the Sponsor and the Servicer promptly in the event of an actual or reasonably suspected security breach, unauthorized access, misappropriation or other compromise of the security, confidentiality or integrity of Sponsor Issuing Entity PII and, where applicable, immediately take action to prevent any further breach.

Appears in 23 contracts

Samples: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P2), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P3), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2022-P2)

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Notice of Breach. The Asset Representations Reviewer shall will notify the Issuing Entity[, the Grantor Trust], the Sponsor and the Servicer promptly in the event of an actual or reasonably suspected security breach, unauthorized access, misappropriation or other compromise of the security, confidentiality or integrity of Sponsor Issuing Entity PII and, where applicable, immediately take action to prevent any further breach.

Appears in 1 contract

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

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