Common use of Previously Reviewed Receivables; Duplicative Tests Clause in Contracts

Previously Reviewed Receivables; Duplicative Tests. If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review. If the same Test is required for more than one Eligible Representation, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, but will report the results of the Test for each applicable Eligible Representation on the Review Report.

Appears in 102 contracts

Samples: Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P2), Asset Representations Review Agreement (Carvana Auto Receivables Trust 2024-P2), Asset Representations Review Agreement (CarMax Auto Owner Trust 2024-2)

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Previously Reviewed Receivables; Duplicative Tests. If any Review Receivable was included in a prior Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Receivable, but will include the previously reported Test results in the Review Report for the current Review. If the same Test is required for more than one Eligible Representationrepresentation and warranty, the Asset Representations Reviewer will only perform the Test once for each Review Receivable, but will report the results of the Test for each applicable Eligible Representation representation and warranty on the Review Report.

Appears in 20 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2019-A), Asset Representations Review Agreement (CNH Equipment Trust 2019-A), Asset Representations Review Agreement (CNH Capital Receivables LLC)

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Previously Reviewed Receivables; Duplicative Tests. If any Review Subject Receivable was included in a prior Asset Review, the Asset Representations Reviewer will not conduct additional Tests on such Review Subject Receivable, but will include the previously reported Test results in the Review Report for the current Asset Review. If the same Test is required for more than one Eligible Representationrepresentation and warranty, the Asset Representations Reviewer will only perform the Test once for each Review Subject Receivable, but will report the results of the Test for each applicable Eligible Representation representation and warranty on the Review Report.

Appears in 14 contracts

Samples: 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)

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