Common use of Removal Clause in Contracts

Removal. If any of the following events occur, the Issuer, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:

Appears in 202 contracts

Samples: Asset Representations Review Agreement (Carmax Auto Funding LLC), Agreement (Daimler Trucks Retail Trust 2024-1), Asset Representations Review Agreement (Mercedes-Benz Auto Receivables Trust 2018-1)

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Removal. If any of the following events occur, the Issuer, by notice to the Asset Representations Reviewer, Issuer may remove the Asset Representations Reviewer and terminate its rights and obligations under this AgreementAgreement by notifying the Asset Representations Reviewer:

Appears in 85 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2018-A), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2024-A), Asset Representations Review Agreement (Ford Credit Floorplan LLC)

Removal. If any of the following events occur, the IssuerIssuing Entity, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:

Appears in 47 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2019-B), Asset Representations Review Agreement (CNH Equipment Trust 2017-C), Asset Representations Review Agreement (CNH Equipment Trust 2022-A)

Removal. If any of the following events occur, the IssuerAdministrator, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:

Appears in 23 contracts

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

Removal. If any of the following events occur, the IssuerServicer, by notice to the Asset Representations ReviewerReviewer and the Issuer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:

Appears in 21 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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Removal. If any of the following events occur, the IssuerServicer, by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:

Appears in 3 contracts

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

Removal. If any of the following events occur, the Issuer, by notice to the Asset Representations Reviewer, Issuer may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement (other than rights and obligations accrued prior to such event, including the right to receive all amounts accrued and owing to it under this Agreement) by notifying the Asset Representations Reviewer:

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Verizon Owner Trust 2020-B), Review Agreement (Verizon ABS LLC)

Removal. If any of the following events occur, the Issuer[Issuing Entity][Administrator], by notice to the Asset Representations Reviewer, may remove the Asset Representations Reviewer and terminate its rights and obligations under this Agreement:

Appears in 1 contract

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

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