Common use of Review Notices Clause in Contracts

Review Notices. Upon (i) receipt of a Review Notice from the Indenture Trustee and (ii) receipt of a list of Review Assets from the Servicer (which list will be delivered by the Servicer to the Asset Representations Reviewer within ten (10) Business Days of the Servicer’s receipt of a Review Notice), the Asset Representations Reviewer will start a Review. The Asset Representations Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets is received by it. The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the Servicer.

Appears in 28 contracts

Samples: Asset Representations Review Agreement (BMW Vehicle Owner Trust 2020-A), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-1), Asset Representations Review Agreement (BMW Vehicle Owner Trust 2020-A)

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Review Notices. Upon (i) receipt of a Review Notice from the Indenture Trustee and (ii) receipt of a list of Review Assets from the Servicer (which list will be delivered by the Servicer to the Asset Representations Reviewer within ten (10) Business Days of the Servicer’s receipt of a Review Notice)Trustee, the Asset Representations Reviewer will start a Review. Within ten (10) Business Days of its receipt of a Review Notice, the Servicer will provide a list of the Review Assets to the Asset Representations Reviewer and the Indenture Trustee. The Asset Representations Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets is received by it. The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the Servicer.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (BMW Vehicle Owner Trust 2016-A), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2017-1), Asset Representations Review Agreement (BMW Fs Securities LLC)

Review Notices. Upon (i) receipt of a Review Notice from the Indenture Trustee and (ii) receipt of a list of Review Assets from the Servicer (which list will be delivered by the Servicer to the Asset Representations Reviewer within ten [__] (10[__]) Business Days of the Servicer’s receipt of a Review Notice), the Asset Representations Reviewer will start a Review. The Asset Representations Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets is received by it. The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the Servicer.

Appears in 2 contracts

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

Review Notices. Upon (i) receipt of a Review Notice from the Indenture Trustee and (ii) receipt of a list of Review Assets from the Servicer (which list will be delivered by the Servicer to the Asset Representations Reviewer within [ten (10) )] Business Days of the Servicer’s receipt of a Review Notice), the Asset Representations Reviewer will start a Review. The Asset Representations Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets is received by it. The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the Servicer.

Appears in 1 contract

Samples: Asset Representations Review Agreement (BMW Fs Securities LLC)

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Review Notices. Upon (i) receipt of a Review Notice from the Indenture Trustee and (ii) receipt of a list of Review Assets from the Servicer (which list will be delivered by the Servicer to the Asset Representations Reviewer within ten (10) Business Days of the Servicer’s receipt of a Review Notice)Trustee, the Asset Representations Reviewer will start a Review. Within ten Business Days of its receipt of a Review Notice, the Servicer will provide a list of the Review Assets to the Asset Representations Reviewer and the Indenture Trustee. The Asset Representations Reviewer will not be obligated to start a Review until a Review Notice and the related list of Review Assets is received by itare received. The Asset Representations Reviewer is not obligated to verify (i) whether the Indenture Trustee properly determined that a Review Notice was required or (ii) the accuracy or completeness of the list of Review Assets provided by the Servicer.

Appears in 1 contract

Samples: Asset Representations Review Agreement (BMW Fs Securities LLC)

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