Common use of Review of Lien Certificates Clause in Contracts

Review of Lien Certificates. On or before the Closing Date, and on or before the applicable Subsequent Transfer Date in the case of any Subsequent Receivables, the Custodian shall deliver to the Trust Collateral Agent a listing in the form attached hereto as Schedule II of Exhibit A-1, or Schedule II of Exhibit A-2 with respect to any Subsequent Receivables, of all Receivables with respect to which a Lien Certificate, showing AFS (or an Originating Affiliate or Titled Third-Party Lender) as secured party, was not included in the related Receivable File as of such date. In addition, the Custodian shall deliver to the Trust Collateral Agent and the Insurer an exception report in the form attached hereto as Schedule II of Exhibit A-1, or Schedule II of Exhibit A-2 with respect to any Subsequent Receivables (i) no later than the last Business Day of the calendar month during which the 90th day after the Closing Date (or, with respect to Subsequent Receivables, the 90th day after the applicable Subsequent Transfer Date) occurred, (ii) no later than the last Business Day of the calendar month during which the 180th day after the Closing Date (or, with respect to Subsequent Receivables, the 180th day after the applicable Subsequent Transfer Date) occurred and (iii) no later than the last Business Day of the calendar month during which the 240th day after the Closing Date (or, with respect to Subsequent Receivables, the 240th day after the applicable Subsequent Transfer Date) occurred.

Review of Lien Certificates. On or before the Closing Date, and on or before the applicable Subsequent Transfer Date in the case of any Subsequent Receivables, the Custodian shall deliver to the Trust Collateral Agent a listing in the form attached hereto as Schedule II of Exhibit A-1, or Schedule II of Exhibit A-2 with respect to any Subsequent Receivables, of all Receivables with respect to which a Lien Certificate, showing AFS (or an Originating Affiliate or a Titled Third-Party Lender) as secured party, was not included in the related Receivable File as of such date. In addition, the Custodian shall deliver to the Trust Collateral Agent and the Insurer an exception report in the form attached hereto as Schedule II of Exhibit A-1, or Schedule II of Exhibit A-2 with respect to any Subsequent Receivables (i) no later than the last Business Day of the calendar month during which the 90th day after the Closing Date (or, with respect to Subsequent Receivables, the 90th day after the applicable Subsequent Transfer Date) occurred, (ii) no later than the last Business Day of the calendar month during which the 180th day after the Closing Date (or, with respect to Subsequent Receivables, the 180th day after the applicable Subsequent Transfer Date) occurred and (iii) no later than the last Business Day of the calendar month during which the 240th day after the Closing Date (or, with respect to Subsequent Receivables, the 240th day after the applicable Subsequent Transfer Date) occurred.

Review of Lien Certificates. On or before the Closing Date, and or on or before the applicable Subsequent Transfer Date in the case of any Subsequent Receivables, the Custodian shall deliver to the Trust Collateral Agent a listing in the form attached hereto as Schedule II of Exhibit A-1, or Schedule II of Exhibit A-2 with respect to any Subsequent Receivables, of all Receivables with respect to which a Lien Certificate, showing AFS (or an Originating Affiliate or a Titled Third-Party Lender) as secured party, was not included in the related Receivable File as of such date. In addition, the Custodian shall deliver to the Trust Collateral Agent and the Security Insurer an exception report in the form attached hereto as Schedule II of Exhibit A-1, or Schedule II of Exhibit A-2 with respect to any Subsequent Receivables (i) no later than the last Business Day of the calendar month during which the 90th day after the Closing Date (or, with respect to Subsequent Receivables, the 90th day after the applicable Subsequent Transfer Date) occurred, (ii) no later than the last Business Day of the calendar month during which the 180th day after the Closing Date (or, with respect to Subsequent Receivables, the 180th day after the applicable Subsequent Transfer Date) occurred and (iii) no later than the last Business Day of the calendar month during which the 240th day after the Closing Date (or, with respect to Subsequent Receivables, the 240th day after the applicable Subsequent Transfer Date) occurred.