Review Process Limitations. The Asset Representations Reviewer will have no obligation: (i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture Supplements, and may rely on the information in any Review Notice delivered to the Asset Representations Reviewer; (ii) to determine which Receivables are subject to an Asset Representations Review, and may rely on the lists of Subject Receivables provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials, and shall have no liability for any errors in the Review Materials, and may rely on the accuracy and completeness of the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (v) to take any action or cause any other party to take any action under any of the Related Documents or otherwise to enforce any remedies against any person for breaches of representations or warranties about the Subject Receivables; (vi) to provide or obtain a legal opinion or to make a legal determination or conclusion with respect to any Test relating to a Subject Receivable; or (vii) to determine the reason for the delinquency of any Subject Receivable, the creditworthiness of any Obligor, the overall quality of any Subject Receivable or the compliance by the Servicer with its covenants with respect to the servicing of such Subject Receivable.
Appears in 2 contracts
Sources: Asset Representations Review Agreement (First National Funding LLC), Asset Representations Review Agreement (First National Funding LLC)
Review Process Limitations. The Asset Representations Reviewer will have no obligation:
(i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders Holders of Investor Certificates has voted to direct an Asset Representations a Review under the Indenture SupplementsPooling and Servicing Agreement, and may rely on the information in any Review Notice delivered to the Asset Representations Reviewer;
(ii) to determine which Receivables are subject to an Asset Representations a Review, and may rely on the lists of Subject Receivables provided by the Servicer;
(iii) to obtain or confirm the validity of the Review Materials, and shall have no liability for any errors in the Review Materials, and may rely on the accuracy and completeness of the Review Materials;
(iv) to obtain missing or insufficient Review Materials from any party or any other source;
(v) to take any action or cause any other party to take any action under any of the Related Documents Pooling and Servicing Agreement or otherwise to enforce any remedies against any person the Seller for breaches of representations or warranties about the Subject Receivables;
(vi) to provide or obtain a legal opinion or to make a legal determination or conclusion with respect to any Test relating to a Subject Receivable; or
(vii) to determine the reason for the delinquency of any Subject Receivable, the creditworthiness of any Obligor, the overall quality of any Subject Receivable or the compliance by the Servicer with its covenants with respect to the servicing of such Subject the Receivable; or
(vii) except for those relating to the legal opinion provided pursuant to Section 4.02(f), to make a legal determination or conclusion.
Appears in 2 contracts
Sources: Asset Representations Review Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust), Asset Representations Review Agreement (Citibank, N.A., as Depositor of Citibank Credit Card Issuance Trust)
Review Process Limitations. The Asset Representations Reviewer will have no obligation:
(i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture SupplementsIndenture, and may rely on the information in any Review Notice delivered to the Asset Representations Reviewer;
(ii) to determine which Receivables are subject to an Asset Representations Review, and may rely on the lists of Subject Receivables provided by the Servicer;
(iii) to obtain or confirm the validity of the Review Materials, and shall have no liability for any errors in the Review Materials, and may rely on the accuracy and completeness of the Review Materials;
(iv) to obtain missing or insufficient Review Materials from any party or any other source;
(v) to take any action or cause any other party to take any action under any of the Related Documents or otherwise to enforce any remedies against any person Person for breaches of representations or warranties about the Subject Receivables;
(vi) to provide or obtain a legal opinion or to make a legal determination or conclusion with respect to any Test relating to a Subject Receivable; or
(viivi) to determine the reason for the delinquency of any Subject Receivable, the creditworthiness of any Obligor, the overall quality of any Subject Receivable or the compliance by the Servicer with its covenants with respect to the servicing of such Subject Receivable.
Appears in 1 contract
Sources: Asset Representations Review Agreement (World Financial Network Credit Card Master Trust)
Review Process Limitations. The Asset Representations Reviewer will have no obligation:
(i) to determine whether a Delinquency Trigger has occurred or whether the required percentage of Noteholders has voted to direct an Asset Representations Review under the Indenture SupplementsIndenture, and may rely on the information in any Review Notice delivered to the Asset Representations Reviewer;
(ii) to determine which Receivables are subject to an Asset Representations Review, and may rely on the lists of Subject Receivables provided by the Servicer;
(iii) to obtain or confirm the validity of the Review Materials, Materials and shall have no liability for any errors or omissions in the Review Materials, and may rely on the accuracy and completeness of the Review Materials;
(iv) to obtain missing or insufficient Review Materials from any party or any other source;
(v) to take any action or cause any other party to take any action under any of the Related Documents or otherwise to enforce any remedies against any person Person for breaches of representations or warranties about the Subject Receivables;
(vi) to provide or obtain a legal opinion or to make a legal determination or conclusion with respect to any Test relating to a Subject Receivableconclusion; or
(vii) to determine the reason for the delinquency of any Subject Receivable, the creditworthiness of any Obligor, the overall quality of any Subject Receivable or the compliance by the Servicer with its covenants with respect to the servicing of such Subject Receivable.
Appears in 1 contract
Sources: Asset Representations Review Agreement (World Financial Network Credit Card Master Note Trust)