Common use of Review Process Limitations Clause in Contracts

Review Process Limitations. Vendor 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; (ii) to determine which Accounts and Transferred Receivables are subject to an Asset Representations Review; (iii) to obtain or confirm the validity of the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (v) to determine whether noncompliance with the representations or warranties constitutes a breach of the provisions of any of the Related Documents; (vi) 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 Accounts and Subject Receivables; (vii) to determine the reason for the delinquency of any Transferred Receivable, the creditworthiness of any Obligor, the overall quality of any Transferred Receivable or the compliance by Servicer with its covenants with respect to the servicing of such Transferred Receivable; or (viii) to establish cause, materiality or recourse for any failed Test.