Common use of Review Scope Clause in Contracts

Review Scope. The Reviews are designed to determine whether certain Receivables were in compliance with certain representations and warranties made about them in the Purchase Agreement. The Servicer hereby confirms that the representations and warranties made about such Receivables in the Purchase Agreement shall only be made as of the Closing Date. The Review is not designed to determine any of the following: (a) Reason for delinquency; (b) Creditworthiness of the related Obligor, either at the time of the Review or as of the origination date of the Receivable; (c) Overall quality of any ARR Receivable; (d) Whether the Servicer has serviced any Receivable in compliance with the Sale and Servicing Agreement; (e) Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase Agreement; (f) Whether the Receivables were in compliance with the representations and warranties set forth in the Purchase Agreement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 28 contracts

Sources: Asset Representations Review Agreement (John Deere Owner Trust 2025-B), Asset Representations Review Agreement (John Deere Receivables LLC), Asset Representations Review Agreement (John Deere Owner Trust 2025)

Review Scope. The Reviews are designed to determine whether certain Receivables were in compliance with certain representations and warranties made about them in the Purchase Agreement. The Servicer hereby confirms that the representations and warranties made about such Receivables in the Purchase Agreement shall only be made as of the Closing Date. The Review is not designed to determine any of the following: (a) Reason for delinquency; (b) Creditworthiness of the related Obligor, either at the time of the Review or as of the origination date of the Receivable; (c) Overall quality of any ARR Receivable; (d) Whether the Servicer has serviced any Receivable in compliance with the Sale and Servicing Agreement; (e) Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase Agreement; (f) Whether the Receivables were in compliance with the representations and warranties set forth in the Purchase Agreement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 3 contracts

Sources: Asset Representations Review Agreement (John Deere Owner Trust 2025), Asset Representations Review Agreement (John Deere Owner Trust 2024-C), Asset Representations Review Agreement (John Deere Owner Trust 2023-B)

Review Scope. The Reviews are designed to determine whether certain Receivables were in compliance with certain representations and warranties made about them in the Purchase Agreement. The Servicer hereby confirms that the representations and warranties made about such Receivables in the Purchase Agreement shall only be made as of the Closing Date. ​ ​ The Review is not designed to determine any of the following: (a) Reason for delinquency; (b) Creditworthiness of the related Obligor, either at the time of the Review or as of the origination date of the Receivable; (c) Overall quality of any ARR Receivable; (d) Whether the Servicer has serviced any Receivable in compliance with the Sale and Servicing Agreement; (e) Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase Agreement; (f) Whether the Receivables were in compliance with the representations and warranties set forth in the Purchase Agreement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 2 contracts

Sources: Asset Representations Review Agreement (John Deere Owner Trust 2024), Asset Representations Review Agreement (John Deere Owner Trust 2023-B)

Review Scope. The Reviews are designed to determine whether certain Receivables were in compliance with certain representations and warranties made about them in the Purchase Agreement. The Servicer hereby confirms that the representations and warranties made about such Receivables in the Purchase Agreement shall only be made as of the Closing Date. The Review is not designed to determine any of the following: (a) Reason for delinquency; (b) Creditworthiness of the related Obligor, either at the time of the Review or as of the origination date of the Receivable; (c) Overall quality of any ARR Receivable; (d) Whether the Servicer has serviced any Receivable in compliance with the Sale and Servicing Agreement; (e) Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Purchase Agreement; (f) Whether the Receivables were in compliance with the representations and warranties set forth in the Purchase Agreement, except as expressly described in this ARR Agreement; or (g) To establish cause, materiality or recourse for any failed Test as described in Section 3.05.

Appears in 1 contract

Sources: Asset Representations Review Agreement (John Deere Owner Trust 2025-B)