Test Procedures. For a Review, the Asset Representations Reviewer will perform for each Review Receivable the procedures listed under “Tests” in Schedule B for each representation and warranty (each, a “Test”), using the Review Materials necessary to perform the procedures as stated in the Test. For each Test and Review Receivable, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”). If a Test or part of a Test cannot be performed for a Review Receivable because the Test circumstances do not apply to the Review Receivable, the Test will be considered to be satisfied and will be reported as a Test Pass.
Appears in 34 contracts
Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2019-A), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2021-A)
Test Procedures. For a Review, the Asset Representations Reviewer will perform for each Review Receivable Lease the procedures listed under “Tests” in Schedule B for each representation and warranty (each, a “Test”), using the Review Materials necessary to perform the procedures as stated in the Test. For each Test and Review ReceivableLease, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”). If a Test or part of a Test cannot be performed for a Review Receivable Lease because the Test circumstances do not apply to the Review ReceivableLease, the Test will be considered to be satisfied and will be reported as a Test Pass.
Appears in 21 contracts
Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2018-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2018-A)
Test Procedures. For a Review, the Asset Representations Reviewer will perform for each Review Receivable the procedures listed under “"Tests” " in Schedule B for each representation and warranty (each, a “"Test”"), using the Review Materials necessary to perform the procedures as stated in the Test. For each Test and Review Receivable, the Asset Representations Reviewer will determine if the Test has been satisfied (a “"Test Pass”") or if the Test has not been satisfied (a “"Test Fail”"). If a Test or part of a Test cannot be performed for a Review Receivable because the Test circumstances do not apply to the Review Receivable, the Test will be considered to be satisfied and will be reported as a Test Pass.
Appears in 11 contracts
Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2023-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-B), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-C)
Test Procedures. For a Review, the Asset Representations Reviewer will perform for each Review Receivable Lease the procedures listed under “"Tests” " in Schedule B for each representation and warranty (each, a “"Test”"), using the Review Materials necessary to perform the procedures as stated in the Test. For each Test and Review ReceivableLease, the Asset Representations Reviewer will determine if the Test has been satisfied (a “"Test Pass”") or if the Test has not been satisfied (a “"Test Fail”"). If a Test or part of a Test cannot be performed for a Review Receivable Lease because the Test circumstances do not apply to the Review ReceivableLease, the Test will be considered to be satisfied and will be reported as a Test Pass.
Appears in 9 contracts
Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2023-A), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2023-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2022-A)
Test Procedures. For a Review, the Asset Representations Reviewer will perform for each Review Receivable Lease the procedures listed under “Tests” in Schedule B A for each representation and warranty (each, a “Test”), using the Review Materials necessary to perform the procedures as stated in the Test. For each Test and Review ReceivableLease, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or if the Test has not been satisfied (a “Test Fail”). If a Test or part of a Test cannot be performed for a Review Receivable Lease because the Test circumstances do not apply to the Review ReceivableLease, the Test will be considered to be satisfied and will be reported as a Test Pass.
Appears in 5 contracts
Samples: Asset Representations Review Agreement (CAB East LLC), Asset Representations Review Agreement (CAB East LLC), Asset Representations Review Agreement (CAB East LLC)
Test Procedures. For a Review, the Asset Representations Reviewer will perform for each Review Receivable the procedures listed under “Tests” in Schedule B for each representation and warranty (each, a “Test”), using the Review Materials necessary to perform the procedures as stated in the Test. For each Test and Review Receivable, the Asset Representations Reviewer will determine if the Test has been satisfied (a “Test Pass”) or ), if the Test has not been satisfied (a “Test Fail”) or if the Test could not be concluded as a result of missing or incomplete Review Materials (a “Test Incomplete”). If a Test or part of a Test cannot be performed for a Review Receivable because the Test circumstances do not apply to the Review Receivable, the Test will be considered to be satisfied and will be reported as a Test Pass.
Appears in 2 contracts
Samples: Review Agreement (Verizon ABS LLC), Asset Representations Review Agreement (Verizon Owner Trust 2020-B)