Common use of Testing Procedure Limitations Clause in Contracts

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the Tests, and will not be obligated to perform additional procedures on any Review Receivable or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable that it determines in good faith to be material to the Asset Representations Review.

Appears in 95 contracts

Samples: Asset Representations Review Agreement (CarMax Auto Owner Trust 2024-2), Asset Representations Review Agreement (Carmax Auto Funding LLC), Asset Representations Review Agreement (CarMax Auto Owner Trust 2024-1)

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Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the testing procedures listed under “Tests” in Schedule A, and will not be obligated to perform additional procedures on any Review Receivable or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable that it determines in good faith to be material to the Asset Representations Review.

Appears in 40 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-A), Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-A), Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the testing procedures listed under “Tests” in Schedule A, and will not be obligated have no obligation to perform additional procedures on any Review Receivable Subject Lease or to provide any information other than a Review ReportReport indicating for each Subject Lease whether there was a Test Pass or a Test Fail for each Test, or whether the Subject Lease was a Test Complete and the related reason. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable Subject Lease that it determines in good faith to be material to the Asset Representations Review.

Appears in 34 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Lease Trust 2024-A), Asset Representations Review Agreement (Nissan Auto Lease Trust 2024-A), Asset Representations Review Agreement (Nissan Auto Lease Trust 2023-B)

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the testing procedures listed under “Tests” in Schedule A, and will not be obligated to perform additional procedures on any Review Receivable Lease or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable Lease that it determines in good faith to be material to the Asset Representations Review.

Appears in 27 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2021-A)

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the Tests” listed under Schedule B, and will not be obligated to perform additional procedures on any Review Receivable or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable that it determines in good faith to be material to the Asset Representations ReviewReview and may re-perform a Review with respect to a Review Receivable as contemplated by Section 3.03(d).

Appears in 23 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2024-A), Asset Representations Review Agreement (CNH Equipment Trust 2024-A), Asset Representations Review Agreement (CNH Equipment Trust 2023-B)

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the Tests” listed under Schedule B, and will not be obligated to perform additional procedures on any Review Receivable or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable that it determines in good faith to be material to the Asset Representations Review.

Appears in 21 contracts

Samples: Asset Representations Review Agreement (CNH Capital Receivables LLC), Asset Representations Review Agreement (CNH Equipment Trust 2019-A), Asset Representations Review Agreement (CNH Equipment Trust 2019-A)

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the TestsTests listed under Schedule A, and will not be obligated to perform additional procedures on any Review Receivable Asset or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable Asset that it determines in good faith to be material to the Asset Representations Review.. ARTICLE FOUR ASSET REPRESENTATIONS REVIEWER

Appears in 6 contracts

Samples: Review Agreement (Mercedes-Benz Auto Lease Trust 2021-B), Review Agreement (Mercedes-Benz Auto Lease Trust 2021-B), Review Agreement (Mercedes-Benz Auto Lease Trust 2018-B)

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Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the testing procedures listed under “Tests” in the Schedule of Tests for the related Group (as updated pursuant to Section 3.9), and will not be obligated to perform additional procedures on any Group Review Receivable or or, except as set forth in Section 3.5, to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Group Review Receivable that it determines in good faith to be material to the Asset Representations Review.

Appears in 6 contracts

Samples: Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust), Asset Representations Review Agreement (Verizon Master Trust)

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the Tests, and will not be obligated to perform additional procedures on any Review Receivable or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable that it determines in good faith to be material to the Asset Representations Review.

Appears in 5 contracts

Samples: Asset Representations Review Agreement (World Omni Auto Receivables LLC), Asset Representations Review Agreement (World Omni Select Auto Trust 2021-A), Asset Representations Review Agreement (World Omni Select Auto Trust 2021-A)

Testing Procedure Limitations. The Asset Representations Reviewer will only be required to perform the Tests, and will not be obligated to perform additional procedures on any Review Receivable Transaction Lease or to provide any information other than a Review Report. However, the Asset Representations Reviewer may provide additional information in a Review Report about any Review Receivable Transaction Lease that it determines in good faith to be material to the Asset Representations Review.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (World Omni LT), Asset Representations Review Agreement (World Omni LT), Asset Representations Review Agreement (World Omni LT)

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