Common use of Transition and Expenses Clause in Contracts

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 116 contracts

Samples: Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2021-B), Asset Representations Review Agreement (Hyundai Auto Receivables Trust 2018-B), Asset Representations Review Agreement (Honda Auto Receivables 2020-1 Owner Trust)

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Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and the Servicer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The outgoing Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer and the Servicer or the successor Asset Representations Reviewer.

Appears in 75 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 Funding LLC)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 75 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Receivables 2019-a Owner Trust), Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii), Asset Representations Review Agreement (Nissan Auto Receivables 2016-a Owner Trust)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 68 contracts

Samples: Asset Representations Review Agreement (Santander Drive Auto Receivables LLC), Asset Representations Review Agreement (Santander Drive Auto Receivables Trust 2021-3), Asset Representations Review Agreement (Santander Drive Auto Receivables LLC)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with in reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 60 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Lease Two LLC), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2020-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2017-A)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer Issuing Entity and the Servicer and take all actions reasonably requested to assist the Issuer Issuing Entity in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer Issuing Entity and the Servicer or the successor Asset Representations Reviewer.

Appears in 43 contracts

Samples: Asset Representations Review Agreement (CNH Equipment Trust 2018-B), Asset Representations Review Agreement (CNH Capital Receivables LLC), Asset Representations Review Agreement (CNH Equipment Trust 2023-B)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and the Servicer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer and the Servicer or the successor Asset Representations Reviewer.

Appears in 39 contracts

Samples: Asset Representations Review Agreement (Vw Credit Leasing LTD), Asset Representations Review Agreement (Volkswagen Auto Lease/Loan Underwritten Funding, LLC), Asset Representations Review Agreement (Mercedes-Benz Auto Lease Trust 2017-A)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s 's rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s 's obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with in reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 20 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Owner Trust 2022-D), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2023-B), Asset Representations Review Agreement (Ford Credit Auto Lease Trust 2022-A)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 18 contracts

Samples: Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC), Asset Representations Review Agreement (California Republic Auto Receivables Trust 2016-1), Asset Representations Review Agreement (Ford Credit Floorplan Corp)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Except for a permitted resignation pursuant to Section 6.2(a)(iii), the Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 13 contracts

Samples: Asset Representations Review Agreement (Capital One Prime Auto Receivables Trust 2020-1), Asset Representations Review Agreement (Capital One Prime Auto Receivables Trust 2019-2), Asset Representations Review Agreement (Capital One Auto Receivables LLC)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer Issuing Entity and take all actions reasonably requested to assist the Issuer Issuing Entity in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer Issuing Entity or the successor Asset Representations Reviewer.

Appears in 13 contracts

Samples: Asset Representations Review Agreement (Nissan Auto Lease Trust 2024-A), Asset Representations Review Agreement (Nissan Auto Lease Trust 2022-A), Asset Representations Review Agreement (Nissan Auto Lease Trust 2021-A)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) ), if any, of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 5 contracts

Samples: Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-2), Asset Representations Review Agreement (Bridgecrest Lending Auto Securitization Trust 2024-1)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer Issuing Entity and the Servicer and take all actions reasonably requested to assist the Issuer Issuing Entity in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The outgoing Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer Issuing Entity and the Servicer or the successor Asset Representations Reviewer.

Appears in 3 contracts

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

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. [The Asset Representations Reviewer Reviewer][The Servicer] will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Fifth Third Holdings Funding, LLC), Asset Representations Review Agreement (Fifth Third Holdings Funding, LLC), Asset Representations Review Agreement (Fifth Third Holdings Funding, LLC)

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Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. [The Asset Representations Reviewer Reviewer][The Servicer] will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Hyundai Abs Funding Corp), Asset Representations Review Agreement (Hyundai Abs Funding LLC)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer other parties and take all actions reasonably requested to assist the Issuer other parties in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the reasonable fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer Servicer or the successor Asset Representations Reviewer.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust), Asset Representations Review Agreement (SMART ABS Series 2016-2us Trust)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and the Servicer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s 's rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s 's obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer and the Servicer or the successor Asset Representations Reviewer.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (Daimler Trust), Asset Representations Review Agreement (Daimler Trust)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer or the successor Asset Representations Reviewer.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Ford Credit Auto Receivables Two LLC)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer Issuer, the Master Servicer or the successor Asset Representations Reviewer.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Discover Card Master Trust I)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer Issuer, the Servicer and the Administrator and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The Asset Representations Reviewer will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer Issuer, the Servicer, the Administrator or the successor Asset Representations Reviewer.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Toyota Auto Finance Receivables LLC)

Transition and Expenses. If the Asset Representations Reviewer Review resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The [Asset Representations Reviewer Reviewer] will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer [Servicer] or the successor Asset Representations Reviewer.

Appears in 1 contract

Samples: Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

Transition and Expenses. If the Asset Representations Reviewer resigns or is removed, the Asset Representations Reviewer will cooperate with the Issuer and take all actions reasonably requested to assist the Issuer in making an orderly transition of the Asset Representations Reviewer’s rights and obligations under this Agreement to the successor Asset Representations Reviewer. The [Asset Representations Reviewer Reviewer] will pay the reasonable expenses (including the fees and expenses of counsel) of transitioning the Asset Representations Reviewer’s obligations under this Agreement and preparing the successor Asset Representations Reviewer to take on such the obligations on receipt of an invoice with reasonable detail of the expenses from the Issuer [Servicer] or the successor Asset Representations Reviewer.

Appears in 1 contract

Samples: Form of Asset Representations Review Agreement (Macquarie Leasing Pty LTD)

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