Test Complete definition
Examples of Test Complete in a sentence
In this case, the Asset Representations Reviewer will report a Test Complete for the Receivable on the Review Report and the related reason.
Within five days after the end of the Review period under Section 3.4(b), the Asset Representations Reviewer will deliver to the Sponsor, the Depositor, the Issuer, the Servicer and the Indenture Trustee a Review Report indicating for each Review Receivable whether there was a Test Pass or a Test Fail for each Test, or whether the Review Receivable was an overall Test Fail (for a missing or illegible Contract) or a Test Complete.
For each Test Fail, overall Test Fail or Test Complete, the Review Report will indicate the related reason.
If such a notice is received, the Asset Representations Reviewer will immediately terminate all Tests of such Receivable and the Review of the Receivable will be considered complete (a "Test Complete").