Common use of Asset Representations Review Clause in Contracts

Asset Representations Review. For each Reviewable Receivable, the Asset Representations Reviewer shall perform the Tests, as outlined in the AUPs and described in Attachment 1. The Asset Representations Reviewer shall complete the Asset Representations Review of each Reviewable Receivable within sixty (60) days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional thirty (30) days if the Asset Representations Reviewer requests missing documents or clarifications, as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquency; • Creditworthiness of the obligor, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any Receivable; • Whether the Servicer has serviced any Receivable in compliance with the Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Pooling Agreement; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including (a) reviewing the Receivables for compliance with the representations under the Pooling Agreement, except as described in this Agreement or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of the Pooling Agreement.

Asset Representations Review. For each Reviewable Account and Reviewable Receivable, the Asset Representations Reviewer shall perform the Tests, as outlined in the AUPs and described in Attachment 1. The Asset Representations Reviewer shall complete the Asset Representations Review of each Reviewable Account and Reviewable Receivable within sixty (60) days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional thirty (30) days if the Asset Representations Reviewer requests missing documents or clarifications, clarifications as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquencydowngrade; • Creditworthiness of the obligordealer, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any Account or Receivable; • Whether the Servicer has serviced any Account or Receivable in compliance with the Pooling and Servicing Agreement and the Trust Sale and Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Pooling and Servicing Agreement; • Whether the Sponsor of the Depositor would be required to remove any “programmed” or “no credit” Account or repurchase any Receivable related to a “programmed” or “no credit” Account; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including (a) reviewing the Accounts and Receivables for compliance with the representations under the Pooling and Servicing Agreement, except as described in this Agreement Agreement, or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of the Pooling and Servicing Agreement.

Asset Representations Review. For each Reviewable Receivable, the Asset Representations Reviewer shall perform the Tests, as outlined in the AUPs and described in Attachment 1. The Asset Representations Reviewer shall complete the Asset Representations Review of each Reviewable Receivable within sixty (60) days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional thirty (30) days if the Asset Representations Reviewer requests missing documents or clarifications, as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquency; • Creditworthiness of the obligor, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any Receivable; • Whether the Servicer has serviced any Receivable in compliance with the Pooling and Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Pooling and Servicing Agreement; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including (a) reviewing the Receivables for compliance with the representations under the Pooling and Servicing Agreement, except as described in this Agreement Agreement, or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of the Pooling and Servicing Agreement.

Asset Representations Review. For reviews of each Reviewable Receivable, the Asset Representations Reviewer shall [Reviewer] will perform the Tests, as outlined in the AUPs and described in Attachment 1. The Asset Representations Reviewer shall [Reviewer] will complete the Asset Representations Review of each Reviewable Receivable within [sixty (60) )] days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional [thirty (30) )] days if the Asset Representations Reviewer requests missing documents or clarifications, clarifications as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquency; • Creditworthiness of the obligor, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any Receivable; • Whether the Servicer has serviced any Receivable in compliance with the Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Pooling Agreement; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including without limitation (a) reviewing the Receivables for compliance with the representations under the Pooling Agreement, except as described in this Agreement Agreement, or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of any of the Pooling Agreement.

Asset Representations Review. For each Reviewable Receivable, the Asset Representations Reviewer shall perform the Tests, as outlined in the AUPs and described in Attachment 1. The Asset Representations Reviewer shall complete the Asset Representations Review of each Reviewable Receivable within sixty (60) days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional thirty (30) days if the Asset Representations Reviewer requests missing documents or clarifications, as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquency; • Creditworthiness of the obligor, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any Receivable; • Whether the Servicer has serviced any Receivable in compliance with the Pooling and Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Pooling and Servicing Agreement; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including (a) reviewing the Receivables for compliance with the representations under the Pooling and Servicing Agreement, except as described in this Agreement or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of the Pooling and Servicing Agreement.

Asset Representations Review. For each Reviewable Receivable, the Asset Representations Reviewer shall perform the Tests, as outlined in the AUPs and described in Attachment 1. The Asset Representations Reviewer shall complete the Asset Representations Review of each Reviewable Receivable within [sixty (60) )] days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional [thirty (30) )] days if the Asset Representations Reviewer requests missing documents or clarifications, as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquency; • Creditworthiness of the obligor, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any Receivable; • Whether the Servicer has serviced any Receivable in compliance with the Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Pooling Agreement; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including (a) reviewing the Receivables for compliance with the representations under the Pooling Agreement, except as described in this Agreement or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of the Pooling Agreement.

Asset Representations Review. For each Reviewable ReceivableLease Asset, the Asset Representations Reviewer shall perform the Tests, as outlined in the AUPs and described set forth in Attachment 1. The Asset Representations Reviewer shall complete the Asset Representations Review of each Reviewable Receivable Lease Asset within sixty (60) days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional thirty (30) days if the Asset Representations Reviewer requests missing documents or clarifications, clarifications as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquency; • Creditworthiness of the obligor, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any ReceivableLease Asset; • Whether the Servicer has serviced any Receivable Lease Asset in compliance with the Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Allocation Agreement or the Pooling Agreement; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including (a) reviewing the Receivables Lease Assets for compliance with the representations under the Pooling Allocation Agreement, except as described in this Agreement or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of the Allocation Agreement or the Pooling Agreement.

Asset Representations Review. For each Reviewable Receivable, the Asset Representations Reviewer shall perform the Tests, as outlined in the AUPs and described in Attachment 1. The Asset Representations Reviewer shall complete the Asset Representations Review of each Reviewable Receivable within [sixty (60) )] days of receiving the Required Documents. The Asset Representations Review period may be extended by up to an additional [thirty (30) )] days if the Asset Representations Reviewer requests missing documents or clarifications, as described in Sections 2.3.3 and 2.3.4. The Asset Representations Review is not designed to determine any of the following: • Reason for delinquency; • Creditworthiness of the obligor, either at the time of the Asset Representations Review or at the origination date; • Overall quality of any Receivable; • Whether the Servicer has serviced any Receivable in compliance with the Pooling and Servicing Agreement; • Whether noncompliance with the representations or warranties constitutes a breach of the provisions of the Pooling and Servicing Agreement; or • To establish cause, materiality or recourse for any Test. The parties confirm that the Asset Representations Reviewer is not responsible for any obligations not set forth herein, including (a) reviewing the Receivables for compliance with the representations under the Pooling and Servicing Agreement, except as described in this Agreement Agreement, or (b) determining whether noncompliance with the representations constitutes a breach of any of the provisions of the Pooling and Servicing Agreement.