Common use of Notice of Breach Clause in Contracts

Notice of Breach. Upon (i) the discovery by the Asset Representations Reviewer, the Issuer or the Servicer or (ii) the receipt of written notice by or actual knowledge of a Responsible Officer of the Owner Trustee or the Indenture Trustee, of a material breach of any of the representations and warranties in Section 4.1(a), the party discovering such breach will give prompt notice to the other parties.

Appears in 44 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-3), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2022-2)

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Notice of Breach. Upon (i) the On discovery by the Asset Representations Reviewer, the Issuer Issuer, the Owner Trustee, the Trustee or the Servicer or (ii) the receipt of written notice by or actual knowledge of a Responsible Officer of the Owner Trustee or the Indenture Trustee, of a material breach of any of the representations and warranties in Section 4.1(a), the party discovering such breach will give prompt notice to the other parties.

Appears in 39 contracts

Samples: Asset Representations Review Agreement (GMF Floorplan Owner Revolving Trust), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2020-3), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2020-3)

Notice of Breach. Upon (i) the On discovery by the Asset Representations Reviewer, the Issuer Issuer, the Trustee or the Servicer or (ii) the receipt of written notice by or actual knowledge of a Responsible Officer of the Owner Trustee or the Indenture Trustee, of a material breach of any of the representations and warranties in Section 4.1(a), the party discovering such breach will give prompt notice to the other parties.

Appears in 32 contracts

Samples: Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-1), Asset Representations Review Agreement (GM Financial Consumer Automobile Receivables Trust 2024-1), Asset Representations Review Agreement (Afs Sensub Corp.)

Notice of Breach. Upon (i) the On discovery by the Asset Representations Reviewer, the Issuer or the Servicer or (ii) the upon receipt of written notice by or actual knowledge of a Responsible Officer of the Owner Trustee or the Indenture Trustee, in each case, of a material breach of any of the representations and warranties in Section 4.1(a), the party discovering or receiving written notice or having actual knowledge such breach will give prompt notice to the other parties.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-2), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-1), Asset Representations Review Agreement (Exeter Automobile Receivables Trust 2024-1)

Notice of Breach. Upon (i) the discovery by the Asset Representations Reviewer, the Issuer or the Servicer or (ii) the receipt of written notice by or actual knowledge of a Responsible Officer of the Issuer Owner Trustee or the Indenture Trustee, of a material breach of any of the representations and warranties in Section 4.1(a), the party discovering such breach will give prompt notice to the other parties.

Appears in 10 contracts

Samples: Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-2), Asset Representations Review Agreement (GM Financial Automobile Leasing Trust 2024-1)

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Notice of Breach. Upon (i) the On discovery by the Asset Representations Reviewer, the Issuer Issuer, the Owner Trustee, the Indenture Trustee or the Servicer or (ii) the receipt of written notice by or actual knowledge of a Responsible Officer of the Owner Trustee or the Indenture Trustee, of a material breach of any of the representations and warranties in Section 4.1(a), the party discovering such breach will give prompt notice to the other parties.

Appears in 3 contracts

Samples: Asset Representations Review Agreement (Efcar, LLC), Asset Representations Review Agreement (Efcar, LLC), Asset Representations Review Agreement (ACAR Leasing Ltd.)

Notice of Breach. Upon (i) the On discovery by the Asset Representations Reviewer, the Issuer Issuer, the Depositor or the Servicer or (ii) the receipt of written notice by or actual knowledge of a Responsible Officer of the Owner Trustee or the Indenture Trustee, of a material breach of any of the representations and warranties in Section 4.1(a), the party discovering such breach will give prompt notice to the other parties.

Appears in 2 contracts

Samples: Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC), Asset Representations Review Agreement (GNMAG Asset Backed Securitizations, LLC)

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