Asset Review definition

Asset Review means any review of representations and warranties conducted by a Non-Lead Asset Representations Reviewer, as contemplated by Item 1101(m) of Regulation AB.

Asset Review means the performance by the Asset Representations Reviewer of the testing procedures for each Test and each Asset Review Receivable in accordance with Section 3.4.

Asset Review has the meaning assigned to such term in the Asset Representations Review Agreement.

Examples of Asset Review in a sentence

• It will maintain copies of any Asset Review Materials, Asset Review Reports and other documents relating to an Asset Review, including internal correspondence and work papers, for a period of two years after the termination of this Agreement.

• Any such Agent must be approved by Servicer prior to engaging in any Asset Review under this Agreement.

• The Asset Representations Reviewer, at its discretion, may utilize the services of third parties, affiliates, and agents (“Agents”) to provide any Asset Review under this Agreement; provided, however, that the Asset Representations Reviewer has entered into confidentiality agreements with such Agents (or such Agents are otherwise bound by confidentiality obligations) the provisions of which are no less protective than those set forth in this Agreement.

• Following the completion of an Asset Review and the delivery to the Indenture Trustee of the Asset Review Report, or the termination of an Asset Review according to Section 3.4(e), and the delivery to the Servicer of a detailed invoice, the Asset Representations Reviewer will be entitled to a fee of up to $250 for each Asset Review Receivable for which the Asset Review was started (the “Asset Review Fee”).

• To the extent that such amounts were not previously paid by the Servicer or any other party, upon receipt of a detailed invoice, the Asset Representations Reviewer shall be entitled to payment by the Servicer of incurred but otherwise unpaid Asset Review Fees.

More Definitions of Asset Review

Asset Review. A review of the compliance of each Delinquent Loan with the representations and warranties of the applicable Mortgage Loan Seller, in accordance with the Asset Review Standard and the procedures set forth on Exhibit JJ hereto.

Asset Review means the completion by the Asset Representations Reviewer of the “Tests” set forth in Exhibit A for each Subject Receivable as further described in Section 3.05.

Asset Review shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement or such other analogous term used in any Non-Lead Securitization Servicing Agreement, as applicable.

Asset Review means the performance by the Asset Representations Reviewer of the testing procedures for each Test and each Subject Lease according to Section 3.4.

Asset Review has the meaning set forth in the 2024-1 Asset Representations Review Agreement.

Asset Review means, for any Asset Review Notice, the performance by the Asset Representations Reviewer of each Asset Test stated in Schedule to the Asset Representations Review Agreement for each Asset Review Receivable.

Asset Review has the meaning set forth in the 2016-2 Asset Representations Review Agreement.