Test Fail has the meaning stated in Section 3.4(a).
Test Fail has the meaning stated in the Asset Representations Review Agreement.
Test Fail has the meaning assigned in Section 3.03(a) of the Asset Representations Review Agreement.
Examples of Test Fail in a sentence
If the missing Review Materials or such other documents or information have not been provided by the Servicer within 60 days, the related Review Report will report a Test Fail for each Test that requires use of the missing or insufficient Review Materials.
More Definitions of Test Fail
Test Fail has the meaning assigned to such term in the Asset Representations Review Agreement. A-29 Definitions (DRIVE 2019-3)
Test Fail has the meaning stated in Section 3.05. “Test Pass” has the meaning stated in Section 3.05. “Tests” means, with respect to any 2017-1 Lease or 2017-1 Vehicle, the procedures listed in Exhibit A with respect thereto. “Trust Agreement” means the Amended and Restated Trust Agreement, dated as of the Closing Date, between BMW Auto Leasing LLC and the Owner Trustee, as the same may be amended, supplemented or modified from time to time. “Underwriters” means Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., BNP Paribas Securities Corp. and MUFG Securities Americas Inc. 2 ARTICLE II.