Common use of Confirmation of Status Clause in Contracts

Confirmation of Status. The ARR Review is designed to perform Tests designed to determine whether or not Review Accounts and Review Receivables were in compliance with the Eligible Representations. The ARR Review is not designed to determine any of the following: (i) reason for delinquency, (ii) creditworthiness of the Obligor, either at the time of the ARR Review or as of the Account or Receivable creation date, (iii) overall quality of any Account or Receivable, (iv) whether the Servicer has serviced any Account or Receivable in compliance with the Servicing Agreement, (v) whether noncompliance with the representations or warranties constitutes a breach of the provisions Transaction Documents, (vi) whether the Review Accounts or Review Receivables were in compliance with the representations and warranties (other than Eligible Representations) set forth in the Transaction Documents, or (vii) to establish cause, materiality or recourse for any failed Test as described herein.