Common use of Draft Review Report Clause in Contracts

Draft Review Report. In the event the Asset Representations Reviewer determines there is a Test Fail for any Test in connection with an Asset Representations Review, the Asset Representations Reviewer will, within ten (10) Business Days after the completion of the Asset Representations Review, deliver to Transferor and Servicer a preliminary report (a “Draft Review Report”) with respect to such Test, and the Servicer may provide Additional Review Materials and/or provide clarification regarding the previously provided Review Materials, within fifteen (15) Business Days of receiving the Draft Review Report in order to resolve any Asset Representations Review. The Asset Representations Reviewer will deliver a final Review Report to Indenture Trustee, the RPA Seller, the Servicer and the Transferor within 10 Business Days of receipt of such Additional Review Materials and/or clarification from the Servicer.