Common use of No Resignation of Asset Representations Reviewer Clause in Contracts

No Resignation of Asset Representations Reviewer. The Asset Representations Reviewer will not resign as Asset Representations Reviewer prior to the second anniversary of the date hereof unless a Resignation Condition has occurred. In addition, unless the Resignation Condition specified in clause (i) or clause (ii) of the definition thereof has occurred, the Asset Representations Reviewer will not resign (v) if an Asset Representations Review is ongoing, (w) on any date that is not more than 90 calendar days after the filing of a Form 10-D report on behalf of the Issuer to the effect a Delinquency Trigger has occurred, (x) if the Indenture Trustee is conducting a vote of the Noteholders pursuant to Section 4.19(d) of the applicable Indenture Supplements as to whether an Asset Representations Review should be initiated, (y) if a Review Notice has been received by the Asset Representations Reviewer or (z) if the result of the Delinquency Trigger Rate over the Three-Month Average 60-Day Delinquency Rate for the immediately preceding Monthly Period is 2.00% or less. The Asset Representations Reviewer will deliver sixty (60) calendar days’ prior written notice of its resignation to the RPA Seller, the Servicer, the Issuer, the Transferor and the Indenture Trustee.