Review Process Limitations. The Asset Representations Reviewer will have no obligation: (i) to determine whether a Status Trigger has occurred or whether the required percentage of Series 2019-B Noteholders has voted to direct an Asset Review under the Series 2019-B Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee; (ii) to determine which Receivables are subject to an Asset Review, and may rely on the lists of Subject Assets provided by the Servicer; (iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials; (iv) to obtain missing or insufficient Review Materials from any party or any other source; (v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Assets; or (vi) to establish cause, materiality or recourse for any failed Test.
Appears in 2 contracts
Sources: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)
Review Process Limitations. The Asset Representations Reviewer will have no obligation:
(i) to determine whether a Status Trigger has occurred or whether the required percentage of Series 2019-B A Noteholders has voted to direct an Asset Review under the Series 2019-B A Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee;
(ii) to determine which Receivables are subject to an Asset Review, and may rely on the lists of Subject Assets provided by the Servicer;
(iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials;
(iv) to obtain missing or insufficient Review Materials from any party or any other source;
(v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Assets; or
(vi) to establish cause, materiality or recourse for any failed Test.
Appears in 2 contracts
Sources: Asset Representations Review Agreement (Nissan Master Owner Trust Receivables), Asset Representations Review Agreement (Nissan Master Owner Trust Receivables)
Review Process Limitations. The Asset Representations Reviewer will have no obligationis not obligated to and shall not undertake to:
(i) to determine whether a Status Delinquency Trigger has occurred or whether the required percentage of Series 2019-B Noteholders has voted to direct an Asset a Review under the Series 2019-B Indenture SupplementIndenture, and may is entitled to rely on the information in any Review Notice delivered by the Indenture Trustee;
(ii) to determine which Receivables assets are subject to an Asset a Review, and may is entitled to rely on the lists of Subject Review Assets provided by the ServicerServicer without further investigation;
(iii) to obtain or confirm the validity of the Review Materials and no shall not have any liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials;
(iv) to obtain missing or insufficient Additional Review Materials from any party or any other source;
(v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Review Assets; or
(vi) to establish causedetermine the reason for the delinquency of any asset, materiality the creditworthiness of any Obligor, the overall quality of the assets or recourse for any failed Testthe compliance by the Servicer with its covenants under the Transfer and Servicing Agreement.
Appears in 2 contracts
Sources: Asset Representations Review Agreement (Chase Bank Usa, National Association), Asset Representations Review Agreement (Chase Issuance Trust)
Review Process Limitations. The Asset Representations Reviewer will have no obligation:
(i) to determine whether a Status Trigger has occurred or whether the required percentage of Series 2019-B 20[•]-[•] Noteholders has voted to direct an Asset Review under the Series 2019-B 20[•]-[•] Indenture Supplement, and may rely on the information in any Review Notice delivered by the Indenture Trustee;
(ii) to determine which Receivables are subject to an Asset Review, and may rely on the lists of Subject Assets provided by the Servicer;
(iii) to obtain or confirm the validity of the Review Materials and no liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials;
(iv) to obtain missing or insufficient Review Materials from any party or any other source;
(v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Assets; or
(vi) to establish cause, materiality or recourse for any failed Test.
Appears in 1 contract
Sources: Asset Representations Review Agreement (Nissan Wholesale Receivables Corp Ii)
Review Process Limitations. The Asset Representations Reviewer will have no obligationis not obligated to and shall not undertake to:
(i) to determine whether a Status Delinquency Trigger has occurred or whether the required percentage of Series 2019-B Noteholders has voted to direct an Asset a Review under the Series 2019-B Indenture SupplementIndenture, and may is entitled to rely on the information in any Review Notice delivered by the Indenture Trustee;
(ii) to determine which Receivables assets are subject to an Asset a Review, and may is entitled to rely on the lists of Subject Review Assets provided by the ServicerServicer without further investigation;
(iii) to obtain or confirm the validity of the Review Materials and no shall not have any liability for any errors in the Review Materials and may rely on the accuracy and completeness of the Review Materials;
(iv) to obtain missing or insufficient Additional Review Materials from any party or any other source;
(v) to take any action or cause any other party to take any action under any of the Transaction Documents or otherwise to enforce any remedies against any Person for breaches of representations or warranties about the Subject Review Assets; or
(vi) to establish causedetermine the reason for the delinquency of any asset, materiality the creditworthiness of any Obligor, the overall quality of the assets or recourse for any failed Testthe compliance by the Servicer with its covenants under the Transfer and Servicing Agreement.
Appears in 1 contract
Sources: Asset Representations Review Agreement (Chase Bank Usa, National Association)