Review Scope. The Reviews are designed to determine whether certain 2024-2 Leases were in compliance with certain representations and warranties made about them in the Servicing Supplement. The Reviews are not designed to determine any of the following: (a) reason for delinquency; (b) creditworthiness of the Lessees, either at the time of the Review or as of the time of the origination of the related 2024-2 Leases; (c) overall quality of any Review Asset;
Appears in 2 contracts
Sources: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-2), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2024-2)
Review Scope. The Reviews are designed to determine whether certain 20242021-2 1 Leases were in compliance with certain representations and warranties made about them in the Servicing Supplement. The Reviews are not designed to determine any of the following:
: (a) reason for delinquency;
(b) creditworthiness of the Lessees, either at the time of the Review or as of the time of the origination of the related 2024-2 Leases;
(c) overall quality of any Review Asset;
Appears in 2 contracts
Sources: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2021-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2021-1)
Review Scope. The Reviews are designed to determine whether certain 20242025-2 1 Leases were in compliance with certain representations and warranties made about them in the Servicing Supplement. The Reviews are not designed to determine any of the following:
(a) reason for delinquency;
(b) creditworthiness of the Lessees, either at the time of the Review or as of the time of the origination of the related 20242025-2 1 Leases;
(c) overall quality of any Review Asset;
Appears in 2 contracts
Sources: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2025-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2025-1)
Review Scope. The Reviews are designed to determine whether certain 20242022-2 1 Leases were in compliance with certain representations and warranties made about them in the Servicing Supplement. The Reviews are not designed to determine any of the following:
(a) reason for delinquency;
(b) creditworthiness of the Lessees, either at the time of the Review or as of the time of the origination of the related 2024-2 Leases;
(c) overall quality of any Review Asset;
Appears in 2 contracts
Sources: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2022-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2022-1)
Review Scope. The Reviews are designed to determine whether certain 20242023-2 1 Leases were in compliance with certain representations and warranties made about them in the Servicing Supplement. The Reviews are not designed to determine any of the following:
(a) reason for delinquency;
(b) creditworthiness of the Lessees, either at the time of the Review or as of the time of the origination of the related 2024-2 Leases;
(c) overall quality of any Review Asset;
Appears in 2 contracts
Sources: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2023-1), Asset Representations Review Agreement (BMW Vehicle Lease Trust 2023-1)
Review Scope. The Reviews are designed to determine whether certain 20242021-2 Leases were in compliance with certain representations and warranties made about them in the Servicing Supplement. The Reviews are not designed to determine any of the following:
: (a) reason for delinquency;
(b) creditworthiness of the Lessees, either at the time of the Review or as of the time of the origination of the related 2024-2 Leases;
(c) overall quality of any Review Asset;
Appears in 1 contract
Sources: Asset Representations Review Agreement (BMW Vehicle Lease Trust 2021-2)
Review Scope. The Reviews are designed to determine whether certain 2024-2 20[__]-[__] Leases were in compliance with certain representations and warranties made about them in the Servicing Supplement. The Reviews are not designed to determine any of the following:
(a) reason for delinquency;
(b) creditworthiness of the Lessees, either at the time of the Review or as of the time of the origination of the related 2024-2 Leases;
(c) overall quality of any Review Asset;
Appears in 1 contract
Sources: Asset Representations Review Agreement (Financial Services Vehicle Trust)