Common use of Agency Notices Clause in Contracts

Agency Notices. Unless the Borrower is prohibited by the Applicable Agency, any regulator, a Governmental Authority or a Requirement of Law from sharing due to confidentially restrictions, the Borrower shall promptly furnish the Lender, within three (3) Business Day of receipt, (i) a copy of any notices it receives from Xxxxxx Xxx or Freddie Mac indicating any adverse fact or circumstance in respect of the Borrower with respect to which adverse fact or circumstance Xxxxxx Xxx or Freddie Mac, respectively, announce its intention to terminate or threatens in writing to terminate the Borrower with cause and (ii) a copy of any notice from an Applicable Agency indicating material breach, default or material non-compliance by the Borrower. For the avoidance of doubt, to the extent the Borrower is prohibited from sharing any of the notices referenced in clauses (i) and (ii) above but is not prohibited from sharing the substance of such notices, the Borrower shall promptly notify the Lender of the substance of such notices.

Appears in 2 contracts

Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.)

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Agency Notices. Unless the Borrower is prohibited by the Applicable Agency, any regulator, a Governmental Authority or a Requirement of Law from sharing due to confidentially restrictions, the Borrower shall promptly furnish the Lenderpromptly, but in any event within three (3) Business Day Days of receipt, furnish to the Administrative Agent (i) a copy of any notices it receives from Xxxxxx Xxx or Freddie Mac any Agency indicating any adverse fact or circumstance in respect of the Borrower with respect to which adverse fact or circumstance Xxxxxx Xxx or Freddie Macsuch Agency, respectively, announce its intention to terminate or threatens in writing to terminate the Borrower with cause and (ii) a copy of any notice from an Applicable any Agency indicating material breach, default or material non-compliance by the Borrower. For the avoidance of doubt, to the extent the Borrower is prohibited from sharing any of the notices referenced in clauses (i) and (ii) above but is not prohibited from sharing the substance of such notices, the Borrower shall promptly notify the Lender Administrative Agent of the substance of such notices.

Appears in 1 contract

Samples: Loan and Security Agreement (Mr. Cooper Group Inc.)

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Agency Notices. Unless the Borrower is prohibited by the Freddie Mac Requirements, the Applicable Agency, any regulator, a Governmental Authority or a Requirement of Law from sharing due to confidentially restrictions, the Borrower shall promptly furnish the Lender, within three (3) [***] Business Day of receipt, (i) a copy of any notices it receives from Xxxxxx Xxx or Freddie Mac indicating any adverse fact or circumstance in respect of the Borrower or Subservicer with respect to which adverse fact or circumstance Xxxxxx Xxx or Freddie Mac, respectively, announce its intention to terminate or threatens in writing to terminate the Borrower or Subservicer with cause and (ii) a copy of any notice from an Applicable Agency indicating material breach, default or material non-compliance by the BorrowerBorrower or Subservicer. For the avoidance of doubt, to the extent the Borrower or Subservicer is prohibited from sharing any of the notices referenced in clauses (i) and (ii) above but is not prohibited from sharing the substance of such notices, the Borrower shall promptly notify the Lender of the substance of such notices.

Appears in 1 contract

Samples: Loan and Security Agreement (UWM Holdings Corp)

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