Environmental Issue. In the event it is discovered that a Financed Rental Property is subject to an Environmental Issue, Borrowers shall direct the Property Manager to immediately stop any foreclosure proceedings and not commence new foreclosure proceedings against such Rental Property.
Appears in 3 contracts
Sources: Loan and Security Agreement (Front Yard Residential Corp), Loan and Security Agreement (Altisource Residential Corp), Loan and Security Agreement (Altisource Residential Corp)