Common use of Legal Proceeding Clause in Contracts

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller or any of its Affiliates, pending or threatened, which, if decided adversely, would have a Material Adverse Effect.

Appears in 5 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement and Securities Contract (Caliber Home Loans, Inc.), Master Repurchase Agreement and Securities Contract (Korth Direct Mortgage Inc.)

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Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller or any of its Affiliates, pending or to the knowledge of Seller, threatened, which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement and Securities Contract (Stonegate Mortgage Corp)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, any Seller or any of its Affiliates, pending or threatened, whichwhich individually or in the aggregate, is reasonably likely to be decided in a manner adverse to such Seller or Affiliate thereof and, if decided adversely, would is reasonably likely to have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller any Seller, any Guarantor or any of its their Affiliates, pending or threatened, which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Repurchase Agreement (Novastar Financial Inc)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller or any of its Affiliates, pending or threatened, which, if decided adversely, would have a Material Adverse EffectEffect with respect to Seller.

Appears in 1 contract

Samples: Master Repurchase Agreement (Chimera Investment Corp)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased AssetsMortgage Loans, Seller or any of its Affiliates, pending or threatenedthreatened in writing, which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement and Securities Contract (Sachem Capital Corp.)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller any Seller, any Guarantor or any of its their Affiliates, pending or threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased AssetsMortgage Loans, Seller or any of its Affiliates, pending or threatened, which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement (loanDepot, Inc.)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller any Seller, the Guarantor or any of its their Affiliates, pending or threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller or any of its Affiliates, pending or to Seller’s knowledge, threatened, which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement and Securities Contract (AmeriHome, Inc.)

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Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, any Seller or any of its Affiliates, pending or or, to the knowledge of any Seller, threatened, which, if decided adversely, would have a reasonable likelihood of having a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement (MortgageIT Holdings, Inc.)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller the Seller, the Guarantor or any of its AffiliatesAffiliates of the Seller or the Guarantor, pending or threatened, which, if decided adversely, would have a Material Adverse EffectEffect with respect to the Seller or the Guarantor.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased AssetsLoans, Seller any Seller, any Guarantor or any of its their Affiliates, pending or threatened, which, if decided adversely, would could reasonably be expected to have a Material Adverse EffectEffect with respect to any Seller or any Guarantor.

Appears in 1 contract

Samples: Master Repurchase Agreement (ECC Capital CORP)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased AssetsSecurities, Seller any Seller, the Guarantor or any of its their Affiliates, pending or threatened, threatened that is reasonably likely to be decided adversely and which, if decided adversely, would have a Material Adverse Effect.

Appears in 1 contract

Samples: Master Repurchase Agreement (Novastar Financial Inc)

Legal Proceeding. There is no action, proceeding or investigation by or before any court, governmental or administrative agency or arbitrator affecting any of the Purchased Assets, Seller such Person or any of its Affiliates, pending or threatened, which is reasonably likely to be adversely determined and which, if decided adversely, would have a reasonable likelihood of having a Material Adverse EffectEffect with respect to such Person.

Appears in 1 contract

Samples: Master Repurchase Agreement (New Century Financial Corp)

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