Material Change. The Servicer shall promptly notify the Owner in writing of any event, circumstance or occurrence which may materially and adversely affect the ability of the Servicer to perform in accordance with this Agreement.
Appears in 31 contracts
Sources: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-14sl), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax)
Material Change. The Servicer shall promptly notify the Owner and the Certificate Insurer in writing of any event, circumstance or occurrence which may materially and adversely affect the ability of the Servicer to perform in accordance with this Agreement.
Appears in 1 contract
Sources: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-9sl)