Common use of No Impairment of HLSS’s Rights Clause in Contracts

No Impairment of HLSS’s Rights. As of the Effective Date, or as of any Sale Date with respect to any Receivables sold on such date, neither HLSS nor any other Person has taken any action that, or failed to take any action the omission of which, would materially impair its rights or the rights of its assignees, with respect to any Receivables.

No Impairment of HLSS’s Rights. As of the Effective Closing Date, or as of any Sale Date with respect to any Receivables sold on such date, neither HLSS nor any other Person has taken any action that, or failed to take any action the omission of which, would materially impair its rights or the rights of its assignees, with respect to any Receivables.