Common use of No Litigation Pending Clause in Contracts

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, known to be contemplated) or threatened against the Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer or any Subservicer, or in any material impairment of the right or ability of the Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer or any Subservicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

Appears in 86 contracts

Samples: Servicing Agreement (Lehman XS Trust Series 2006-12n), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-10), Servicing Agreement (LXS 2007-3)

AutoNDA by SimpleDocs

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, or known to be contemplated) or, to the Servicer’s knowledge or threatened against the Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer or any Subservicer, or in any material impairment of the right or ability of the Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer or any Subservicer, Subservicer or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

Appears in 23 contracts

Samples: Securitization Servicing Agreement (Lehman XS Trust Series 2007-15n), Securitization Servicing Agreement (Lehman XS 2007-4n), Securitization Servicing Agreement (Lehman XS Trust Series 2006-Gp4)

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, or known to be contemplated) or threatened against the Special Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Special Servicer or any Subservicer, or in any material impairment of the right or ability of the Special Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Special Servicer or any Subservicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Special Servicer contemplated herein, or which would be likely to impair materially the ability of the Special Servicer to perform under the terms of this Agreement;

Appears in 20 contracts

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-6), Servicing Agreement (Lehman Mortgage Trust 2007-9), Servicing Agreement (Lehman Mortgage Trust 2006-9)

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, known to be contemplated) or threatened against the Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer or any Subservicer, or in any material impairment of the right or ability of the Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer or any Subservicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

Appears in 19 contracts

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2006-1), Subservicing Agreement (Sasco 2006-Bc2), Subservicing Agreement (Sasco 2006-Bc4)

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, or known to be contemplated) or or, to the Servicer’s knowledge, threatened against the Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer or any Subservicer, or in any material impairment of the right or ability of the Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer or any Subservicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

Appears in 17 contracts

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP 2007-Bc1), Securitization Servicing Agreement (Sasco 2007-Bnc1), Securitization Servicing Agreement (BNC CORP Mortgage Loan Trust 2007-Bnc4)

AutoNDA by SimpleDocs

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, authorities known to be contemplated) or threatened against the Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer or any Subservicer, or in any material impairment of the right or ability of the Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer or any Subservicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

Appears in 3 contracts

Samples: Servicing Agreement (Sasco 2006-S3), Servicing Agreement (Sasco 2006-S4), Servicing Agreement (Sasco 2006-S2)

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, or known to be contemplated) or or, to the Servicer’s knowledge, threatened against the Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer or any Subservicer, or in any material impairment of the right or ability of the Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer or any Subservicer, Subservicer or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2)

No Litigation Pending. There is no action, suit, proceeding or investigation pending (or, in the case of government authorities, known to be contemplated) or threatened against the Servicer or any Subservicer which, either in any one instance or in the aggregate, may result in any material adverse change in the business, operations, financial condition, properties or assets of the Servicer or any Subservicer, or in any material impairment of the right or ability of the Servicer or any Subservicer to carry on its business substantially as now conducted, or in any material liability on the part of the Servicer or any Subservicer, or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations of the Servicer contemplated herein, or which would be likely to impair materially the ability of the Servicer to perform under the terms of this Agreement;; Aurora Servicing Agreement

Appears in 1 contract

Samples: Servicing Agreement (Sasco 2006-Bc2)

Time is Money Join Law Insider Premium to draft better contracts faster.