Common use of No Pending Proceedings Clause in Contracts

No Pending Proceedings. There are no proceedings pending, or, to the best of Ditech’s knowledge, threatened, wherein any governmental agency has (A) alleged that any Receivable is illegal or unenforceable, (B) asserted the invalidity of any Receivable or (C) sought any determination or ruling that might adversely affect the payment or enforceability of any Receivable.

Appears in 3 contracts

Samples: Receivables Sale Agreement (DITECH HOLDING Corp), Receivables Sale Agreement (DITECH HOLDING Corp), Receivables Sale Agreement (Walter Investment Management Corp)

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No Pending Proceedings. There are no proceedings pending, or, to the best of DitechAdvance Purchaser’s knowledge, threatened, wherein any governmental agency has (A) alleged that any Receivable is illegal or unenforceable, (B) asserted the invalidity of any Receivable or (C) sought any determination or ruling that might adversely affect the payment or enforceability of any Receivable.

Appears in 3 contracts

Samples: Receivables Sale Agreement (Nationstar Mortgage Holdings Inc.), Receivables Sale Agreement (New Residential Investment Corp.), Receivables Sale Agreement (New Residential Investment Corp.)

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No Pending Proceedings. There are no proceedings pending, or, to the best of Ditechsuch Seller’s knowledge, threatened, wherein any governmental agency has (A) alleged that any Receivable is illegal or unenforceable, (B) asserted the invalidity of any Receivable or (C) sought any determination or ruling that might adversely affect the payment or enforceability of any Receivable.

Appears in 1 contract

Samples: Advance Receivables Factoring Agreement (Residential Capital, LLC)

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