Notice of Adverse Claim. Each of the Borrower and the Servicer shall advise the Agent and the Collateral Agent promptly, in reasonable detail, (i) of any Adverse Claim known to it made or asserted against any of the Borrower Collateral, and (ii) of the occurrence of any event which would have a material adverse effect on the aggregate value of the Borrower Collateral or on the assignments and security interests granted by the Borrower in this Agreement.
Appears in 3 contracts
Samples: Receivables Financing Agreement (Arcadia Financial LTD), Funding and Servicing Agreement (Arcadia Financial LTD), Receivables Financing Agreement (MFN Financial Corp)
Notice of Adverse Claim. Each of the Borrower and the Servicer shall ----------------------- advise the Agent and the Collateral Agent promptly, in reasonable detail, (i) of any Adverse Claim known to it made or asserted against any of the Borrower Collateral, and (ii) of the occurrence of any event which would have a material adverse effect on the aggregate value of the Borrower Collateral or on the assignments and security interests granted by the Borrower in this Agreement.
Appears in 2 contracts
Samples: Receivables Financing Agreement (Americredit Corp), Receivables Financing Agreement (Americredit Financial Services of Canada LTD)
