Common use of Notice of Breach of Representations and Warranties Clause in Contracts

Notice of Breach of Representations and Warranties. Following its receipt from the Depositor, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase Agreement to the Primary Servicer. The Primary Servicer shall promptly notify in writing the Master Servicer after the Primary Servicer discovers (without implying any duty of the Primary Servicer to make, or attempt to make, such a discovery) or receives notice alleging a Defect or a Breach contained in such Mortgage Loan Purchase Agreement or a document defect that could give rise to a cure or repurchase obligation. The Primary Servicer shall reasonably cooperate with the Master Servicer in pursuing its obligations to make a repurchase claim against the related Mortgage Loan Seller. The Primary Servicer shall notify the Master Servicer in writing within five (5) Business Days after the Primary Servicer discovers or receives notice alleging a Defect or a Breach or receives notice of a 00Xx-0

Appears in 6 contracts

Samples: Primary Servicing Agreement (BBCMS Mortgage Trust 2019-C4), Primary Servicing Agreement (UBS Commercial Mortgage Trust 2018-C15), Primary Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2019-C50)

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Notice of Breach of Representations and Warranties. Following its receipt from the Depositor, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase Agreement to the Primary Servicer. The Primary Servicer shall promptly notify in writing the Master Servicer after the Primary Servicer discovers (without implying any duty of the Primary Servicer to make, or attempt to make, such a discovery) or receives notice alleging a Defect or a Breach contained in such Mortgage Loan Purchase Agreement or a document defect that could give rise to a cure or repurchase obligation. The Primary Servicer shall reasonably cooperate with the Master Servicer in pursuing its obligations to make a repurchase claim against the related Mortgage Loan Seller. The Primary Servicer shall notify the Master Servicer in writing within five (5) Business Days after the Primary Servicer discovers or receives notice alleging a Defect or a Breach or receives notice of a 00Xx-015Ga-1

Appears in 4 contracts

Samples: Primary Servicing Agreement (Bank 2023-Bnk46), Primary Servicing Agreement (Bank5 2023-5yr4), Primary Servicing Agreement (Bank5 2023-5yr2)

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