Notice of Litigation. Each Purchaser shall promptly notify the applicable Seller upon becoming aware of any Proceedings or threatened Proceedings concerning any Serviced Appointment (whether or not the Sellers are named in such Proceedings), in each case, excluding Proceedings in servicer-managed mortgage-level litigation with respect to residential mortgage-backed securities transactions. Notices pursuant to this Section 6.4 will be delivered to the notice recipient designated on Annex B.
Appears in 375 contracts
Samples: Servicing Agreement (Bank 2017-Bnk5), Servicing Agreement (GS Mortgage Securities Trust 2014-Gc24), Servicing Agreement (Benchmark 2021-B29 Mortgage Trust)
Notice of Litigation. Each Purchaser Seller shall promptly notify the applicable Seller Purchaser upon becoming aware of any Proceedings or threatened Proceedings concerning any Serviced Appointment (whether or not the Sellers are named in such Proceedings)Appointment, in each case, excluding Proceedings in servicer-managed mortgage-level litigation with respect to residential mortgage-backed securities transactions. Notices delivered pursuant to this Section 6.4 5.4 will be delivered to the notice recipient designated on Annex B.
Appears in 375 contracts
Samples: Servicing Agreement (Sequoia Mortgage Trust 2013-4), Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29), Servicing Agreement (WFRBS Commercial Mortgage Trust 2014-C19)
