Common use of Notice of Loan Defaults Clause in Contracts

Notice of Loan Defaults. (a) Within fifteen (15) days after the occurrence of a Loan Payment Default, Servicer shall send a notice of such Loan Payment Default to the applicable Borrower pursuant to Section 3.3(f) and notice to Sponsor pursuant to Section 3.2(i).

Appears in 3 contracts

Samples: Servicing Agreement (Aaron's Inc), Servicing Agreement (Aaron's Inc), Servicing Agreement (Aaron Rents Inc)

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Notice of Loan Defaults. (a) Within fifteen (15) days after the occurrence of a Loan Payment Default or after Servicer obtains actual knowledge of any other Loan Default, Servicer shall send a notice of such Loan Payment Default to the applicable Borrower pursuant to Section 3.3(f) and notice to Sponsor pursuant to Section 3.2(i3.3(i).

Appears in 1 contract

Samples: Servicing Agreement (Aaron Rents Inc)

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