Common use of Problem Analysis Clause in Contracts

Problem Analysis. If CMC fails to meet any Performance Guideline and Client requests an analysis in writing, CMC shall (i) investigate and report on the causes of the problem; and (ii) use reasonable efforts to correct the problem and to begin meeting the Performance Guidelines as soon as practicable. Client’s failure to request an analysis of any failure of a Performance Guideline shall not be deemed a waiver by Client, for any purpose under this Agreement, of such failure the Performance Guideline.

Appears in 2 contracts

Sources: Services Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2), Services Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4)