In Litigation definition

In Litigation means a legal action in foreclosure of a Mortgage Loan, or for a deficiency thereunder, in which the sale of the Mortgaged Property in foreclosure (whether by action, power of sale, or otherwise) has been delayed by reason of the defense of such action by the Mortgagor, or any other action commenced or pending which involves the Mortgage Loan. The term "REO
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In Litigation means a Mortgage Loan with respect to which any action, suit or proceeding before a court, governmental agency or arbitrator has been instituted and is pending.
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In Litigation means a legal action in foreclosure of a Mortgage Loan, or for a deficiency thereunder, in which the sale of the Mortgaged Property in foreclosure (whether by action, power of sale, or otherwise) has been delayed by reason of the defense of such action by the Mortgagor, or any other action commenced or pending which involves the Mortgage Loan, including a formal complaint filed with a federal or state government or regulatory agency.
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Examples of In Litigation in a sentence

  • If You Are Successful In Litigation As mentioned previously, we do not provide legal services in relation to litigation.

  • If You Are Unsuccessful In Litigation As mentioned previously, we do not provide legal services in relation to litigation.

  • No offset, counterclaim or defense exists to Seller's full performance of this Sale Agreement, except as may result from the Mortgages In Litigation, as set forth on Exhibit H.

  • There is no litigation or governmental investigation pending (other than the Mortgages In Litigation described in Exhibit H hereto and such servicer termination events as Seller has disclosed in the Offering Memorandum) or, to the knowledge of Seller, threatened, nor is there any order, injunction or decree outstanding against or relating to Seller, which could have a material adverse effect upon the Servicing or Mortgages, nor does Seller know of any material basis for any such litigation.

  • The amount of the unpaid principal balance for each Mortgage is correct as set forth on Exhibit A as of the date Exhibit A was prepared, and there are no defenses, setoffs or counterclaims against such Mortgages, except the Mortgages In Litigation set forth on Exhibit H.

  • Except as set forth on Schedule 3.1(l)(1) or Schedule 3.1(l)(2), no Mortgage Loan is Delinquent, In Forbearance, In Foreclosure or In Litigation and no Mortgagor is In Bankruptcy.

  • Seller has no knowledge of any mortgagor defense to payment with respect to any Mortgage, other than the Mortgages In Litigation set forth on Exhibit H.


More Definitions of In Litigation

In Litigation means a Mortgage Loan that has been referred to an attorney for collection, or with respect to which any action, suit or proceeding before a court, governmental agency or arbitrator has been instituted and is pending, or has been settled or otherwise finalized in a manner which may materially and adversely affect (1) the Mortgagor's obligations or ability to make all payments to be made under the Mortgage Loan in accordance with the terms thereof, or (2) the enforceability or priority of the Mortgage granted in the residential real property and any other property serving as collateral for the Mortgage Loan.
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Related to In Litigation

  • Transaction Litigation has the meaning set forth in Section 5.2(d).

  • Pending Litigation means a proceeding in a court of law whose activity is in progress but not yet completed.

  • Litigation as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • Threatened litigation as used herein shall include governmental investigations and civil investigative demands. “Litigation” as used herein shall include administrative enforcement actions brought by governmental agencies. The Grantee must also disclose any material litigation threatened or pending involving Subcontractors, consultants, and/or lobbyists. For purposes of this section, “material” refers, but is not limited, to any action or pending action that a reasonable person knowledgeable in the applicable industry would consider relevant to the Work under the Grant Agreement or any development such a person would want to be aware of in order to stay fully apprised of the total mix of information relevant to the Work, together with any litigation threatened or pending that may result in a substantial change in the ▇▇▇▇▇▇▇’s financial condition.

  • Lawsuit means any lawsuit, arbitration or other dispute resolution filed by either party herein pertaining to any of this Warrant, the Facility Agreement and the Registration Rights Agreement.