Notice of Litigation. Each Seller shall promptly notify the applicable Purchaser upon becoming aware of any Proceedings or threatened Proceedings concerning any Serviced 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 5.4 will be delivered to the notice recipient designated on Annex B.
Appears in 375 contracts
Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Carvana Auto Receivables Trust 2021-P1), Servicing Agreement (Morgan Stanley Capital I Trust 2015-Ms1)
Notice of Litigation. Each Seller Purchaser shall promptly notify the applicable Purchaser Seller upon becoming aware of any Proceedings or threatened Proceedings concerning any Serviced AppointmentAppointment (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 delivered pursuant to this Section 5.4 6.4 will be delivered to the notice recipient designated on Annex B.
Appears in 375 contracts
Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Carvana Auto Receivables Trust 2021-P1), Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C19)
