Tolling and Forbearance Sample Clauses

Tolling and Forbearance. Upon a Trustee’s Acceptance, the term of the Tolling Agreement shall be extended as between JPMorgan and such Accepting Trustee on behalf of all Settlement Trusts covered by such Trustee’s Acceptance until the earliest of (a) the Effective Date, (b) with respect to any particular Settlement Trust, the date upon which Final Court Approval for such Trust becomes legally impossible, (c) 14 days following the termination of this Settlement Agreement pursuant to its terms, (d) termination of the Subservicing Protocol and severance of the servicing-related provisions, as set forth in Section 6.03, in which case the Tolling Agreement shall no longer apply to any Servicing Claims but will continue to apply to all Rep and Warranty Claims until it is otherwise terminated by this Section 2.04 or (e) July 15, 2017, whichever is applicable (the “Tolling Period”). The scope of the Tolling Agreement is incorporated herein and shall continue to include all Rep and Warranty Claims and/or Servicing Claims for each of the Settlement Trusts, including the forbearance from asserting any such Rep and Warranty Claims and/or Servicing Claims by any Accepting Trustee. The resolution of any repurchase demand made previously by an Accepting Trustee with respect to any of the Settlement Trusts shall be deemed to be included in the scope of the Tolling Agreement. The provisions of the Tolling Agreement, as extended by this Settlement Agreement, shall survive the termination of this Settlement Agreement. During the Tolling Period, the time for JPMorgan to give or respond to any notice of any purported breach of representation or warranty shall be suspended, and JPMorgan shall not be required to produce any documentation related to the Mortgage Loans which is being sought, directly or indirectly, for purposes of evaluating or pursuing any claims that would be Released Claims against JPMorgan.
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Tolling and Forbearance. Upon the Agreement Date, Citigroup shall offer a tolling and forbearance agreement (“Tolling and Forbearance Agreement”) to the Trustees pursuant to which Citigroup shall agree to toll repurchase claims (and requirements to give notice of repurchase claims) for any Settlement Trust for a period extending from March 21, 2014 until the earliest of (a) the rejection of the Settlement Agreement by the Trustee pursuant to this Settlement Agreement, (b) the Acceptance Date, as it may be extended pursuant to paragraph 2.03, having passed without acceptance by such Trustee, (c) the date of Final Court Approval for such Trustee and related Trusts, (d) the date upon which Final Court Approval becomes legally impossible, (e) termination of this Settlement Agreement pursuant to its terms, whichever is applicable (the “Tolling Period”). The offer to the Trustees to enter into the Tolling and Forbearance Agreement shall be severable as to each of the Settlement Trusts, such that a Trustee may accept it for one trust and reject it for others. A condition to any Trustee’s acceptance of the Tolling and Forbearance Agreement for any Trust shall be its agreement, as Trustee, to forbear from filing, giving notice of, or prosecuting any repurchase claim related to any Trust for which it accepts the Tolling and Forbearance Agreement during the Tolling Period.
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Related to Tolling and Forbearance

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