Common use of Actions Affecting Representations Clause in Contracts

Actions Affecting Representations. Party B agrees not to take any action during the term of this Agreement or any Transaction hereunder that renders or could render any of the representations and warranties in this Agreement untrue, incorrect, or incomplete, and if any event or condition occurs that renders or could render any such representation untrue, incorrect, or incomplete, Party B will immediately give written notice thereof to Party A.

Appears in 97 contracts

Samples: Master Agreement (Lehman XS Trust 2006-11), Master Agreement (First Franklin Mortgage Loan Trust 2006-Ffa), Master Agreement (First Franklin Mortgage Loan Trust 2006-Ff2)

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Actions Affecting Representations. Party B agrees not to take any action during the term of this Agreement or any Transaction hereunder that renders or could render any of the representations and warranties in this Agreement untrue, incorrect, or incomplete, and and, if any event or condition occurs that renders or could render any such representation untrue, incorrect, or incomplete, Party B will immediately give written notice thereof to Party A.

Appears in 21 contracts

Samples: Custodial Agreement (Home Equity Mortgage Trust 2005-5), Master Agreement (Asset Backed Securities Corp Home Equity Loan Trust, Series RFC 2007-He1), Master Agreement (Home Equity Asset Trust 2007-2)

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Actions Affecting Representations. Party B agrees not to take any action during the term of this Agreement or any Transaction hereunder that renders or could render any of the representations and warranties in this Agreement untrue, incorrect, or incomplete, and and, if any event or condition occurs that renders or could render any such representation untrue, incorrect, or incomplete, Party B will immediately give written notice thereof to Party A.A upon obtaining actual knowledge of such action.

Appears in 1 contract

Samples: Master Agreement (Asset Backed Securities CORP Home Equity Loan Trust, Series AMQ 2007-He2)

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