Common use of Advance Facilities Clause in Contracts

Advance Facilities. Prior to entering into any arrangement which in any way involves pledging any of the Borrower’s right, title and interest in, to and under any right to reimbursement of any Advances under the Servicing Contracts to a third party, the Borrower shall provide the Lender with five (5) Business Days advance notice and shall cooperate with Lender to enable Lender to give such third party notice of Xxxxxx’s interest hereunder, including without limitation, by providing to Lender the name and contact information for delivery of such notice to the third party to whom Xxxxxxxx’s right to reimbursement will be pledged.

Advance Facilities. Prior to entering into any arrangement which in any way involves pledging any of the Borrower’s right, title and interest in, to and under any right to reimbursement of any Advances under the Servicing Contracts to a third party, the Borrower shall provide the Lender with five (5) Business Days advance notice and shall cooperate with Lender to enable Lender to give such third party notice of Xxxxxx’s interest hereunder, including without limitation, by providing to Lender the name and contact information for delivery of such notice to the third party to whom Xxxxxxxx’s right to reimbursement will be pledged.