Appropriate Proceedings. The Insured MUST begin Appropriate Proceedings when the Loan becomes six (6) months in Default unless the Company provides written instructions that some other action be taken. The Company reserves the right to direct the Insured to institute Appropriate Proceedings at any time after Default. When either defending against or bringing Appropriate Proceedings, the Insured shall report the status of these proceedings to the Company as reasonably and expeditiously as possible. In conducting Appropriate Proceedings, the Insured shall:
Appropriate Proceedings. If the charges in the notice are dismissed, the Bank may, in its discretion: (i) pay Executive all or part of the compensation withheld while their contract obligations were suspended; and (ii) reinstate (in whole or in part) any of the obligations which were suspended.
Appropriate Proceedings. 3 C. Approved Sale .......................................................... 4 D.
Appropriate Proceedings. Subject only to the provisions of Conditions Nine and Fifteen below:
Appropriate Proceedings. 11 B. Failure to Comply ...................................................... 12 Condition Seven - Loan Servicing .......................................... 12 Condition Eight - Approved Sale ........................................... 13 A. Settlement on Basis of Approved Sale .......................................................... 13 B. Settlement if Approved Sale Does Not Close .................................................... 13
Appropriate Proceedings the Insured must refer Covered Loans to an attorney for the commencement of Appropriate Proceedings in accordance with the Servicing Guide unless Applicable Law precludes such action. Once begun, Appropriate Proceedings must be diligently pursued, provided, however, that a foreclosure sale may be postponed in order to complete a workout transaction with the Borrower(s), if the Insured is then currently involved in a workout with the Borrower(s) that the Insured reasonably anticipates will reduce the likelihood of a Claim.
Appropriate Proceedings. 11 B. Failure to Comply ....................................................... 12 Condition Seven Loan Servicing ............................................. 12
Appropriate Proceedings. The Insured MUST begin Appropriate Proceedings when the Loan becomes six (6) months in Default unless the Company provides written instructions that some other action be taken. The Company reserves the right to direct the Insured to institute Appropriate Proceedings at any time after Default. When either defending against or bringing Appropriate Proceedings, the Insured shall report the status of these proceedings to the Company as reasonably and expeditiously as possible. [LOGO OMITTED] BULK PRIMARY PMI FIRST LIEN MASTER POLICY ============================================================================ In conducting Appropriate Proceedings, the Insured shall:
Appropriate Proceedings. Any such action shall be without prejudice to any right to claim a Default or Event of Default under this Indenture and any right to proceed thereafter as provided in Article V.
