Common use of Cooperation in Financing Efforts Clause in Contracts

Cooperation in Financing Efforts. In the event that Purchaser seeks to arrange financing to facilitate its purchase or maintenance of Eligible Loans, as described in the Purchase Agreement, Servicer will cooperate with Purchaser’s efforts, including: (i) considering reasonable amendments to this Agreement (and requesting any required consents or approvals) to contemplate such financing arrangements; (ii) considering a reasonable multi-party or similar agreement with Purchaser and Purchaser’s source of financing (and requesting any required consents or approvals); and (iii) considering consent to Purchaser’s assignment of its obligations under this Agreement and the Purchase Agreement (and requesting any required consents or approvals) in connection with a securitization transaction. In each case, Servicer’s consent to such amendments, modifications or agreements will be in the sole and absolute discretion of Servicer and, in addition, will take into account any additional costs, liabilities or operational obligations that may be requested.

Appears in 3 contracts

Samples: Master Loan Servicing Agreement (LendingClub Corp), Master Loan Servicing Agreement (LendingClub Corp), Master Loan Servicing Agreement (LendingClub Corp)

AutoNDA by SimpleDocs

Cooperation in Financing Efforts. In the event that Purchaser seeks to arrange financing to facilitate its purchase or maintenance of Eligible Loans, as described in the Purchase Agreement, Servicer Seller will cooperate with Purchaser’s efforts, including: (i) considering reasonable amendments to this Agreement (and requesting any required consents or approvals) to contemplate such financing arrangements; (ii) considering a reasonable multi-party or similar agreement with Purchaser and Purchaser’s source of financing (and requesting any required consents or approvals); and (iii) considering consent to Purchaser’s assignment of its obligations under this Agreement and the Purchase Agreement (and requesting any required consents or approvals) in connection with a securitization transactiontransaction or rights offering. In each case, ServicerSeller’s consent to such amendments, modifications or agreements will be in the sole and absolute discretion of Servicer Seller and, in addition, will take into account any additional costs, liabilities or operational obligations that may be requested.

Appears in 3 contracts

Samples: Master Loan Purchase Agreement, Master Loan Purchase Agreement (LendingClub Corp), Master Loan Purchase Agreement (LendingClub Corp)

AutoNDA by SimpleDocs

Cooperation in Financing Efforts. (a) In the event that Purchaser seeks to arrange financing to facilitate its purchase or maintenance of Eligible Loans, as described in the Purchase Agreement, Servicer Seller will cooperate with Purchaser’s efforts, including: (i) considering reasonable amendments to this Agreement (and requesting any required consents or approvals) to contemplate such financing arrangements; (ii) considering a reasonable multi-party or similar agreement with Purchaser and Purchaser’s source of financing (and requesting any required consents or approvals); and (iii) considering consent to Purchaser’s assignment of its obligations under this Agreement and the Purchase Agreement (and requesting any required consents or approvals) in connection with a securitization transactiontransaction or rights offering. In each case, ServicerSeller’s consent to such amendments, modifications or agreements will be in the sole and absolute discretion of Servicer Seller and, in addition, will take into account any additional costs, liabilities or operational obligations that may be requested.

Appears in 1 contract

Samples: Master Loan Purchase Agreement (LendingClub Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.