Eligibility Impaired. Each Borrower shall give notice to the Agent of (x) the suspension, revocation or termination of such Borrower’s eligibility, in any respect, as approved lender, seller/servicer or issuer as described under Section 8.1, and (y) the transfer, loss, nonrenewal or termination of any Servicing Contracts to which such Borrower is a party, or which is held for the benefit of such Borrower, and the reason for that transfer, loss, nonrenewal or termination.
Appears in 2 contracts
Samples: Warehousing Credit and Security Agreement (Centerline Holding Co), Warehousing Credit and Security Agreement (Centerline Holding Co)
Eligibility Impaired. Each Borrower shall The Borrowers will give notice to the Agent and each of the Lenders of (x) the suspension, revocation or termination of such any Borrower’s 's eligibility, in any respect, as approved lender, seller/servicer or issuer as described under Section 8.1, and (y) the transfer, loss, nonrenewal or termination of any Servicing Contracts to which such any Borrower is a party, or which is held for the benefit of such any Borrower, and the reason for that transfer, loss, nonrenewal or termination.
Appears in 1 contract
Samples: Mortgage Warehousing Credit and Security Agreement (Charter Municipal Mortgage Acceptance Co)
Eligibility Impaired. Each The Borrower shall will give notice to the Agent and each of the Lenders of (x) the suspension, revocation or termination of such the Borrower’s 's eligibility, in any respect, as approved lender, seller/servicer or issuer as described under Section 8.1, and (y) the transfer, loss, nonrenewal or termination of any Servicing Contracts to which such the Borrower is a party, or which is held for the benefit of such the Borrower, and the reason for that transfer, loss, nonrenewal or termination.
Appears in 1 contract
Eligibility Impaired. Each The Borrower shall give notice Notice to the Agent of (x) the suspension, revocation or termination of such the Borrower’s eligibility, in any respect, as approved lender, seller/servicer or issuer as described under Section 8.1, and (y) the transfer, loss, nonrenewal or termination of any Servicing Contracts to which such the Borrower is a party, or which is held for the benefit of such Borrower, the Borrower and the reason for that transfer, loss, nonrenewal or termination.
Appears in 1 contract
Samples: Mortgage Warehousing (Ares Commercial Real Estate Corp)
