Common use of Information to be Provided by the Subservicer Clause in Contracts

Information to be Provided by the Subservicer. (i) The Subservicer shall, for so long as the applicable Trust is subject to the reporting requirements of the Exchange Act, promptly following written notice to or discovery by the Subservicer, (A) notify KRECM in writing of (I) any material litigation or governmental proceedings pending against the Subservicer that, in each such case, would be material to the Certificateholders and (II) any affiliations or relationships that develop following the Effective Date between the Subservicer and any other Person with respect to the applicable Trust, and (B) provide to KRECM or the Depositor a description of such proceedings, affiliations or relationships.