Initiation of Litigation. None of the Issuer, the Master Servicer, a Direct Servicer or the Trustee will be required to institute or join in litigation with respect to the collection of any payment (whether under a Mortgage Document or otherwise or against any public or governmental authority with respect to a taking or condemnation) if that Person reasonably believes that enforcing any provision of the Mortgage Documents pursuant to which the payment is required is prohibited by applicable law, including any decision or order of a court in a bankruptcy proceeding or other litigation.
Appears in 7 contracts
Samples: Master Trust Agreement, Federal National Mortgage Association, Federal National Mortgage Association
Initiation of Litigation. None of the Issuer, the Master Servicer, a Direct Primary Servicer or the Trustee will be required to institute or join in litigation with respect to the collection of any payment (whether under a Mortgage Document or otherwise or against any public or governmental authority with respect to a taking or condemnation) if that Person reasonably believes that enforcing any provision of the Mortgage Documents pursuant to which the payment is required is prohibited by applicable law, including any decision or order of a court in a bankruptcy proceeding or other litigation.litigation.β
Appears in 3 contracts
Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, Trust Agreement
Initiation of Litigation. None of the Issuer, the Master Servicer, a Direct Primary Servicer or the Trustee will be required to institute or join in litigation with respect to the collection of any payment (whether under a Mortgage Document or otherwise or against any public or governmental authority with respect to a taking or condemnation) if that Person reasonably believes that enforcing any provision of the Mortgage Documents pursuant to which the payment is required is prohibited by applicable law, including any decision or order of a court in a bankruptcy proceeding or other litigation.
Appears in 2 contracts
Samples: Federal National Mortgage Association, Multifamily Master Trust Agreement