Common use of Litigation; Decrees Clause in Contracts

Litigation; Decrees. (i) Except as disclosed by the Servicer to the Customer in writing on or prior to the date hereof, there are no claims, actions, suits, arbitrations or other proceedings or investigations (i) pending or, to the best knowledge of the Servicer, threatened, by or against or affecting the Servicer, and (ii) pending, or to the best knowledge of the Servicer, threatened, by or against or affecting the Servicer, related to the transactions contemplated by this Servicing Agreement. (ii) The Servicer is in compliance in all material respects with each outstanding judgment, order or decree of any Governmental Authority or arbitrator applicable to it, if any, and no such judgment, order or decree has or could have a Material Adverse Effect on it.