Common use of No Action to Impair Collectability Clause in Contracts

No Action to Impair Collectability. OLS has not taken (or omitted to take) and will not take (or omit to take), and has no notice that any other Person has taken (or omitted to take) or will take (or omit to take) any action that could impair the collectability of any Receivable sold by OLS.

Appears in 4 contracts

Samples: Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.), Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.), Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.)

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No Action to Impair Collectability. OLS has not taken (or omitted to take) and will not take (or omit to take), and has no notice that any other Person under the control or common control of OLS has taken (or omitted to take) or will take (or omit to take) any action that could with the intent to impair the collectability of any Receivable sold by OLSOLS Receivable.

Appears in 1 contract

Samples: Receivables Sale Agreement (New Residential Investment Corp.)

No Action to Impair Collectability. OLS has not taken (or omitted to take) and will not take (or omit to take), and has no notice that any other Person has taken (or omitted to take) or will take (or omit to take) any action that could impair the collectability of any Receivable sold by OLSReceivable.

Appears in 1 contract

Samples: Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.)

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No Action to Impair Collectability. Neither OLS nor Homeward has not taken (or omitted to take) and will not take (or omit to take), and neither OLS nor Homeward has no notice that any other Person has taken (or omitted to take) or will take (or omit to take) any action that could impair the collectability of any Receivable sold by OLS.

Appears in 1 contract

Samples: Receivables Sale Agreement (New Residential Investment Corp.)

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