Common use of No Actions, Proceedings Clause in Contracts

No Actions, Proceedings. There are no actions or proceedings against, or investigations of, the Depositor or the Master Servicer pending or, to the knowledge of the Depositor or the Master Servicer, threatened, before any court, administrative agency or other tribunal (A) that, if determined adversely, would prohibit each party from entering into this Amendment, (B) seeking to prevent the consummation of any of the transactions contemplated by this Amendment or (C) that, if determined adversely, would prohibit or materially and adversely affect the performance by the Depositor or the Master Servicer of any of such party's obligations under, or the validity or enforceability of, this Amendment.

Appears in 4 contracts

Samples: Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co)

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No Actions, Proceedings. There are no actions or proceedings against, or investigations of, the Depositor or the Master Servicer pending or, to the knowledge of the Depositor or the Master Servicer, threatened, before any court, administrative agency or other tribunal (A) that, if determined adversely, would prohibit each party from entering into this Amendment, (B) seeking to prevent the consummation of any of the transactions contemplated by this Amendment or (C) that, if determined adversely, would prohibit or materially and adversely affect the performance by the Depositor or the Master Servicer of any of such party's ’s obligations under, or the validity or enforceability of, this Amendment.

Appears in 1 contract

Samples: Trust Agreement (Saxon Asset Securities Co)

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