Common use of No Adverse Actions Clause in Contracts

No Adverse Actions. Seller has not received from any Agency a notice of extinguishment or a notice indicating material breach, default or material non-compliance which the Agent reasonably determines may entitle an Agency to terminate, suspend, sanction or levy penalties against the Seller, or a notice from any Agency, HUD, FHA or VA indicating any adverse fact or circumstance in respect of Seller which the Agent reasonably determines may entitle such Agency, HUD, FHA or VA, as the case may be, to revoke any Approval or otherwise terminate, suspend Seller as an Agency approved issuer or servicer, or with respect to which such adverse fact or circumstance has caused any Agency, HUD, FHA or VA, as the case may be, to terminate Seller, without any subsequent rescission thereof in such notice.

No Adverse Actions. Seller has not received from any the Agency a notice of extinguishment or a notice indicating material breach, default or material non-compliance which the Agent reasonably determines may entitle an the Agency to terminate, suspend, sanction or levy penalties against the Seller, or a notice from any the Agency, HUD, HUD or FHA or VA indicating any adverse fact or circumstance in respect of Seller which the Agent reasonably determines may entitle such the Agency, HUD, FHA HUD or VAFHA, as the case may be, to revoke any Approval or otherwise terminate, suspend Seller as an Agency Agency-approved issuer or servicer, or with respect to which such adverse fact or circumstance has caused any of the Agency, HUD, FHA HUD or VAFHA, as the case may be, to terminate Seller, without any subsequent rescission thereof in such notice.

No Adverse Actions. Neither Seller nor Servicer has not received from any Agency a notice of extinguishment or a notice indicating material breach, default or material non-compliance which the Agent reasonably determines may could entitle an Agency to terminate, suspend, sanction or levy penalties against the SellerSeller or reasonably be expected to have a Material Adverse Effect, or a notice from any Agency, HUD, FHA or VA indicating any adverse fact or circumstance in respect of Seller (i) which the Agent reasonably determines may could entitle such Agency, HUD, FHA or VA, as the case may be, to revoke any Approval or otherwise terminate, terminate or suspend Seller as an Agency approved issuer or servicer, (ii) which could reasonably be expected to have a Material Adverse Effect, or (iii) with respect to which such adverse fact or circumstance has caused any Agency, HUD, FHA or VA, as the case may be, to terminate Seller, without any subsequent rescission thereof in such notice.