No Defenses or Counterclaims. Each pending eviction proceeding, if any, relating to the Rental Property initiated by or on behalf of any Seller Party has been properly commenced and there is no valid defense or counterclaim by anyone with respect thereto that could reasonably be expected to have a material adverse effect on the value or current use of the Rental Property.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Altisource Residential Corp), Master Repurchase Agreement (Altisource Residential Corp)
No Defenses or Counterclaims. Each pending eviction proceeding, if any, relating to the Rental Property initiated by or on behalf of any Seller Party has been properly commenced and there is no valid defense or counterclaim by anyone with respect thereto that could reasonably be expected to have a material adverse effect on the value or current use of the Rental Propertythereto.
Appears in 2 contracts
Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust)
