Common use of No Impairment of Nationstar’s Rights Clause in Contracts

No Impairment of Nationstar’s Rights. As of the Closing Date, or as of any Sale Date with respect to any Receivables sold on such date, neither Nationstar nor any other Person has taken any action that, or failed to take any action the omission of which, would materially impair its rights or the rights of its assignees, with respect to any Receivables.