Common use of No Litigation Pending Clause in Contracts

No Litigation Pending. There is no action, suit, proceeding or investigation pending or, to the best of the Seller's knowledge, threatened, against the Seller, which, either in any one instance or in the aggregate, if determined adversely to the Seller would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of this Agreement, or have a material adverse effect on the financial condition of the Seller;

Appears in 32 contracts

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3), Assignment, Assumption and Recognition Agreement (GSAA Home Equity Trust 2006-1), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2005-A8)

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No Litigation Pending. There is no action, suit, proceeding or investigation pending or, to the best of the Seller's ’s knowledge, threatened, against the Seller, which, either in any one instance or in the aggregate, if determined adversely to the Seller would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of this Agreement, or have a material adverse effect on the financial condition of the Seller;

Appears in 22 contracts

Samples: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (GSR Mortgage Loan Trust 2007-3f), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar2), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Sequoia Mortgage Trust 2007-4)

No Litigation Pending. There is no action, suit, proceeding or investigation pending or, to the best of the Seller's knowledge, threatened, against the Seller, which, either in any one instance or in the aggregate, if determined adversely to the Seller would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of this Agreement, or have a material adverse effect on the financial condition of the Seller;.

Appears in 7 contracts

Samples: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Structured Asset Securities Corp), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Ser 2003-6a), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Structured Asset Securities Corp)

No Litigation Pending. There is no action, suit, proceeding proceeding, inquiry, review, audit or investigation pending or, to or threatened against the best of Seller (i) that could have any material adverse impact on the Seller's knowledgebusiness, threatenedoperations, against the Sellerlicense, whichfinancial condition or general prospects, either in any one instance or in the aggregate, if determined adversely to the Seller (ii) which would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of the Mortgage Loan or enforceability of the Mortgage Documents, or (iii) which would be likely to materially impair the ability of the Seller to perform its obligations under this Agreement, or have a material adverse effect on the financial condition of the Seller;.

Appears in 4 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (Fieldstone Investment Corp), Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc), Mortgage Loan Purchase and Sale Agreement (Technical Olympic Usa Inc)

No Litigation Pending. There is no action, suit, proceeding or investigation pending or, to the best of the Seller's Seller"s knowledge, threatened, threatened against the Seller, which, either in any one instance or in the aggregate, if determined adversely to the Seller would which shall adversely affect the sale of the Mortgage Loans to the Purchaser or and Real Estate, the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of this Agreement, or which may hereafter have a material materially adverse effect on the financial condition of the Seller;Seller ; and

Appears in 2 contracts

Samples: Loan Purchase Agreement (Franklin Credit Management Corp/De/), Loan Purchase Agreement (Franklin Credit Management Corp/De/)

No Litigation Pending. There is no action, suit, proceeding or investigation pending or, to the best of the Seller's knowledge, threatened, against the Seller, which, either in any one anyone instance or in the aggregate, if determined adversely to the Seller would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of this Agreement, or have a material adverse effect on the financial condition of the Seller;

Appears in 1 contract

Samples: Servicing Agreement (Cendant Mortgage Corp Mort Pass Through Cert Series 2001-6)

No Litigation Pending. There is no action, suit, proceeding proceeding, inquiry, review, audit or investigation pending or, to the best of the Seller's knowledge, threatened, threatened against the Seller, which, either in any one instance or in the aggregate, if determined adversely to the Seller would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in (i) that could have any material liability of adverse impact on the Seller's business, operations, license, financial condition or general prospects, (ii) which would draw into question the validity of the Mortgage Loan or enforceability of the Mortgage Documents, or (iii) which would be likely to materially impair the ability of the Seller to perform its obligations under this Agreement, or have a material adverse effect on the financial condition of the Seller;.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Standard Pacific Corp /De/)

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No Litigation Pending. There is no action, suit, proceeding --------------------- or investigation pending or, to the best of the Seller's knowledge, threatened, threatened against the Seller, it which, either in any one instance or in the aggregate, if determined decided adversely to the Seller would would, in the Seller's good faith, reasonable judgment, materially and adversely affect the sale ability of the Mortgage Loans Seller to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of this Agreement, or have a material adverse effect on the financial condition of the Sellerperform its obligations hereunder;

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Ventas Inc)

No Litigation Pending. There is no action, suit, proceeding or investigation pending or, to the best of the Seller's knowledge, threatened, against the Seller, which, either in any one instance or in the aggregate, if determined adversely to the Seller would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of the Seller, or draw into question the validity of this AgreementAgreement or the Mortgage Loans, or have a material adverse effect on the financial condition of the Seller;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2005-5)

No Litigation Pending. There is are no actionactions, suit, proceeding suits or investigation proceedings pending or, or to Seller's knowledge threatened against the Seller which draw into question the validity of this Agreement or which (if decided adversely to the best of the Seller's knowledge, threatened, against the Seller, which), either in any one instance or in the aggregate, if determined adversely to the Seller would adversely affect the sale of the Mortgage Loans to the Purchaser or the execution, delivery or enforceability of this Agreement or result in any material liability of adverse change in the Sellerbusiness, operations, or draw into question the validity of this Agreement, or have a material adverse effect on the financial condition of the Seller;Seller or would impair materially the ability of the Seller to perform its duties and obligations under this Agreement.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Commercial Mortgage Acceptance Corp)

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