Common use of No Violation of Organizational Documents or Agreements Clause in Contracts

No Violation of Organizational Documents or Agreements. The execution and delivery of this Agreement by the Servicer, and the performance and compliance with the terms of this Agreement by the Servicer, will not violate the Servicer’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which the Servicer is a party or which is applicable to it or any of its assets.

Appears in 23 contracts

Samples: MSR Recapture Agreement (PennyMac Financial Services, Inc.), Flow Servicing Agreement (PennyMac Financial Services, Inc.), MSR Recapture Agreement (PennyMac Mortgage Investment Trust)

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No Violation of Organizational Documents or Agreements. The execution and delivery of this Agreement by the ServicerService Provider, and the performance and compliance with the terms of this Agreement by the ServicerService Provider, will not violate the ServicerService Provider’s organizational documents or constitute a default (or an event which, with notice or lapse of time, or both, would constitute a default) under, or result in the breach of, any material agreement or other instrument to which the Servicer Service Provider is a party or which is applicable to it or any of its assets.

Appears in 9 contracts

Samples: Mortgage Banking Services Agreement (PennyMac Financial Services, Inc.), Mortgage Banking Services Agreement (PennyMac Mortgage Investment Trust), Mortgage Banking Services Agreement

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