Non-Foreclosure Notice Clause Samples
Non-Foreclosure Notice. The notice to be delivered by the related Servicer to the Master Servicer (pursuant to the related Servicing Agreement) in the event that the related Servicer determines not to proceed with foreclosure proceedings with respect to a Mortgage Loan that becomes 60 days' or more delinquent, pursuant to which notice the related Servicer shall specify that it does not intend to proceed with such foreclosure proceedings and shall state such other action as it intends to take with respect to such Mortgage Loan.
Non-Foreclosure Notice. The notice to be delivered by the Initial Sub-Servicer to the Master Servicer (pursuant to the ▇▇▇▇▇ Fargo Servicing Agreement) in the event that such Initial Sub-Servicer determines not to proceed with foreclosure proceedings with respect to a Mortgage Loan that becomes 60 days’ or more delinquent, pursuant to which notice such Initial Sub-Servicer shall specify that it does not intend to proceed with such foreclosure proceedings and shall state such other action as it intends to take with respect to such Mortgage Loan.