Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted against any Loan, other than any ownership interest or Lien created under the Sale Agreement or the Purchase and Sale Agreement, any Lien created under the Indenture or any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and Sale Agreement, as applicable), and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Loans.
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Samples: Servicing Agreement (Cef Equipment Holding LLC), Servicing Agreement (Cef Equipment Holding LLC), Servicing Agreement (Cef Equipment Holding LLC)
Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted against any Loanitem of Collateral, other than any ownership interest or Lien created under the Sale Agreement or the Purchase and Sale Agreement, any Lien created under the Indenture or any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and Sale Agreement, as applicable), and (ii) of the occurrence of any event known to it which would have a material adverse effect Material Adverse Effect on the aggregate value of the Loans.
Appears in 4 contracts
Samples: Servicing Agreement (GE Equipment Transportation LLC, Series 2012-1), Servicing Agreement (GE Equipment Transportation LLC, Series 2012-1), Servicing Agreement (GE Equipment Transportation LLC, Series 2012-2)
Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted against any Loan, other than any ownership interest or Lien created under the Sale Agreement or the Purchase and Sale Agreement, any Lien created under the Indenture or any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and Sale Agreement, as applicable), and (ii) of the occurrence of any event known to it which would have a material adverse effect Material Adverse Effect on the aggregate value of the Loans.
Appears in 2 contracts
Samples: Servicing Agreement (GE Equipment Transportation LLC, Series 2011-1), Servicing Agreement (GE Equipment Transportation LLC, Series 2011-1)
Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted against any Loan, other than any ownership interest or Lien created under the Sale Agreement or the Purchase and Sale Agreement, any Lien created under the Indenture or Servicing Agreement any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and Sale Agreement, as applicable), and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Loans.
Appears in 1 contract
Samples: Form of Servicing Agreement (Cef Equipment Holding LLC)
Notice of Adverse Claim. The Servicer shall advise the Issuer promptly, in reasonable detail, (i) of any claim of ownership or Lien known to it made or asserted against any Loan, other than any ownership interest or Lien created under the Sale Agreement or the Purchase and Sale Agreement, any Lien created under the Indenture or any Permitted Encumbrances (as defined under the Sale Agreement or the Purchase and Sale Agreement, as applicable)Encumbrances, and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Loans.. Servicing Agreement
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