Notice of Adverse Claim. Master Servicer shall advise Owner promptly, in reasonable detail, (i) of any Lien (other than a “Permitted Encumbrance” as such term is defined in the Indenture) known to it made or asserted against any Transferred Receivable, and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Transferred Receivables.
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Samples: Servicing Agreement (CDF Funding, Inc.), Servicing Agreement (GE Dealer Floorplan Master Note Trust)
Notice of Adverse Claim. Master Servicer shall advise Owner promptly, in reasonable detail, (i) of any Lien (other than a “"Permitted Encumbrance” " as such term is defined in the Indenture) known to it made or asserted against any Transferred Receivable, and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Transferred Receivables.
Appears in 2 contracts
Samples: Servicing Agreement (CDF Funding, Inc.), Servicing Agreement (CDF Funding, Inc.)
Notice of Adverse Claim. Master Servicer shall advise Owner promptly, in reasonable detail, (i) of any Lien (other than a “Permitted Encumbrance” as such term is defined in the Indenture) known to it made or asserted against any Transferred Receivable, and (ii) of the occurrence of any event known to it which would have a material adverse effect on the aggregate value of the Transferred Receivables.
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