Common use of Notice of Breach of Representations and Warranties Clause in Contracts

Notice of Breach of Representations and Warranties. Following receipt of the applicable Mortgage Loan Purchase Agreement, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase Agreement to the Sub-Servicer. The Sub-Servicer shall notify the Master Servicer in writing within five (5) Business Days after the Sub-Servicer (a) discovers or receives notice alleging a Defect or a Breach (without implying any duty of the Sub-Servicer to make, or to attempt to make, such a discovery), (b) receives a 00Xx-0 Xxxxxxxxxx Request or the withdrawal of a 00Xx-0 Xxxxxxxxxx Request or any rejection of a 00Xx-0 Xxxxxxxxxx Request, or (c) receives a Certificateholder Repurchase Request or a PSA Party Repurchase Request, in each case with respect to a Mortgage Loan. The Sub-Servicer shall also provide to the Master Servicer (a) a copy of any such 00Xx-0 Xxxxxxxxxx Request received by the Sub-Servicer and (b) such other information in the possession of the Sub-Servicer requested by the Master Servicer as would permit the Master Servicer to comply with its obligations under Section 2.02(g) of the Pooling and Servicing Agreement.

Appears in 2 contracts

Samples: Sub Servicing Agreement (Citigroup Commercial Mortgage Trust 2016-P3), Sub Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-P2)

AutoNDA by SimpleDocs

Notice of Breach of Representations and Warranties. Following receipt of the applicable Mortgage Loan Purchase Agreement, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase Agreement to the Sub-Primary Servicer. The Sub-Primary Servicer shall notify the Master Servicer in writing within five (5) Business Days after the Sub-Primary Servicer (a) discovers or receives notice alleging a Defect or a Breach (without implying any duty of the Sub-Primary Servicer to make, or to attempt to make, such a discovery), (b) receives a 00Xx-0 Xxxxxxxxxx Request or the withdrawal of a 00Xx-0 Xxxxxxxxxx Request or any rejection of a 00Xx-0 Xxxxxxxxxx Request, or (c) receives a Certificateholder Repurchase Request or a PSA Party Repurchase Request, in each case with respect to a Mortgage Loan. The Sub-Primary Servicer shall also provide to the Master Servicer (a) a copy of any such 00Xx-0 Xxxxxxxxxx Request received by the Sub-Primary Servicer and (b) such other information in the possession of the Sub-Primary Servicer requested by the Master Servicer as would permit the Master Servicer to comply with its obligations under Section 2.02(g) of the Pooling and Servicing Agreement.

Appears in 1 contract

Samples: Primary Servicing Agreement (SG Commercial Mortgage Securities Trust 2016-C5)

AutoNDA by SimpleDocs

Notice of Breach of Representations and Warranties. Following receipt of the applicable Mortgage Loan Purchase Agreement, the Master Servicer shall provide a copy of the applicable Mortgage Loan Purchase Agreement to the Sub-Servicer. The Sub-Servicer shall notify the Master Servicer in writing within five (5) Business Days after the Sub-Servicer (a) discovers or receives notice alleging a Defect or a Breach (without implying any duty of the Sub-Servicer to make, or to attempt to make, such a discovery), (b) receives a 00Xx-0 15Xx-0 Xxxxxxxxxx Request Xequest or the withdrawal of a 00Xx-0 15Xx-0 Xxxxxxxxxx Request Xequest or any rejection of a 00Xx-0 15Xx-0 Xxxxxxxxxx RequestXequest, or (c) receives a Certificateholder Repurchase Request or a PSA Party Repurchase Request, in each case with respect to a Mortgage Loan. The Sub-Servicer shall also provide to the Master Servicer (a) a copy of any such 00Xx-0 15Xx-0 Xxxxxxxxxx Request Xequest received by the Sub-Servicer and (b) such other information in the possession of the Sub-Servicer requested by the Master Servicer as would permit the Master Servicer to comply with its obligations under Section 2.02(g) of the Pooling and Servicing Agreement.

Appears in 1 contract

Samples: Sub Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2015-P2)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!