Common use of NOTICE OF LIENS AND OTHER ACTIONS Clause in Contracts

NOTICE OF LIENS AND OTHER ACTIONS. The Servicer shall promptly notify the Issuer, the PACE Program Administrator, if applicable, and the Collateral Agent and Custodian in writing of the existence of any lien or judicial levy upon or writ of attachment against a Property as to which the Servicer is notified or otherwise has actual knowledge, that is, or may be, superior to the lien of the Tax Lien including, for example, certain federal liens. Similarly, notice shall promptly be given by the Servicer to the Collateral Agent and Custodian in the event the Servicer is notified or otherwise has actual knowledge that a Property Owner is Bankrupt or that any condemnation of a Property is pending or threatened.

NOTICE OF LIENS AND OTHER ACTIONS. The Servicer shall promptly notify the Issuer, the PACE Program Administrator, if applicable, Issuer and the Collateral Agent and Custodian Indenture Trustee in writing of the existence of any lien or judicial levy upon or writ of attachment against a Property as to which the Servicer is notified or otherwise has actual knowledge, that is, or may be, superior to the lien of the Tax Lien including, for example, certain federal liens. Similarly, notice shall promptly be given by the Servicer to the Collateral Agent and Custodian Indenture Trustee in the event the Servicer is notified or otherwise has actual knowledge that a Property Owner is Bankrupt or that any condemnation of a Property is pending or threatened.