Common use of Notice of Regulatory Action Clause in Contracts

Notice of Regulatory Action. To the extent permitted by applicable Law, each Seller shall promptly notify the applicable Purchaser of any action, claim, inquiry, audit, investigation or examination taken or made by a Government Authority that may affect the conduct of a Serviced Appointment and shall consult with such Purchaser as to any changes in duties or other arrangements hereunder to be taken in connection therewith.

Appears in 375 contracts

Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Carvana Auto Receivables Trust 2021-P1), Servicing Agreement (Morgan Stanley Capital I Trust 2017-H1)

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Notice of Regulatory Action. To the extent permitted by applicable Law, each Seller Purchaser shall promptly notify the applicable Purchaser Seller of any action, claim, inquiry, audit, investigation or examination taken or made by a Government Authority that may affect the conduct of a Serviced Appointment and shall consult with such Purchaser the applicable Seller as to any changes in duties or other arrangements hereunder to be taken in connection therewith.

Appears in 363 contracts

Samples: Servicing Agreement (Benchmark 2021-B30 Mortgage Trust), Servicing Agreement (Carvana Auto Receivables Trust 2021-P1), Servicing Agreement (Santander Drive Auto Receivables Trust 2020-3)

Notice of Regulatory Action. To the extent permitted by applicable Law, each Seller Purchaser shall promptly notify the applicable Purchaser Seller of any action, claim, inquiry, audit, investigation or examination taken or made by a Government Authority that may affect the conduct of a 18 Serviced Appointment and shall consult with such Purchaser the applicable Seller as to any changes in duties or other arrangements hereunder to be taken in connection therewith.

Appears in 11 contracts

Samples: Servicing Agreement (Sequoia Mortgage Trust 2013-3), Servicing Agreement (Sequoia Mortgage Trust 2013-4), Servicing Agreement (Sequoia Mortgage Trust 2013-2)

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Notice of Regulatory Action. To the extent permitted by applicable Law, each Seller Purchaser shall promptly notify the applicable Purchaser Seller of any action, claim, inquiry, audit, investigation or examination taken or made by a Government Authority that may affect the conduct of a 19 Serviced Appointment and shall consult with such Purchaser the applicable Seller as to any changes in duties or other arrangements hereunder to be taken in connection therewith.

Appears in 1 contract

Samples: Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5)

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