Common use of Notice to Borrowers Clause in Contracts

Notice to Borrowers. The Company, on a timely basis in accordance with and to the extent (if any) required by any applicable Laws, and pursuant to the Limited Powers of Attorney granted to it pursuant to Section 3.1(d)(i), must prepare and transmit to each Borrower a joint “hello” and “goodbye” letter, at the Company’s expense, which letter will be subject to the review and reasonable approval of the Transferor. With respect to each SFR Loan (if any), the Company must, on a timely basis in accordance with the HFSH Act, prepare and transmit to each Borrower any notice required by the HFSH Act.

Appears in 4 contracts

Samples: Asset Transfer Agreement, Asset Transfer Agreement, Asset Transfer Agreement

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