Notices of Adverse Claims Clause Samples

The "Notices of Adverse Claims" clause establishes a process for informing a party if a third party asserts a claim or right that conflicts with the interests or rights under the agreement. Typically, this clause requires prompt written notification to the relevant party upon receiving such a claim, and may outline the steps to be taken in response, such as suspending certain actions or cooperating in resolving the dispute. Its core function is to ensure that all parties are made aware of potential legal challenges or competing claims, thereby allowing them to address the issue proactively and protect their interests.
Notices of Adverse Claims. The Securities Intermediary shall promptly notify the Secured Party and the Issuer if any other person claims that it has a property interest in the Accounts or that it is a violation of such person’s rights for anyone else to hold, transfer or deal with the Accounts.
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Notices of Adverse Claims. The Intermediary shall promptly notify the Secured Party and the Issuer if any other person claims that it has a property interest in the Trust Accounts or that it is a violation of such person’s rights for anyone else to hold, transfer or deal with the Trust Accounts.
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Notices of Adverse Claims. Upon receipt of notice of any lien, charge or other adverse claim against any Deposit Account Collateral (including any writ, garnishment, judgment, warrant of attachment, execution or similar process), the Bank will promptly notify the Collateral Agent and the Loan Party thereof.
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Notices of Adverse Claims. The Bank will use reasonable efforts to promptly notify Lender and Guarantor if it receives notice at any time after the date of this Agreement that any other person claims that it has a property interest in property in the Deposit Account and that it is a violation of that person’s rights for anyone else to hold, transfer or deal with the property. For the avoidance of doubt, such notice shall be given in writing and in accordance with the notice provisions set forth in Section 17 below
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Notices of Adverse Claims. Upon actual receipt of written notice of any lien, encumbrance or adverse claim by a third party against the Account or any asset of the Account, the Custodian shall notify the Secured Party and the Pledgor thereof.
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Notices of Adverse Claims. The Intermediary shall promptly notify the Secured Party, the Servicer and the Transferor if any other person claims that it has a property interest in the Accounts or that it is a violation of such person’s rights for anyone else to hold, transfer or deal with the Accounts.
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Notices of Adverse Claims. When the Issuer knows of any claim or interest in the Pledged Shares other than the claims and interests of the parties to this Agreement, the Issuer will promptly notify the Secured Party and the Grantor of such claim or interest.
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Notices of Adverse Claims. If any person or entity asserts any lien, encumbrance or adverse claim against the Accounts or in any financial asset held therein, then, unless prohibited by law or court order, Securities Intermediary and Depository shall promptly notify Treasurer thereof in writing. Such notice shall include the name of the person or entity asserting the adverse interest and the nature of the adverse interest.
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Notices of Adverse Claims. Upon receipt of written notice of any lien, encumbrance or adverse claim against an Account or any Account Property, the Broker will make commercially reasonable efforts to notify the Lender thereof as soon as is practicable.
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Related to Notices of Adverse Claims

  • No Adverse Claims Seller warrants and will defend, and shall cause any Servicer to defend, the right, title and interest of Buyer in and to all Purchased Mortgage Loans and the related Repurchase Assets against all adverse claims and demands.

  • Notices of Certain Events (a) The Sellers shall promptly notify the Purchaser of: (i) any change or event that, individually or in the aggregate, has had or reasonably may be expected to result in a Material Adverse Effect, or otherwise result in any representation or warranty of the Sellers hereunder being inaccurate such that the condition precedent in Section 7.2(c) would not be satisfied if such inaccuracy were to exist at the Closing Date; (ii) any notice from any Person alleging that the consent of such Person is or may be required in connection with the transactions contemplated hereby; (iii) any written notice (other than routine communications of an administrative nature) from any Governmental Entity in connection with the transactions contemplated hereby; (iv) any action, suit, claim, investigation or proceeding commenced or, to the Sellers’ Knowledge threatened against, relating to or involving or otherwise affecting the Business that, if pending on the date hereof, would have been required to have been disclosed hereunder or that related to or would otherwise affect the consummation of the transactions contemplated hereby; and (v) (A) the material damage or destruction by fire or other casualty of any material Asset or part thereof or (B) any material Asset or part thereof becoming the subject of any proceeding (or, to the Sellers’ Knowledge, threatened proceeding) for the taking thereof or of any right relating thereto by condemnation, eminent domain or other similar governmental action. (b) The Purchaser shall promptly notify the Sellers of: (i) any change or event that, individually or in the aggregate, has had or would reasonably be expected to have a Purchaser Material Adverse Effect, or otherwise result in any representation or warranty of the Purchaser hereunder being inaccurate such that the condition precedent in Section 7.3(c) would not be satisfied if such inaccuracy were to exist at the Closing Date; (ii) any written notice or other communication from any Person alleging that the consent of such Person is or may be required in connection with the transactions contemplated hereby; (iii) any written notice or other communication from any Governmental Entity in connection with the transactions contemplated hereby; and (iv) any action, suit, claim, investigation or proceeding commenced or, to the Purchaser’s knowledge, threatened against, relating to or involving or otherwise affecting the Purchaser that relates to or would otherwise affect the consummation of the transactions contemplated hereby. (c) Each Party hereby acknowledges that the other Party does not and shall not waive any right it may have hereunder as a result of such notifications.

  • Adverse Claims Borrower will promptly advise Lender in writing of any litigation, Liens or claims affecting the Mortgaged Property and of all complaints and charges made by any Governmental Authority that may delay or adversely affect the Repairs or Capital Replacements.