Common use of Purchased Asset Matters Clause in Contracts

Purchased Asset Matters. Seller shall promptly (and in any event not later than two (2) Business Days after Knowledge thereof) notify Purchaser of (A) any default or event of default under any Purchased Asset; (B) any facts or circumstances that in the commercially reasonable judgment of Seller are reasonably likely to cause, or have caused, a Credit Event with respect to any Purchased Asset or the Market Value of any Purchased Asset to decline; (C) any Purchased Asset that has become a Defaulted Asset; or (D) any Future Advance Failure.

Purchased Asset Matters. Seller shall promptly (and in any event not later than two (2) Business Days after Knowledge knowledge thereof) notify Purchaser of (A) any default or event of default under any Purchased Asset; (B) any facts or circumstances that that, in the Seller’s commercially reasonable judgment of Seller judgment, are reasonably likely to cause, or have caused, a Credit Event with respect to any Purchased Asset or the Market Value of any Purchased Asset to decline; (C) any Purchased Asset that has become a Defaulted Asset; or (D) any Future Advance Failure.

Purchased Asset Matters. Seller shall promptly (and in any event not later than two (2) Business Days after Knowledge knowledge thereof) notify Purchaser of (A) any default or event of default under any Purchased Asset; (B) any facts or circumstances that in the commercially reasonable judgment of Seller are reasonably likely to cause, or have caused, a Credit Event with respect to any Purchased Asset or the Market Value of any Purchased Asset to decline; (C) any Purchased Asset that has become a Defaulted Asset; or (D) any Future Advance Failure.

Purchased Asset Matters. Seller shall promptly (and in any event not later than two (2) Business Days after Knowledge obtaining actual knowledge thereof) notify Purchaser of of: (A) any default or event of default under any Purchased Asset; (B) any facts or circumstances that in the commercially reasonable judgment of Seller are reasonably likely to cause, or have caused, a Credit Event with respect to any Purchased Asset or the Market Value of any Purchased Asset to decline; (C) any Purchased Asset that has become a Defaulted Asset; or (D) any Future Advance Failure.Mandatory Early Repurchase Event;

Purchased Asset Matters. Seller shall promptly (and in any event not later than two (2) Business Days after Knowledge knowledge thereof) notify Purchaser of of: (A) any default beyond notice and cure periods or event of default under any Purchased Asset; (B) any facts or circumstances that in the commercially reasonable judgment of Seller believes are reasonably likely to cause, or have caused, a Credit Margin Deficit Event with respect to any Purchased Asset or the Market Value of any Purchased Asset to decline; (C) any Purchased Asset that has become a Defaulted AssetMandatory Early Repurchase Event; or (DC) any Future Advance Failure.

Purchased Asset Matters. Seller shall promptly (and in any event not later than two (2) Business Days after Knowledge obtaining actual knowledge thereof) notify Purchaser of of: (A) any default or event of default under any Purchased Asset; (B) any facts or circumstances that in the commercially reasonable judgment of Seller are reasonably likely to cause, or have caused, a Credit Event with respect to any Purchased Asset or the Market Value of any Purchased Asset to declineMandatory Early Repurchase Event; (C) any Purchased Asset that has become a Defaulted Asset; or (D) any Future Advance Failure.49

Purchased Asset Matters. Seller shall promptly (and in any event not later than two (2) Business Days after obtaining Knowledge thereof) notify Purchaser of (A) any monetary or material non-monetary default or event of default under any Purchased Asset; (B) any facts or circumstances that in the commercially reasonable judgment of Seller are reasonably likely to cause, or have caused, a Credit Event with respect to any Purchased Asset or the Market Value of any Purchased Asset to decline; (C) any Purchased Asset that has become a Defaulted Asset; or (D) any Future Advance Failure.