Purchaser Rights. Seller acknowledges that because it has sold the Purchased Loans to Purchaser, Purchaser shall have all the rights associated with such Purchased Loans, including the right to take any action against any Borrower for non-payment subject to the provisions of the Servicing Agreement and in accordance with Applicable Law.
Appears in 4 contracts
Samples: Master Loan Purchase Agreement, Master Loan Purchase Agreement (LendingClub Corp), Master Loan Purchase Agreement (LendingClub Corp)
Purchaser Rights. Seller acknowledges that because it has sold the Purchased Loans to Purchaser, Purchaser shall have all the rights associated with such Purchased Loans, including the right to take any action against any Borrower for non-payment subject to the provisions of the Servicing Agreement and in accordance with Applicable LawAgreement.
Appears in 2 contracts
Samples: Loan Purchase Agreement, Loan Purchase Agreement (LendingClub Corp)
Purchaser Rights. Seller acknowledges that because it has sold the or will sell Purchased Loans to Purchaser, Purchaser shall have all the rights associated with such Purchased LoansLoans upon such sale, including the right to take any action against any Borrower for non-payment subject to the provisions of the Servicing Agreement and in accordance with Applicable Law.
Appears in 1 contract
Purchaser Rights. Seller acknowledges that because it has sold the Purchased Loans to Purchaser, Purchaser shall have all the rights and obligations of a lender associated with such Purchased Loans, including the right to take any action against any Borrower for non-payment subject to the provisions of the Servicing Agreement and in accordance with Applicable Law.
Appears in 1 contract
Samples: Master Loan Purchase Agreement (Aurora Acquisition Corp.)
