Report on Proceedings. promptly upon the Seller's becoming aware of (1) any proposed or pending investigation of it by any governmental authority or agency, or (2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Seller, a written notice specifying the nature of such investigation or proceeding and what action the Seller is taking or proposes to take with respect thereto and evaluating its merits;
Appears in 9 contracts
Samples: Sales and Servicing Agreement (Copelco Capital Funding Corp X), Sales Contracts (Copelco Capital Funding Corp X), Assignment and Servicing Agreement (Ikon Receivables Funding LLC)
Report on Proceedings. promptly upon the Seller's becoming aware --------------------- of
(1) any proposed or pending investigation of it by any governmental authority or agency, or
(2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Seller, a written notice specifying the nature of such investigation or proceeding and what action the Seller is taking or proposes to take with respect thereto and evaluating its merits;
Appears in 3 contracts
Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables Funding LLC)
Report on Proceedings. promptly Promptly upon the Seller's ’s or the Buyer’s becoming aware of
of (1i) any proposed or pending investigation of it by any governmental authority Governmental Authority; or agency, or
(2ii) any pending or proposed court or administrative proceeding, proceeding which involves or may is reasonably likely to involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of it, such Person shall deliver to the Seller, other a written notice specifying the nature of such investigation or proceeding and what action the Seller such Person is taking or proposes to take with respect thereto and evaluating its merits;.
Appears in 2 contracts
Samples: Loan Sale and Servicing Agreement (Bluegreen Corp), Loan Sale and Servicing Agreement (Bluegreen Corp)
Report on Proceedings. promptly upon the Seller's becoming --------------------- aware of
(1) any proposed or pending investigation of it by any governmental authority or agency, or
(2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Seller, a written notice specifying the nature of such investigation or proceeding and what action the Seller is taking or proposes to take with respect thereto and evaluating its merits;
Appears in 2 contracts
Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC)
Report on Proceedings. promptly upon the Seller's becoming aware of
(1) any proposed or pending investigation of it by any governmental authority or agency, or
(2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Seller, a written notice specifying the nature of such investigation or proceeding and what action the Seller is taking or proposes to take with respect thereto and evaluating its merits;; and
Appears in 1 contract
Samples: Seller Contribution and Sale Agreement (Charter Equipment Lease 1998-1 LLC)
Report on Proceedings. promptly upon the Seller's becoming aware ofof ---------------------
(1) any proposed or pending investigation of it by any governmental authority or agency, or
(2) any court or administrative proceeding, which involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) of the Seller, a written notice specifying the nature of such investigation or proceeding and what action the Seller is taking or proposes to take with respect thereto and evaluating its merits;
Appears in 1 contract
Samples: Assignment and Servicing Agreement (Ikon Receivables LLC)
Report on Proceedings. promptly upon the Seller's becoming aware of
of (1A) any proposed or pending investigation of it by any governmental authority or agency, or
or (2B) any court or administrative proceeding, which which, in either case, involves or may involve the possibility of materially and adversely affecting the properties, business, prospects, profits or condition (financial or otherwise) ability of the SellerSeller to perform its obligations under this Agreement, a written notice specifying its nature and the nature of such investigation or proceeding and what action the Seller is taking or proposes to take with respect thereto and evaluating its meritsthereto;
Appears in 1 contract
Samples: Master Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-7)
