Servicing Rights Notices. Each Borrower shall provide copies of (i) all notices it receives from any Agency that materially affect the Eligible Servicing Rights, including any notice received with respect to the events set forth in Section 6.01(n)(i) through (iv), and (ii) any demand by an Agency or an insurer for the repurchase of or indemnification with respect to a mortgage loan and the reason for such repurchase or indemnification within three (3) Business Days after such Borrower or Subservicer receives notice thereof, if such demand would likely cause a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust)
Servicing Rights Notices. Each Borrower shall provide copies of (i) all notices it receives from any Agency that materially affect the Eligible Servicing Rights, including any notice received with respect to the events set forth in Section 6.01(n)(i) through (iv), Rights and (ii) any demand by an Agency or an insurer for the repurchase of or indemnification with respect to a mortgage loan and the reason for such repurchase or indemnification within three (3) Business Days after such Borrower or Subservicer receives notice thereof, if such demand would likely cause a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (Pennymac Financial Services, Inc.)
Servicing Rights Notices. Each Borrower shall provide copies of (i) all notices it receives from any Agency that materially affect the Eligible Servicing Rights, including any notice received with respect to the events set forth in Section 6.01(n)(i) through (iv), and (ii) any demand by an Agency or an insurer for the repurchase of or indemnification with respect to a mortgage loan and the reason for such repurchase or indemnification within three (3) Business Days after such Borrower or Subservicer receives notice thereof, if such demand would likely cause a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (Pennymac Financial Services, Inc.)
Servicing Rights Notices. Each Borrower shall provide copies of (i) all notices it receives from any Agency that materially affect the Eligible Servicing Rights, including any notice received with respect to the events set forth in Section 6.01(n)(i) through (iv), and (ii) any demand by an Agency or an insurer for the repurchase of or indemnification with respect to a mortgage loan and the reason for such repurchase or indemnification within three (3) Business Days after such Borrower or Subservicer receives notice thereof, if such demand would likely cause a Material Adverse Effect.
Appears in 1 contract
Samples: Loan and Security Agreement (PennyMac Mortgage Investment Trust)