Common use of Total Systems Failure Clause in Contracts

Total Systems Failure. The Seller shall cause the Servicer to promptly notify the Buyer of any total systems failure and to advise the Buyer of the estimated time required to remedy such total systems failure and of the estimated date on which a Settlement Statement can be delivered. Until a total systems failure is remedied, the Seller shall cause the Servicer (i) to furnish to the Buyer such periodic status reports and other information relating to such total systems failure as the Buyer may reasonably request and (ii) to promptly notify the Buyer if the Servicer believes that such total systems failure cannot be remedied by the estimated date, which notice shall include a description of the circumstances which gave rise to such delay, the action proposed to be taken in response thereto, and a revised estimate of the date on which a Settlement Statement can be delivered. The Seller shall cause the Servicer to promptly notify the Buyer when a total systems failure has been remedied.

Total Systems Failure. The Seller Servicer shall cause the Servicer to promptly notify the Buyer of any total systems failure and to advise the Buyer of the estimated time required to remedy such total systems failure and of the estimated date on which a Settlement Statement can be delivered. Until a total systems failure is remedied, the Seller Servicer shall cause the Servicer (i) to furnish to the Buyer such periodic status reports and other information relating to such total systems failure as the Buyer may reasonably request and (ii) to promptly notify the Buyer if the Servicer believes that such total systems failure cannot be remedied by the estimated date, which notice shall include a description of the circumstances which gave rise to such delay, the action proposed to be taken in response thereto, and a revised estimate of the date on which a Settlement Statement can be delivered. The Seller shall cause the Servicer to will promptly notify the Buyer when a total systems failure has been remedied.

Total Systems Failure. The Seller shall, or shall cause the Servicer to to, promptly notify the Buyer of any total systems failure and to shall advise the Buyer of the estimated time required to remedy such total systems failure and of the estimated date on which a Settlement Statement Sale Report can be delivered. Until a total systems failure is remedied, the Seller shall cause or the Servicer (i) to will furnish to the Buyer such periodic status reports and other information relating to such total systems failure as the Buyer may reasonably request and (ii) to will promptly notify the Buyer if the Seller or the Servicer believes that such total systems failure cannot be remedied by the estimated date, which notice shall include a description of the circumstances which gave rise to such delay, the action proposed to be taken in response thereto, and a revised estimate of the date on which a Settlement Statement Sale Report can be delivered. The Seller shall cause or the Servicer to shall promptly notify the Buyer when a total systems failure has been remedied.

Total Systems Failure. The Unless Servicer has done so, Seller shall cause the Servicer to promptly notify the Buyer of any total systems failure and to advise the Buyer of the estimated time required to remedy such total systems failure and of the estimated date on which a Settlement Statement Sale Report can be delivered. Until a total systems failure is remedied, the Seller (unless Servicer has done so) shall cause the Servicer (i) to furnish to the Buyer such periodic status reports and other information relating to such total systems failure as the Buyer may reasonably request and (ii) to promptly notify the Buyer if the Servicer Seller believes that such total systems failure cannot be remedied by the estimated date, which notice shall include a description of the circumstances which gave rise to such delay, the action proposed to be taken in response thereto, and a revised estimate of the date on which a Settlement Statement Sale Report can be delivered. The Unless Servicer has done so, Seller shall cause the Servicer to promptly notify the Buyer when a total systems failure has been remedied.

Total Systems Failure. The Seller shall cause the Servicer ---------------------- to promptly notify the Buyer of any total systems failure and to advise the Buyer of the estimated time required to remedy such total systems failure and of the estimated date on which a Settlement Statement can be delivered. Until a total systems failure is remedied, the Seller shall cause the Servicer (i) to furnish to the Buyer such periodic status reports and other information relating to such total systems failure as the Buyer may reasonably request and (ii) to promptly notify the Buyer if the Servicer believes that such total systems failure cannot be remedied by the estimated date, which notice shall include a description of the circumstances which gave rise to such delay, the action proposed to be taken in response thereto, and a revised estimate of the date on which a Settlement Statement can be delivered. The Seller shall cause the Servicer to promptly notify the Buyer when a total systems failure has been remedied.

Total Systems Failure. The Seller shall, or shall cause the --------------------- Servicer to to, promptly notify the Buyer of any total systems failure and to shall advise the Buyer of the estimated time required to remedy such total systems failure and of the estimated date on which a Settlement Statement Sale Report can be delivered. Until a total systems failure is remedied, the Seller shall cause or the Servicer (i) to will furnish to the Buyer such periodic status reports and other information relating to such total systems failure as the Buyer may reasonably request and (ii) to will promptly notify the Buyer if the Seller or the Servicer believes that such total systems failure cannot be remedied by the estimated date, which notice shall include a description of the circumstances which gave rise to such delay, the action proposed to be taken in response thereto, and a revised estimate of the date on which a Settlement Statement Sale Report can be delivered. The Seller shall cause or the Servicer to shall promptly notify the Buyer when a total systems failure has been remedied.