Common use of Litigation Searches Clause in Contracts

Litigation Searches. To BAC's knowledge in reliance on the litigation searches in the Loan File and the warranties and representations of the Mortgagor in the Mortgage Loan Documents (including, if addressed therein, the opinion of Mortgagor's counsel), and without other affirmative investigation or inquiry, there is no pending action, suit or proceeding, arbitration or governmental investigation against the Mortgagor or any Mortgaged Property an adverse outcome of which could materially affect the Mortgagor's performance of its obligations under the Mortgage Loan Documents.