Common use of No Impediment Clause in Contracts

No Impediment. Except as previously disclosed to Seller or disclosed in Purchaser's public filings with the Securities and Exchange Commission, if any, to Purchaser's knowledge, there is no event relating to Purchaser's business, operations, management, financial condition, legal status or other such factor that would reasonably be expected to adversely affect in any material respect (a) the likelihood that any of the conditions set forth in Article VI and Article VII could not reasonably be satisfied within the time period contemplated by this Agreement, including timely receipt of Required Consents or related third-party consents in accordance with Section 2.13 hereof, and the absence of any actual or threatened material Actions related to Purchaser's servicing of residential mortgage loans or acceptance of servicing transfers, (b) the ability of Purchaser to perform its obligations under this Agreement, or (c) on Seller, including material adverse reputation risk.

Appears in 3 contracts

Sources: New RMSR Agreement (Onity Group Inc.), New RMSR Agreement (Ocwen Financial Corp), New RMSR Agreement (New Residential Investment Corp.)

No Impediment. Except as previously disclosed to Seller or disclosed in Purchaser's ’s public filings with the Securities and Exchange Commission, if any, to Purchaser's ’s knowledge, there is no event relating to Purchaser's ’s business, operations, management, financial condition, legal status or other such factor that would reasonably be expected to adversely affect in any material respect (a) the likelihood that any of the conditions set forth in Article VI and Article VII could not reasonably be satisfied within the time period contemplated by this Agreement, including timely receipt of Required Consents or related third-party consents in accordance with Section 2.13 hereof, and the absence of any actual or threatened material Actions related to Purchaser's ’s servicing of residential mortgage loans or acceptance of servicing transfers, (b) the ability of Purchaser to perform its obligations under this Agreement, or (c) on Seller, including material adverse reputation risk.

Appears in 1 contract

Sources: Master Agreement (Ocwen Financial Corp)

No Impediment. Except as previously disclosed to Seller or disclosed in Purchaser's ’s public filings with the Securities and Exchange Commission, if any, to Purchaser's ’s knowledge, there is no event relating to Purchaser's ’s business, operations, management, financial condition, legal status or other such factor that would reasonably be expected to adversely affect in any material respect respect (a) the likelihood that any of the conditions set forth in Article VI and Article VII could not reasonably be satisfied within the time period contemplated by this Agreement, including timely receipt of Required Consents or related third-party consents in accordance with Section 2.13 hereof, and the absence of any actual or threatened material Actions related to Purchaser's ’s servicing of residential mortgage loans or acceptance of servicing transfers, (b) the ability of Purchaser to perform its obligations under this Agreement, or (c) on Seller, including material adverse reputation risk.

Appears in 1 contract

Sources: Master Agreement (New Residential Investment Corp.)