Common use of No Pending Proceedings Clause in Contracts

No Pending Proceedings. There are no proceedings pending, or, to the best of HLSS’s knowledge, threatened, wherein any governmental agency has (A) alleged that any Receivable is illegal or unenforceable, (B) asserted the invalidity of any Receivable or (C) sought any determination or ruling that might adversely affect the payment or enforceability of any Receivable.

Appears in 7 contracts

Sources: Receivables Sale Agreement (New Residential Investment Corp.), Receivables Sale Agreement (New Residential Investment Corp.), Receivables Sale Agreement (Home Loan Servicing Solutions, Ltd.)

No Pending Proceedings. There are no proceedings pending, or, to the best of HLSSDitech’s knowledge, threatened, wherein any governmental agency has (A) alleged that any Receivable is illegal or unenforceable, (B) asserted the invalidity of any Receivable or (C) sought any determination or ruling that might adversely affect the payment or enforceability of any Receivable.

Appears in 3 contracts

Sources: Receivables Sale Agreement (DITECH HOLDING Corp), Receivables Sale Agreement (DITECH HOLDING Corp), Receivables Sale Agreement (Walter Investment Management Corp)