(n) Arranged Indebtedness. Plan 3 hereto, as amended from time to time pursuant to the monthly Compliance Certificate (the ?Scheduled Indebtedness?) and no defaults or events of default exist thereunder, which default or event of default entitles any party to require acceleration or prepayment of any Indebtedness thereunder. Seller shall give Buyer prompt notification if any Scheduled Indebtedness that is a repurchase agreement, warehouse facility or similar credit facility (in each case providing mortgage warehouse financing) or that is a servicing advance facility provides more favorable terms to the buyer with respect to any financial covenants covering the same or similar subject matter as the Financial Condition Covenants.
(w) . With respect to for each and every Service Recognition also to the fresh the total amount in earlier times accepted, Vendor is within a beneficial position, no event with occurred otherwise one Vendor relatively thinks you are going to end in, including, instead of limitation, a change in insurance coverage that will possibly generate Merchant unable so you’re able to comply with the fresh eligibility requirements having maintaining the such relevant otherwise want notification with the related Agencies.
Department Approvals
(c)(i)(C) any non-frivolous and you may legitimate litigation otherwise continuing that’s pending or threatened on paper (a) against Seller where in actuality the matter inside exceeds this new Legal actions Tolerance that is not protected by insurance policies, in which injunctive or equivalent rescue try tried, otherwise hence, create fairly be likely to possess a material Adverse Impact, (b) regarding the some of the Repurchase Assets, and that, if adversely computed, would reasonably be expected getting a content Adverse Effect and you may (c) you to definitely concerns or pressures conformity of any Mortgage loan into Capacity to Pay Rule otherwise QM Signal;