Common use of Agency Suspension Clause in Contracts

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Mae or Xxxxxxx Mac or otherwise cease to be an approved seller/servicer of conventional residential mortgage loans for Xxxxxx Mae or Xxxxxxx Mac, then the Purchaser may immediately terminate this Agreement and accelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Mae Xxx or Xxxxxxx Mac or otherwise cease to be an approved seller/servicer of conventional residential mortgage loans for Xxxxxx Mae or Xxxxxxx Mac, then the Purchaser may immediately terminate this Agreement and accelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac or otherwise cease to be an approved seller/servicer of conventional residential xx xxnventionxx xxxxdential mortgage loans for Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, then the Purchaser may immediately terminate this Agreement and accelerate xxxx Agreemenx xxx xccelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac or otherwise cease to be an approved seller/servicer of conventional residential mortgage loans for Xxxxxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac, then the Purchaser may immediately terminate this Agreement and accelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac or otherwise cease to be an approved seller/servicer xxxxxcer of conventional cxxxxxxxonal residential mortgage loans for Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, then the Purchaser may immediately terminate this Agreement and terminaxx xxxs Agreemxxx xxx accelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Mae Xxx or Xxxxxxx Mac or otherwise cease to be an approved seller/servicer of conventional residential mortgage loans for Xxxxxx Mae or Xxxxxxx Mac, then the Purchaser may immediately terminate this Agreement and accelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights................20

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac or otherwise cease to be an approved sellersellxx/servicer xxxvxxxr of conventional xxxxxxtional residential mortgage loans for Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, then the Purchaser may immediately terminate termixxxx this Agreement and accelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac or otherwise cease to be an approved seller/servicer of conventional residential xx xxxventionax xxxxxential mortgage loans for Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, then the Purchaser may immediately terminate this Agreement and accelerate xxxx Xgreement xxx xxcelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.

Agency Suspension. Should the Seller at any time during the term of this Agreement have its right to service temporarily or permanently suspended by Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac or otherwise cease to be an approved seller/servicer of conventional residential xx xxnxxxtionxx xxxxdential mortgage loans for Xxxxxx Fannie Mae or Xxxxxxx Freddie Mac, then the Purchaser may immediately terminate this Agreement and accelerate xxxx Agreemenx xxx xccelerate performance of the provisions of the Purchase Agreement to require immediate transfer of the Servicing Rights.