Amendments to the Relevant Documents. Effective as of immediately prior to the closing of the Mortgage Business Sale: (i) Each of the Relevant Documents, as applicable, is hereby amended by replacing “PHH Corporation” and the defined term “PHH” with “PHH Mortgage Holding Corp.” and “Holdco”, respectively, wherever each such term appears , except as otherwise specified herein. (ii) Each of the Relevant Documents, as applicable, is hereby amended by replacing “Cendant” with “Realogy” wherever it appears, except as otherwise specified herein. (iii) Each of the Relevant Documents, as applicable, is hereby amended by inserting the following sentence after the definition of “Affiliate” contained therein: “Notwithstanding the foregoing, no Person that, directly or indirectly, controls or is under common control with Holdco (other than the Subsidiaries of Holdco, each of which shall constitute an Affiliate of Holdco for purposes of this Agreement) shall be considered an Affiliate of Holdco or any of its Subsidiaries for purposes of this Agreement.” (iv) Section 1.1 of both the Operating Agreement and the Strategic Relationship Agreement is hereby amended by (a) deleting the definition of “Cendant” contained therein and inserting the following definition: “Realogy “means Realogy Corporation, a Delaware corporation; and (b) deleting the definition of “Cendant Mobility Office” contained therein and inserting the following definition: “Cartus Office “means any office comprising part of Realogy’s corporate relocation business, including, without limitation, any office of Cartus Corporation or any of its Subsidiaries, whether owned as of the date hereof or acquired or opened hereafter by Cartus Corporation or one of its Subsidiaries.
Appears in 2 contracts
Samples: Consent and Amendment (PHH Corp), Consent and Amendment (PHH Corp)
Amendments to the Relevant Documents. Effective as of immediately prior to the closing of the Mortgage Business Sale:
(i) Each of the Relevant Documents, as applicable, is hereby amended by replacing “PHH Corporation” and the defined term “PHH” with “PHH Mortgage Holding Corp.” and “Holdco”, respectively, wherever each such term appears appears, except as otherwise specified herein.
(ii) Each of the Relevant Documents, as applicable, is hereby amended by replacing “Cendant” with “Realogy” wherever it appears, except as otherwise specified herein.
(iii) Each of the Relevant Documents, as applicable, is hereby amended by inserting the following sentence after the definition of “Affiliate” contained therein: “Notwithstanding the foregoing, no Person that, directly or indirectly, controls or is under common control with Holdco (other than the Subsidiaries of Holdco, each of which shall constitute an Affiliate of Holdco for purposes of this Agreement) shall be considered an Affiliate of Holdco or any of its Subsidiaries for purposes of this Agreement.”
(iv) Section 1.1 of both the Operating Agreement and the Strategic Relationship Agreement is hereby amended by (a) deleting the definition of “Cendant” contained therein and inserting the following definition: “Realogy “Realogy” means Realogy Corporation, a Delaware corporation; and (b) deleting the definition of “Cendant Mobility Office” contained therein and inserting the following definition: “Cartus Office “Office” means any office comprising part of Realogy’s corporate relocation business, including, without limitation, any office of Cartus Corporation or any of its Subsidiaries, whether owned as of the date hereof or acquired or opened hereafter by Cartus Corporation or one of its Subsidiaries.
Appears in 2 contracts
Samples: Consent and Amendment (PHH Corp), Consent and Amendment (Realogy Corp)