Common use of Appointment and Designation of Master Servicer Clause in Contracts

Appointment and Designation of Master Servicer. The Purchaser may, in its sole discretion from time to time, engage a master servicer (the “Master Servicer”) to assist the Purchaser in the supervision of the performance by the Company of its obligations and responsibilities arising under this Agreement. In the event that the Purchaser so appoints a Master Servicer, the Purchaser shall provide written notice thereof to the Company. From the date of such notice until such time as the Company receives written notice from the Purchaser that it has terminated or replaced such Master Servicer, the Company shall deliver all notices, reports and remittances that the Company is obligated to deliver to the Purchaser under this Agreement directly to the Master Servicer named in such notice (or to any successor master servicer named in any subsequent written notice received from the Purchaser). The Master Servicer shall have the rights to enforce the obligations of the Company under this Agreement on behalf of the Purchaser. Notwithstanding anything herein to the contrary, in no event shall the Master Servicer assume any of the obligations of the Purchaser under this Agreement; provided, however, that it is hereby understood and agreed upon by the Company and the Purchaser that the obligations of the Purchaser under this Agreement shall be retained by the Purchaser. The Purchaser hereby appoints Aurora Loan Services LLC as its initial Master Servicer hereunder.