Assignment of Servicing Obligations. The Servicer may assign all (but not a portion) of its servicing rights and obligations under this MRB Servicing Agreement to another servicer, provided that such assignment is evidenced by a written agreement in which the assignee agrees to assume all the Servicer's obligations hereunder and agrees to the servicing fee provided herein. Any such assignment is subject to the prior written consent of the Corporation, Xxxxxx Xxx, Xxxxxx Xxx and Xxxxxxx Mac. If the Servicer sells portions or all servicing rights without the written consent of the Corporation, at the Corporation's discretion, the Corporation may assess the Servicer a penalty of $500 for each related Mortgage Loan and the Corporation will also be entitled to all other remedies available to it by applicable law including those set forth in Article IV. Without liability therefor, the Corporation may also, in its sole discretion, require a Servicer to sell a loan or loans to a substitute Servicer approved by the Corporation for the purpose of consolidating Xxxxxx Mae, Xxxxxx Xxx or Xxxxxxx Mac securities at the same rate into one pool of loans.
Assignment of Servicing Obligations. Except as otherwise provided in Section 2.02(n) and this Section 4.02, the Servicer may not assign any of its rights or privileges hereunder or make or enter into any delegation, subcontract, authorization or appointment with respect to any of its duties, liabilities or obligations hereunder without the prior written consent of the Master Servicer. Exhibit A hereto contains the name of each Designated Servicer, each of which Designated Servicer (other than any Designated Servicer listed on Exhibit A on the Closing Date) is subject to the approval of the Master Servicer. Notwithstanding any subservicing agreement, any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Designated Servicer, or reference to actions taken through a Designated Servicer or otherwise, the Servicer shall remain obligated and primarily liable for the servicing and administration of the Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such subservicing agreement or arrangement or by virtue of indemnification from the Designated Servicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Loans. For purposes of this Agreement, the Servicer shall be deemed to have received payments on Loans when any Designated Servicer has received such payment. The Servicer shall be entitled to enter into any agreement with a Designated Servicer providing for indemnification of the Servicer by the Designated Servicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.
Assignment of Servicing Obligations. Celink may not assign any of its rights or privileges hereunder or make or enter into any delegation, subcontract, authorization or appointment with respect to any of its duties, liabilities or obligations hereunder to any third Party, subsidiary or affiliate of Celink without the prior written consent of RMF.
Assignment of Servicing Obligations. GMACM shall have the right to assign all or any part of its rights, responsibilities, duties or obligations under this Agreement to any successor to GMACM with the prior written consent of the Bank, which consent shall not be unreasonably withheld or delayed. Upon any assignee’s assumption of such of GMACM’s rights, responsibilities, duties or liabilities as were assigned in accordance with this Section 7.4, GMACM shall be released from any liability therefor arising from the actions or inaction of such assignee from and after the effective date of such assumption.
Assignment of Servicing Obligations. Subject to Section 2.01(b), the Servicer may assign for consideration all (but not a portion) of its servicing rights and obligations under this Agreement to another servicer, provided that such assignment shall be evidenced by a written agreement in which the assignee agrees to assume all of the Servicer’s obligations hereunder and agrees to provide its services for the same fees as provided in this Agreement. Any such assignment is subject to the prior written consent of the applicable GSEs and the Corporation, or in each case its successors or assigns, provided that the consent of the Corporation shall not be unreasonably withheld, conditioned, or delayed.
