Common use of Assignment or Subcontracting Clause in Contracts

Assignment or Subcontracting. No assignment or subcontracting by Servicer of any part of this Agreement or of funds to be received under this Agreement shall be of any force or effect unless the assignment has had the prior written approval of Client. Client may terminate this Agreement rather than accept any proposed assignment or subcontracting. Such assignment or subcontracting may be approved by the Client’s manager or his designee.

Assignment or Subcontracting. No assignment or subcontracting by Servicer of any part of its obligations under this Agreement or of funds to be received under this Agreement shall be of any force or effect unless the assignment or subcontract has had the prior written approval of Client. Client may terminate this Agreement rather than accept any proposed assignment or subcontracting. Such assignment or subcontracting may and Client shall not be approved by the Client’s manager or his designeeliable for any transfer fee.