Common use of Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights Clause in Contracts

Assumption of Servicing Duties; Transfer of Rights to MSRs and Servicing Rights. Purchaser may from time to time assume the performance of any of Seller’s servicing obligations under a Deferred Servicing Agreement so long as such assumption is permitted pursuant to such Deferred Servicing Agreement and does not limit Seller’s right to receive (or materially reduce the likelihood of collection of) the Servicing Fees, Ancillary Income, Prepayment Interest Excess, investment income on any Custodial Account or Escrow Account or any other amount payable to the Seller as servicer pursuant to such Deferred Servicing Agreement. Notwithstanding anything in the Agreement or this Sale Supplement to the contrary, Purchaser may transfer the Rights to MSRs to any third party and/or may direct Seller to transfer the Servicing Rights to a third party that can obtain the required Third Party Consents, subject to the right of the Seller to receive the Seller Monthly Servicing Fee, the Performance Fee, the Ancillary Income, investment income on the Custodial Accounts and Escrow Accounts and, if applicable, the Prepayment Interest Excess with respect to such Deferred Servicing Agreement pursuant to and in accordance with Article 7. For the avoidance of doubt, Purchaser shall be entitled to receive all proceeds of such transfer.