Common use of Continuation of MLCC Services Clause in Contracts

Continuation of MLCC Services. Purchaser acknowledges that the provision of MLCC Services is critical to the business and operations of Seller. In the event of a fee dispute between Seller and Purchaser pursuant to which either Party in good faith believes it is entitled to withhold payment of the disputed amount or for which either Party in good faith believes payment is due, each Party shall continue to perform its obligations under the Ancillary Agreements, including continuing to pay undisputed amounts. Neither Party shall not under any circumstances suspend or disrupt, or seek any injunctive or other equitable relief for the purpose of suspending or disrupting, directly or indirectly, provision of the services to the other Party under the Ancillary Agreements or the normal business operations of the other Party.

Appears in 6 contracts

Samples: Portfolio Servicing Agreement (PHH Corp), Servicing Rights Purchase and Sale Agreement (PHH Corp), Merrill Lynch Mort Invest Inc MLCC 2003-B Mort Ps THR Cert

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