Delegated Authority to Make P&I Advances. The Receivables Seller and the Servicer hereby irrevocably appoint the Noteholder(s) of any Outstanding VFN with the authority (but no obligation) to make any P&I Advance on the Servicer’s behalf to the extent the Servicer fails to make such P&I Advance when required to do so pursuant to the related Designated Servicing Agreement.
Appears in 9 contracts
Samples: Indenture (New Residential Investment Corp.), Indenture (New Residential Investment Corp.), Purchase Agreement (New Residential Investment Corp.)
Delegated Authority to Make P&I Advances. The Receivables Seller and the Servicer hereby irrevocably appoint the Noteholder(s) of any Outstanding VFN with the authority (but no obligation) to make any P&I Advance on the Servicer’s 's behalf to the extent the Servicer fails to make such P&I Advance when required to do so pursuant to the related Designated Servicing Agreement.
Appears in 2 contracts
Samples: Indenture (Nationstar Mortgage Holdings Inc.), Nationstar Mortgage Holdings Inc.
Delegated Authority to Make P&I Advances. The Each Receivables Seller and the each Servicer hereby irrevocably appoint the Noteholder(s) of any Outstanding VFN with the authority (but no obligation) to make any P&I Advance on the applicable Servicer’s behalf to the extent the such Servicer fails to make such P&I Advance when required to do so pursuant to the related Designated Servicing Agreement.
Appears in 1 contract
Samples: Servicing Rights Purchase Agreement (New Residential Investment Corp.)
Delegated Authority to Make P&I Advances. The Receivables Seller and the Servicer hereby irrevocably appoint the Noteholder(s) of any Outstanding VFN with the authority (but no obligation) to make any P&I Advance on the Servicer’s behalf to the extent the Servicer fails to make such P&I Advance when required to do so pursuant to the related Designated Servicing Agreement.
Appears in 1 contract
