Common use of Effect of Termination of Agreement Clause in Contracts

Effect of Termination of Agreement. (a) In the event this Agreement is terminated pursuant to the provisions hereof, Article XII, Sections 8.01, 10.02, 15.02, 15.04 and 15.16 and this Section 10.05 shall remain in effect after such termination, and all provisions relating to the allocation of responsibility for costs incurred by the Owner and/or the Company shall remain in effect with respect to acts occurring before such termination.

Appears in 5 contracts

Samples: Portfolio Servicing Agreement (PHH Corp), Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc), Portfolio Servicing Agreement (Merrill Lynch Mortgage Investors Inc)

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Effect of Termination of Agreement. (a) In the event this Agreement is terminated pursuant to the provisions hereof, this Section 14.05, Article XIIXIII, Sections 8.017.01, 10.0214.02, 15.0217.02, 15.04 17.03, 17.05 and 15.16 and this Section 10.05 17.17 shall remain in effect after such termination, and all provisions relating to the allocation of responsibility for costs incurred by the Owner Servicer and/or the Company Subservicer shall remain in effect with respect to acts occurring before such termination.

Appears in 1 contract

Samples: Subservicing Agreement (PHH Corp)

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Effect of Termination of Agreement. (a) In the event this Agreement is terminated pursuant to the provisions hereof, this Section 14.05, Article XIIXIII, Sections 8.017.01, 10.0214.02, 15.0217.02, 15.04 17.03, 17.05 and 15.16 and this Section 10.05 17.17 shall remain in effect after such termination, and all provisions relating to the allocation of responsibility for costs incurred by the Owner Servicer and/or the Company Subservicer shall remain in effect with respect to acts occurring before such termination.

Appears in 1 contract

Samples: Mortgage Loan Subservicing Agreement (PHH Corp)

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