Limitation on Resignation and Assignment by Servicer. (a) The Servicer shall not assign this Agreement or the servicing hereunder or delegate its rights or duties hereunder or any portion hereof or sell or otherwise dispose of all of its property or assets without the prior written consent of the Master Servicer.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (First NLC Securitization, Inc.), Pooling and Servicing Agreement (Lares Asset Securitization, Inc.), Transfer and Servicing Agreement (Lares Asset Securitization, Inc.)
Limitation on Resignation and Assignment by Servicer. (a) The Servicer shall not neither assign this Agreement or the servicing hereunder or nor delegate its rights or duties hereunder or any portion hereof (to other than a Subservicer or sell or otherwise dispose to a third party in the case of all of its outsourcing routine tasks such as taxes, insurance and property or assets inspection, in which case the Servicer shall be fully liable for such tasks as if the Servicer performed them itself) without the prior written consent of the Master ServicerPurchaser, which consent shall be granted or withheld in the reasonable discretion of the Purchaser.
Appears in 1 contract
Samples: And (LTC Properties Inc)