Common use of Limitation on Resignation and Assignment by Servicer Clause in Contracts

Limitation on Resignation and Assignment by Servicer. (a) The Purchaser has entered into this Agreement with the Servicer, and subsequent permitted purchasers or transferees pursuant to any Securitizations or Whole Loan Transfers will purchase the Receivables, in reliance upon the representations as to the adequacy of Servicer's servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing, and the continuance thereof. Therefore, the Servicer shall neither assign this Agreement or its the servicing or custodial obligations hereunder, nor delegate its rights or duties hereunder or any portion hereof.

Limitation on Resignation and Assignment by Servicer. (a) The Purchaser Master Servicer has entered into this Agreement with the Servicer, and subsequent permitted purchasers or transferees pursuant to any Securitizations or Whole Loan Transfers the Pass-Through Transfer will purchase the Receivables, in reliance upon the representations as to the adequacy of Servicer's servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing, and the continuance thereof. Therefore, the Servicer shall neither assign this Agreement or its the servicing or custodial obligations hereunder, nor delegate its rights or duties hereunder or any portion hereof.