Common use of Merger or Consolidation of the Service Provider Clause in Contracts

Merger or Consolidation of the Service Provider. (a) The Service Provider shall keep in full effect its existence, rights and franchises as an entity and maintain its qualification to service mortgage loans for each of Xxxxxx Xxx, Xxxxxxx Mac and HUD and comply with the laws of each State in which any Mortgaged Property is located to the extent necessary to protect the validity and enforceability of this Agreement, and to perform its duties under this Agreement.

Appears in 4 contracts

Samples: Mortgage Banking Services Agreement (PennyMac Mortgage Investment Trust), Mortgage Banking Services Agreement (Pennymac Financial Services, Inc.), Mortgage Banking And (PennyMac Mortgage Investment Trust)

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Merger or Consolidation of the Service Provider. (a) The Service Provider shall keep in full effect its existence, rights and franchises as an entity and maintain its qualification to service mortgage loans for each of Xxxxxx XxxFxxxxx Mxx, Xxxxxxx Fxxxxxx Mac and HUD and comply with the laws of each State in which any Mortgaged Property is located to the extent necessary to protect the validity and enforceability of this Agreement, and to perform its duties under this Agreement.

Appears in 1 contract

Samples: Mortgage Banking Services Agreement (PennyMac Financial Services, Inc.)

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