No Transfer of Servicing. Countrywide acknowledges that the Purchaser acts in reliance upon Countrywide’s independent status, the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof. Without in any way limiting the generality of this Section, Countrywide shall not assign this Agreement or the servicing rights hereunder, without the prior written approval of the Purchaser, which consent may not be unreasonably withheld; provided, however, that nothing in this Agreement shall limit the right of Countrywide to assign the servicing rights hereunder to Servicing LP.
Appears in 11 contracts
Samples: Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2007-4f), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2006-10f), Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2)
No Transfer of Servicing. Countrywide acknowledges that the Purchaser acts in reliance upon Countrywide’s 's independent status, the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof. Without in any way limiting the generality of this Section, Countrywide shall not assign this Agreement or the servicing rights hereunder, without the prior written approval of the Purchaser, which consent may not be unreasonably withheld; provided, however, that nothing in this Agreement shall limit the right of Countrywide to assign the servicing rights hereunder to Servicing LP.
Appears in 10 contracts
Samples: Purchase and Servicing Agreement (Banc of America Funding Corp), Purchase and Servicing Agreement (Banc of America Funding 2006-D Trust), Master Mortgage Loan Purchase and Servicing Agreement (Luminent Mortgage Trust 2006-6)
No Transfer of Servicing. Countrywide acknowledges that the Purchaser Seller acts in reliance upon Countrywide’s and the Servicer’s independent status, the adequacy of its their servicing facilities, plant, personnel, records and procedures, its their integrity, reputation and financial standing and the continuance thereof. Without in any way limiting the generality of this SectionSection 7.6, Countrywide shall not assign this Agreement or the servicing rights hereunder, without the prior written approval of the PurchaserSeller, which consent may not be unreasonably withheld; provided, however, that nothing in this Agreement shall limit the right of Countrywide to assign the servicing rights hereunder to Servicing LP.
Appears in 4 contracts
Samples: Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2007-He1), Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2006-He2), Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2007-Nc1)
No Transfer of Servicing. Countrywide acknowledges that the Purchaser acts in reliance upon Countrywide’s independent status, the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof. Without in any way limiting the generality of this Section, Countrywide shall not assign this Agreement or the servicing rights hereunder, without the prior written approval of the Purchaser, which consent may not be unreasonably withheld; provided, however, that nothing in this Agreement shall limit the right of Countrywide to assign the servicing rights hereunder to Servicing LP.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Servicing Agreement (Sequoia Mortgage Trust 2006-1), Mortgage Loan Purchase and Servicing Agreement (Sequoia Residential Funding Inc)
No Transfer of Servicing. Countrywide acknowledges that the Purchaser acts Purchasers act in reliance upon Countrywide’s 's independent status, the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof. Without in any way limiting the generality of this Section, Countrywide shall not may, in its sole discretion, assign this Agreement or the servicing rights hereunder, without the prior written approval of the PurchaserPurchasers, which consent may not be unreasonably withheldto Countrywide Home Loans Servicing LP; provided, however, that nothing in Countrywide shall not assign this Agreement shall limit the right of Countrywide to assign or the servicing rights hereunder to Servicing LPany other entity without the prior written consent of the Purchasers.
Appears in 1 contract
