Common use of No Transfer or Assignment of Servicing Clause in Contracts

No Transfer or Assignment of Servicing. With respect to the responsibility of the Primary Servicer to service the Mortgage Loans hereunder, the Primary Servicer acknowledges that the Master Servicer has acted in reliance upon the Primary Servicer’s independent status, the adequacy of its servicing facilities, plant, personnel, records and procedures, its integrity, reputation and financial standing and the continuance thereof. Except as otherwise provided here, without in any way limiting the generality of this Section 3.05, the Primary Servicer shall neither assign or transfer this Agreement or the servicing hereunder nor delegate its rights or duties hereunder or any portion thereof, nor sell or otherwise dispose of all or substantially all of its property or assets, without the prior written approval of the Master Servicer, which approval will not be unreasonably withheld or delayed.

No Transfer or Assignment of Servicing. With respect to the responsibility of the Primary Sub-Servicer to service the Mortgage Loans hereunder, the Primary Sub-Servicer acknowledges that the Master Servicer has acted in reliance upon the Primary Sub-Servicer’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. Except as otherwise provided herethereof Subject to Section 3.01(c)(4) of this Agreement, without in any way limiting the generality of this Section 3.05, the Primary Sub-Servicer shall neither assign or nor transfer this Agreement or the servicing hereunder nor delegate its rights or duties hereunder or any portion thereof, nor or sell or otherwise dispose of all or substantially all of its property or assets, without the prior written approval of the Master Servicer, which approval consent will not be unreasonably withheld or delayed.