Sale of Servicing Rights. Nothing in the Subservicing Protocol or elsewhere in this Settlement Agreement shall prevent JPMorgan from selling some or all of its servicing rights with respect to the Mortgage Loans in the Settlement Trusts at any time, provided that any purchaser must agree to comply with all material aspects of the Subservicing Protocol in connection with the purchase of servicing rights related to the Mortgage Loans in the Settlement Trusts.
Sale of Servicing Rights. HomeSide Lending may not sell Servicing Rights to the Portfolio Mortgage Loans except in compliance with the provisions of this Section 4.14.
(a) HomeSide Lending shall not sell the Servicing Rights relating to the Portfolio Mortgage Loans to any other party unless HomeSide Lending shall have first offered to sell such Servicing Rights to Banc One at fair market value and in connection with such offer shall have offered to subservice on commercially reasonable terms.
(b) No lender which takes a security interest in the assets of HomeSide Lending and no transferees of such a lender shall be bound by the provisions of this Section 4.14.
Sale of Servicing Rights. Without the prior written consent of all the Banks, the Company shall not sell, transfer, or otherwise dispose of any servicing rights, or any other interest in its Servicing Portfolio if, as a result of any such sale, transfer or other disposition, (i) the Aggregate Outstanding Warehouse Balance plus Aggregate Outstanding Excess Balance would exceed the Warehouse Borrowing Base, (ii) an Event of Default would result hereunder, or (iii) the Servicing Portfolio would be smaller than the amount specified in Section 5.4 of this Credit Agreement.
Sale of Servicing Rights. Upon the terms and subject to the conditions of this Agreement effective as of each Transfer Date, Purchaser, simultaneously with the execution and delivery of the related Acknowledgment Agreement, hereby sells, assigns, transfers, conveys and delivers to Servicer all of Purchaser's right, title and interest in and to, and all economic benefit derived from, the Servicing Rights related to Mortgage Loans in the related Servicing Rights Package and Servicer hereby purchases and assumes such Servicer and assumes and assigns the Servicing as of the related Servicing Transfer Date to the Servicer.
Sale of Servicing Rights. Section 3.01.
Sale of Servicing Rights. The sale of each Mortgage Loan by Seller to Buyer shall include all of the Servicing Rights related thereto, and Seller acknowledges and agrees that the Acquisition Price for such Mortgage Loan includes a mutually negotiated premium for such servicing rights.
Sale of Servicing Rights. (a) Subject to, and upon the terms and conditions set forth in this Article III, from time to time, the Owner may, as hereinafter provided, sell, transfer and assign to the Purchaser all right, title, interest and obligation in and to the Servicing Rights related to a pool of Mortgage Loans. Such offer and sale shall be subject to, and made in accordance with the terms of this Article III.
(b) The Owner, the Purchaser and the Servicer shall enter into a Pricing Letter with respect to the Servicing Rights to be sold hereunder not later than thirty (30) days prior to the proposed Sale Date, or such lesser period agreed upon by the Owner, the Purchaser and the Servicer. On each Sale Date the Owner shall deliver to the Purchaser a Xxxx of Sale evidencing the sale of the related Servicing Rights hereunder as of such Sale Date.
(c) On the Sale Date, the Owner shall transfer and assign to the Purchaser, and the Purchaser shall assume from the Owner, all of the Owner’s right, title and interest in and to the Servicing Rights. Following the Sale Date, the Servicer shall service the related Mortgage Loans pursuant to the terms of a Reconstitution Agreement as specified in the related Pricing Letter.
Sale of Servicing Rights. Section 2.02
Sale of Servicing Rights. Seller may, at its option, with the ------------------------ approval of Purchaser (such approval shall not be unreasonably withheld), upon no less than 30 days' prior written notice thereof to Purchaser delivered as provided in this Agreement, transfer, assign and sell the Servicing Rights to: (i) any Person which is an approved seller-servicer in good standing with FNMA/FHLMC which, in Seller's reasonable judgment, has servicing personnel and servicing facilities in compliance with applicable Legal Requirements and which are adequate to perform these obligations provided for in the Agreement; or (ii) any Person, which may include Purchaser, with the prior approval of Purchaser (which approval shall not unreasonably by withheld), provided that, in all events, such Person agrees to be bound, as Seller's assignee, by and to all of the servicing related terms of this Agreement. All proceeds of any such sale of Servicing Rights, and all costs associated therewith, shall be retained and paid by Seller. Purchaser shall cooperate with Seller and such Person in connection with the steps required to be taken as part of their respective obligations in such sale.
Sale of Servicing Rights. The Company shall give the Agent written notice at least thirty (30) calendar days prior to consummating any sale, transfer, or other disposition of any servicing rights, or any interest in its Servicing Portfolio which is not prohibited by Section 7.2(h) hereof.
