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. Subject to, and upon the terms and conditions set forth in this Article VIII, from time to time, the Owner shall, as hereinafter provided, sell, transfer and assign to the Interim Servicer all right, title, interest and obligation in and to (i) the related Servicing Rights Package attributable to a specified pool of Loans, including, without limitation, ownership of (i) the right to receive a servicing fee in an amount specified in the related Pricing Letter and all Ancillary Income on the Loan; (ii) the related Collection Accounts; (iii) the related Escrow Accounts; and (iv) the related Servicing Files. Such offer and sale shall be subject to, and made in accordance with the terms of this Article VIII. The Owner acknowledges and agrees that, not later than December 31, 2002, it shall offer to the Interim Servicer Servicing Rights relating to Loans with an aggregate principal balance of not less than $3,000,000,000 as further described in the Sale of Servicing Rights Commitment letter agreement between the Owner and the Interim Servicer dated as of February 28, 2001.
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. (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. Upon the terms and subject to the conditions of this Agreement effective as of each Sale Date, Owner, simultaneously with the execution and delivery of the related Acknowledgment Agreement, hereby sells, assigns, transfers, conveys and delivers to Servicer all of Owner'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 Servicing Rights from Owner.
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. Section 3.01.
Sale of Servicing Rights. 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.
