Common use of Servicer Termination Clause in Contracts

Servicer Termination. A Servicer Termination Event shall have occurred, and Seller fails to appoint and transfer the subservicing of the related Purchased Assets to a successor Servicer that is satisfactory to Buyer in Buyer’s good faith discretion within [***] of Seller’s notice or knowledge of such Servicer Termination Event; or

Appears in 2 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.)

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Servicer Termination. A Servicer Termination Event shall have occurred, and Seller fails to appoint and transfer the subservicing servicing of the related Purchased Assets to a successor Servicer that is satisfactory to Buyer in Buyer’s good faith discretion within [***] of Seller’s notice or knowledge of such Servicer Termination Event]; or

Appears in 2 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.)

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Servicer Termination. A Servicer Termination Event shall have occurred, and Seller fails to appoint and transfer the subservicing servicing of the related Purchased Assets to a successor Servicer that is satisfactory to Buyer Agent in BuyerAgent’s good faith discretion within [***] of Seller’s notice or knowledge of such Servicer Termination Event]; or

Appears in 1 contract

Samples: Master Repurchase Agreement (Finance of America Companies Inc.)

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