Common use of Servicing Fee Reset Date Clause in Contracts

Servicing Fee Reset Date. The servicing fees payable to Seller after the Servicing Fee Reset Date shall be subject to negotiation between Seller and Purchaser. If Seller and Purchaser are unable to agree to such servicing fee prior to the Servicing Fee Reset Date, Seller shall, upon Purchaser’s written direction to such effect, transfer the Servicing Rights relating to all of the Deferred Servicing Agreements to a third party servicer identified by Purchaser with respect to which all required Third Party Consents with respect to the Deferred Servicing Agreements can be obtained. Purchaser shall be entitled to receive all proceeds related to such transfer.

Servicing Fee Reset Date. The servicing fees payable to Seller after the Servicing Fee Reset Date shall be subject to negotiation between Seller and PurchaserHoldings. If Seller and Purchaser Holdings are unable to agree to such servicing fee prior to the Servicing Fee Reset Date, Seller shall, upon Purchaser’s Holdings’ written direction to such effect, transfer the Servicing Rights relating to all of the Deferred Servicing Agreements to a third party servicer identified by Purchaser Holdings with respect to which all required Third Party Consents with respect to the Deferred Servicing Agreements can be obtained. Purchaser Holdings shall be entitled to receive all proceeds related to such transfer.

Servicing Fee Reset Date. The servicing fees payable to Seller after the Servicing Fee Reset Date shall be subject to negotiation between Seller and PurchaserHoldings. If Seller and Purchaser Holdings are unable to agree to such servicing fee prior to the Servicing Fee Reset Date, Seller shall, upon PurchaserHolding’s written direction to such effect, transfer the Servicing Rights relating to all of the Deferred Servicing Agreements to a third party servicer identified by Purchaser Holdings with respect to which all required Third Party Consents with respect to the Deferred Servicing Agreements can be obtained. Purchaser Holdings shall be entitled to receive all proceeds related to such transfer.