Common use of Servicing Rights Clause in Contracts

Servicing Rights. Notwithstanding anything provided herein to the contrary, each of the parties hereto agrees and acknowledges that GCFP is the owner of the Servicing Rights with respect to the Serviced Mortgage Loans; provided that, the Servicer shall have the right to receive the GMACM Subservicing Fee as provided in this Agreement.

Servicing Rights. Notwithstanding anything provided herein to the contrary, each of the parties hereto agrees and acknowledges that GCFP is the owner of the Servicing Rights with respect to the Serviced Mortgage Loans; , provided that, the Servicer shall have the right to receive the GMACM GMAC Subservicing Fee as provided in this the Agreement.