Common use of Subservicing and Subcontracting Clause in Contracts

Subservicing and Subcontracting. Countrywide shall not hire or otherwise utilize the services of any Subservicer to fulfill any of the obligations of Countrywide as servicer under this Agreement or any related Reconstitution Agreement unless Countrywide complies with the provisions of paragraph (a) of this Section. Countrywide shall not hire or otherwise utilize the services of any Subcontractor, and shall not permit any Subservicer to hire or otherwise utilize the services of any Subcontractor, to fulfill any of the obligations of Countrywide as servicer under this Agreement or any Reconstitution Agreement unless Countrywide complies with the provisions of paragraph (b) of this Section.

Appears in 5 contracts

Samples: Purchase and Servicing Agreement, Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1), Master Mortgage Loan Purchase (J.P. Morgan Mortgage Trust 2006-A1)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.