Common use of Subservicing Supplement Clause in Contracts

Subservicing Supplement. The Seller and the Purchaser hereby covenant to use commercially reasonable efforts to enter into a Subservicing Supplement promptly following the execution hereof in order to evidence subservicing arrangements in respect of any Transferred Servicing Agreements. The Subservicing Supplement shall not conflict with the Subservicing Agreement. The fee allocation economics under such Subservicing Supplement shall be substantially identical to the fee allocation economics hereof with respect to the Deferred Servicing Agreements.

Appears in 6 contracts

Samples: Sale Supplement (New Residential Investment Corp.), Sale Supplement (Nationstar Mortgage Holdings Inc.), Sale Supplement (New Residential Investment Corp.)

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Subservicing Supplement. The Seller and the Purchaser hereby covenant to use commercially reasonable efforts to enter into a Subservicing Supplement promptly following the execution hereof in order to evidence subservicing arrangements in respect of any Transferred Servicing Agreements. The Subservicing Supplement shall not conflict with the Subservicing Agreement. The fee allocation economics under such Subservicing Supplement shall be substantially identical to the fee allocation economics hereof with respect to the Deferred Servicing Agreements.. [Signature Page Follows]

Appears in 1 contract

Samples: Sale Supplement

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